Tver region to grant Segezha Group resident status at Borovlevo-3 for a new converter plant project

On 3 June, at the St. Petersburg International Economic Forum (SPIEF 2021), Mikhail Shamolin, President of Segezha Group (a Sistema company), and Igor Rudenya, Governor of the Tver Region, signed an agreement to build a paper packaging plant at the innovative industrial park, Borovlevo-3.

The Tver Regional Government will consider extending state support measures to the project and assist in expediting all necessary administrative and technical procedures.

After obtaining residential status and final approval for the project, investments will amount to approximately RUB 3 billion. The projected capacity of the plant is 300 million pieces per year (7 consumer packaging lines and one industrial packaging line). The plant will increase the Group’s total paper packaging capacity by approximately 18% and create over 100 high-tech jobs in the region. Advanced equipment and state-of-the-art printers will be installed at the new converting facility. Products will be made from high quality kraft paper from the Group's Russian companies. The new plant’s packaging solutions and service level will meet the high demands of customers in industrial packaging, as well as in e-commerce, fashion industry, food production and pet products. The plant is scheduled to be commissioned in mid-2023.

Igor Rudenya, Governor of the Tver Region: "By constructing this plant to produce environmentally friendly paper packaging in the Tver region, we will be achieving goals set out by our Head of State. It is essential that we attract these types of large forestry companies to the Tver region, and this investment creates attractive jobs for young specialists while introducing state-of-the-art technology to the region. We expect Segezha Group to become a key part of the Borovlevo-3 innovative industrial park.”

Mikhail Shamolin, President of Segezha Group: "Segezha Group is a world leading producer, and Russia's number one producer of industrial packaging made from unbleached kraft paper. Expanding our converting capacity in the Tver Region will enable us to meet growing demand in the Central Federal District, primarily for consumer packaging. A significant boost to our investment plans will be the opportunity to obtain resident status at Tver Region’s innovative industrial park, Borovlevo-3, which is perfectly located from a logistical point of view. We plan to start work on the project as early as this year. In the future, we may locate new types of production facilities at this site with a view to winning logistical schemes for supplying timber products to St. Petersburg and Moscow."

 According to industry analysts' forecasts, the Russian market for paper-based consumer packaging will continue to grow, with Segezha Group's market share currently at around 7%.

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