Friday 28. March 2008
UPM and Sveza Group team up to prepare a modern pulp mill project in Vologda region, Northwest Russia
Finnish forest industry group UPM and Russian Sveza Group have signed a letter of intent to form a joint venture company, and to make a final investment decision after finalising the feasibility study on a state-of-the-art forest industry facility in the Vologda region of Northwest Russia. Each party would hold 50 percent of the joint ventures share capital.