Dedovichi investment project by GS Group was presented at the Vedomosti annual conference "100 steps to favorable investment climate"
The Dedovichi production facility complex for deep wood processing, which is the GS Group investment project, was presented at the 3rd annual conference "100 steps towards favorable investment climate" held in Moscow on November 24. Alexander Kuznetsov, Vice Governor of the Pskov region, defined the project as the key one for the region.
The project "Development of The Sudoma timber mill production facility complex for deep wood processing" was recognized as strategic by the Investment Commission of the Pskov region municipal administration during the panel session held on August 15, 2014. Subsequently, local authorities will work out a strategic investment agreement with GS Group international investment and industry holding company, the project general investor.
On July 9, 2014 the GS Group holding, investor of the deep wood processing project in Pskov region, inaugurated the tree nursery for growing seedlings, which will be used within enterprise’s reforestation activities. It is the only private nursery in the North-West Federal District, using the technology of growing ball-rooted seedlings. The nursery volume of output is estimated 2 mln seedlings per year. It will allow restoring 1,000 ha of lost forest fund in Pskov region annually.
GS Group, private international holding originating from Russia, has started construction of a new hi-tech added-value wood processing factory Sudoma in Pskov region, alongside with opening a tree nursery for 2,000,000 seedlings. The groundbreaking ceremony took place in the small town of Dedovichi last week. The new facility is primarily aimed at exporting wood building materials to Europe at a reasonable price. Sudoma will be the only factory of such kind in Russia and one of the few operating in Europe.