Christoph Kulterer (right) signing the agreement concerning the expansion with Andreij Nikitin (left). Governor of the Novgorod region. In the background are Russian foreign secretary Lawrow, president Vladimier Putin and Austrian chancellor Sebastian Kurz (from left to right, back row). © BMNT/Paul Gruber

Hasslacher Norica Timber

Twofold cutting volume and laminated timber production

Declaration of intent for investment projects in Russia

Article by Gerd Ebner, translated by Susanne Höfler | 18.06.2018 - 15:45

On the occasion of the state visit of Russian president Putin on the 5th of June in Vienna, Christoph Kulterer, CEO of the Hasslacher group, signed a declaration of intent for an investment project in Russia with Andreij Nikitin as the governor of the Novgorod region.

The Hasslacher group is planning to invest about RUB 1.5 bn (€20 million) into expanding the saw and further processing line at the site in Malaya Vishera.

Next to activities in forestry and roundwood procurement, the subsidiary Hasslacherles OOO is operating the production site Malaya Vishera with a sawmill, a planing mill and a pellets production. The annual cutting volume of the Russian sawmill will be increased from 200,000 sm³ to 400,000 sm³. The production of an additional 50,000 m³/yr of laminated timber is particularly aimed at overseas exports.