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On the basis of "Arkaim" a large Russian-Chinese wood processing holding will be created

Yesterday, at a meeting held by Deputy Prime Minister of the Russian Federation Yuri Trutnev, the situation at the Arkaim JV LLC, which is of great importance for the forest industry in general, was discussed.

Now the Arkaim JV LLC is in the process of monitoring, since from the 2013 year at the enterprise, due to a drop in demand for products, the situation that led to the suspension of its work has developed, which, in turn, would affect more than 3 thousand employees of the enterprise.

In order to repay loans and resume full-fledged work, JV Arkaim LLC requires about 600 million dollars. The Chinese State Forest Corporation is ready to provide these funds in order to ensure sustainable production operations, as well as help find new markets.

On the basis of Arkaim, a large Russian-Chinese timber processing holding will be created. The pooling of assets will increase the processing capacity to 2 million cubic meters of timber per year, and the production of raw materials to 3,7 million cubic meters.

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