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August 16, 2013

GS Group starts construction of a new wood-processing factory in Pskov region

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.

August 14, 2013

GS Group to build timber factory that will produce import-substituting wood

Sudoma added-value wood processing factory will produce high quality finish materials. The foundation stone will be laid on August, 15, in Pskov region (Dedovichi village). The new facility will help reduce the volume of imported wood in Russia as well as start exporting wood building materials to Europe at a reasonable price. This will be the only factory of this kind in Russia and one of the few operating in Europe. International multisectoral holding GS Group is the investor of the project.