As a result of the completed transaction, 83.3% of the share in the company moved to the company Balchug Capital CJSC (registered in Armenia). The transaction received the approval of the Government Commission on the monitoring of foreign investment in the Russian Federation.
Balchug Capital is one of the leading investment funds specializing in investments in high -quality and liquid assets of the real sector of the economy. The company manages assets worth about $ 2 billion.
Syktyvkar Plywood Mill will continue its activities in accordance with previously adopted strategic plans. Focus will be preserved on the development and promotion of the enterprise’s own brands - more format plywood products under the SyPly trademark and lamarty laminated plates. In addition, further development and modernization of production facilities, expansion of the product line to meet the needs of both domestic and export markets is planned.
