The production of OSB boards in Karelia is approved as a priority project

The project OOO Woodworking Company "Kalevala" has been included into the list of priority investment projects in the sphere of forest exploitation by the Ministry of Industry and Trade, as announced by the press-office of the Government of the Republic of Karelia. During the project the first OSB mill in Russia will be constructed in Petrozavodsk as a base company for low-rise housing construction. The rated products output will amount to 300 000 cu m per year. The project implementation is anticipated from 2010 to 2024, the start-up of the first line will take place in 2012.

The total amount of investments will amount to 9 bln rubles. Currently the project is in a planning and preparation stage. OOO Woodworking Company "Kalevala" has received for rent without any auction bidding the forest areas in Kalevala and Muezersky Districts of Republic with an annual felling area of  92.4 tsnd cu m.