{"id":76789,"date":"2018-11-20T10:39:45","date_gmt":"2018-11-20T10:39:45","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/singapore-company-invests-200-million-in-a-wood-processing-complex-in-russias-far-east\/"},"modified":"2025-09-18T17:16:15","modified_gmt":"2025-09-18T17:16:15","slug":"singapore-company-invests-200-million-in-a-wood-processing-complex-in-russias-far-east","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/singapore-company-invests-200-million-in-a-wood-processing-complex-in-russias-far-east\/","title":{"rendered":"Singapore company invests $200 million in a wood processing complex in Russia\u2019s Far East"},"content":{"rendered":"<p><em>Singapore's KGK Sudima International Pte Ltd plans to open a high-tech wood processing complex in the Russian Far East region of Primorye in which it will invest more than $200 million.<\/em><\/p>\n<p>The company signed a letter of intent on this investment project with the Far East Investment and Export Agency, the Far East Development Ministry's press service reported.<\/p>\n<p>\"The new enterprise will produce parquet, furniture boards, lumber and pellets,\" agency CEO Leonid Petukhov was quoted as saying.<\/p>\n<p>India's KGK might become a co-investor in the project.<\/p>\n<p>\"A special project company has already been created in Primorye, KGK Sudima Evergreen, which plans to submit an application to JSC Far East Development Corporation by the end of 2018 to receive the status of a resident of the Free Port of Vladivostok,\" the ministry said.<\/p>\n<p>The Far East Investment and Export Agency will support the project from the beginning to when production is launched. The agency is now \"helping the investor in the selection of a site,\" Petukhov said. \"An agreement has now been signed with state forestry industry research center GNC LPK on the development of a priority project in the area of forest development,\" he added.<\/p>","protected":false},"excerpt":{"rendered":"<p>Singapore&#8217;s KGK Sudima International Pte Ltd plans to open a high-tech wood processing complex in the Russian Far East region of Primorye in which it will invest more than $200 million. The company signed a letter of intent on this &hellip; <a href=\"https:\/\/www.timberindustrynews.com\/ro\/singapore-company-invests-200-million-in-a-wood-processing-complex-in-russias-far-east\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":61502,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4713,4716],"tags":[3311,3275,4011,4012,3650],"class_list":["post-76789","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-in-the-timber-industry","category-latest-trends","tag-russia","tag-sawmilling","tag-singapore","tag-sudima","tag-wood-processing"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Singapore company invests $200 million in a 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