Segezha Group launched construction of the CLT manufacturing plant. The modern engineered material for wooden construction to be produced in Sokol, Vologda Region of Russia. A new asset – Sokol CLT – is created within Segezha Group to implement the project. Equipment delivery and mounting are planned for May 2020.

According to the announcement, the investments in a new manufacturing facility accounts for more than RUB 3 billion (around USD 47.5 million). The capacity of the new enterprise is 250,000 m2 production per year.