Raute Corporation has received orders worth approximately Euro 58 million from Segezha Group to Russia. The scope of orders includes all machinery and equipment for the production process of an entire plywood mill. The ordered machinery and equipment will be delivered during the year 2020 and production in the plywood mill will start in summer 2021.
The machinery and equipment will be delivered to a green field plywood mill to be set up in Galich, Kostroma region by Segezha Group. The annual capacity of the new mill will be approximately 125,000 cubic meters.
The equipment will be engineered and produced in Raute’s units in Nastola, Shanghai and Kajaani, and also in the company’s partnership network.
Segezha Group, a Russian forest industry holding company, has operations, in addition to Russia, in eleven countries in Europe.
Raute is a technology and service company that operates worldwide. Raute’s customers are companies operating in the wood products industry that manufacture veneer, plywood, LVL (Laminated Veneer Lumber) and sawn timber.