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$1.3 bln invested in Russian lumber complex by Chinese and Brazilian companies
13.01.2009 13:23
$1.3 bln invested in Russian lumber complex by Chinese and Brazilian companies

A new log sectioning plant will open on the 17th of January in the Zabaikalye Territory. The international company Universal Timber Resources Limited invested $1.3 billion in construction of the complex.
      
      Universal Timber Resources Limited comprised of both Chinese and Brazilian assets put money into acquisition of equipment for the lumber factory in Russia, the minister of industry and energy of the Zabaikalye Territory said. The new enterprise is built on the basis of the existent Zabaikalye Timber Company.
      
      source:
      www.rosbalt.ru


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