September 25, 2009 Phase 1 of the LLC MM-Efimovsky wood-processing plant was officially launched in the village of Chudtsy, Boksitogorsky district, Leningrad region. The joint project of the Austrian company, Mayr-Melnhof Holz GmbH and LSR Group was realized by MM-Efimovsky with the support of the Leningrad Region Government. Total investment volume amounted to EUR 80 billion.