As Construction.ru was told by the regional press office, the project will be implemented by 2018.
The new plant will be located in the Cherepovets district and will produce up to 100,000 m3 of large-format plywood, up to 2m m2 of parquet plank and up to 30,000 m3 of pellets a year.
500 new jobs will be created at the plant.