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Ministry of Economic Development Forecast: Russian GDP growth rate: 217 – 0.6%, 2018 – 1.7%, and 2019 – 2.1%. •  Ministry of Economic Development Forecast: In 2019 wood and cellulose processing and production investment volume will not exceed 30% of the 2015 value. •  Ministry of Economic Development Forecast: Average annual investment increase in 2018 - 2019 will stand at 1.3%.
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Segezha Group

Segezha Group (part of AFK “System”) commenced the second stage of Segezh PPM modernization. The modernization includes the assembly of a new 110K ton per annum paper machine. The total production volume will increase by 40%. The contract cost exceeds 80 million EURO. The Segezh PPM modernization project is run in three stages and to be completed by 2018.