Södra, Angara Paper to Partner in New Russian Pulp Mill Project

Södra Cell, Sweden, this week reported that it has been invited to participate in a feasibility study regarding a pulp mill project in Russia. Södra, the Russian bank VEB, and Angara Paper have signed a Letter of Intent. Södra's role in the project will be industrial partner and responsible for sales and marketing of future pulp production.

The feasibility study is focused on constructing a pulp mill with a capacity of 1.1 million metric tpy of softwood pulp. The project has cutting rights to 6 million cubic meters of softwood per year in the Krasnojarsk area.

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