The Segezha Group has acquired Karelian Wood Company, a sawmill owned by Pin Arctic Oy in Kostomuksha in the Republic of Karelia. The annual production capacity of the sawmill is 250,000 cubic meters of sawnwood. Annual allowable cut in the leased forests is 200,000 cubic meters.
The acquisition will increase the efficiency of wood procurement at the Karelian plants of Segezha Group. It will also improve the availability of raw material for the expansion of the Segezha pulp and paper mill.
In 2015, Pin Arctic Oy acquired Kostomuksha sawmill from Ikea.
Sources: Segezha Group, BSRforest
Related news: 16.8.2019 Segezha Group launched investment project in Karelia