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August 8, 2019

Sudima to split planned US$200M wood processing complex in Russia’s Far East due to lack of timber

Singapore's Sudima International, which announced earlier that it would build a wood-processing complex in the Primorye Territory worth $200 million, has decided to split the project into two parts due to a potential lack of timber.  The second facility will be located in the Transbaikal Territory.  "Originally the plan was to create a new production facility in Primorye, but due to the potential lack of timber for such a big project, it's been split into two parts, and the second will be implemented in Transbaikal. Investors have already held talks on this issue ...

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