Russian sawmiller to buy pellet plants

RusForest AB is to acquire wood pellet-making plants in Sweden, Latvia and move the machinery to Russia.

The Russian sawmiller, which has been blazing an acquisition trail recently, is to buy Clean Tech East Holding’s subsidiary Eastern Bio Holding (EBH) – which has pellet factories in Ystad, Sweden and Liepaja, Latvia with a combined capacity of 100,000 tonnes of pellets per year.

It is also buying another subsidiary Bio Energy Nord Ltd, which has a project plan to establish a large-scale pellet plant in Arkhangelsk in northwest Russia.


Speak Your Mind