{"id":75053,"date":"2018-01-10T10:32:52","date_gmt":"2018-01-10T10:32:52","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/chinese-company-will-invest-1-5-billion-russia-far-east-pulpmill\/"},"modified":"2025-09-19T08:47:18","modified_gmt":"2025-09-19T08:47:18","slug":"chinese-company-will-invest-1-5-billion-russia-far-east-pulpmill","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/chinese-company-will-invest-1-5-billion-russia-far-east-pulpmill\/","title":{"rendered":"Chinese company will invest $1.5 billion Russia Far East pulpmill"},"content":{"rendered":"
\n

On November 28, 2017, Investment Agency of the Far East and China Paper has signed a Memorandum of understanding to implement the project of a pulpmill in Amursk, Khabarovsk region.<\/em><\/p>\n

It is expected that the plant will produce up to 500,000 tonnes of pulp of several types for the Chinese market, the investment will be about $1.5 billion, as WhatWood reported.<\/p>\n

According to the signed Memorandum, the mill site will be included in Komsomolsk advanced development zone, which will enable investors to obtain significant tax benefits.<\/p>\n

China Paper belongs to China Chengtong Holdings Group, which was founded in 1992 and is a major public corporation under the control of the Committee on state property of the State Council of the PRC. The company has been working in Russia since 1996.<\/p>\n

As WhatWood reported, the portfolio of completed projects includes Druzhba trading house (Moscow) and Greenwood international trade center in Krasnogorsk, Moscow region. Authorities of Khabarovsk region had said earlier that they may take unused forest land away from the non-abiding tenants in favour of the projected pulpmill.<\/p>\n

Deputy Prime Minister, presidential plenipotentiary envoy to the Far Eastern federal district Yuri Trutnev at the meeting in Khabarovsk called on the regional authorities to remove obstacles to the implementation of this project.<\/p>\n

The mill will require 2.5 million m3 of low-grade wood and wastewood. According to the Governor Vyacheslav Shport, there are 29 regional companies that do not comply with state obligations: the development of forest area is only 20%, in some cases even few percent.<\/p>\n

Later, Yuri Trutnev at a meeting in Beijing with the President of China Chengtong Holdings Group Zhu Busin expressed the view that the increase in export duties for Far Eastern logs will also help to supply the new Russian-Chinese pulpmill with resources.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

On November 28, 2017, Investment Agency of the Far East and China Paper has signed a Memorandum of understanding to implement the project of a pulpmill in Amursk, Khabarovsk region. 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