Chinese Paper to Invest USD1.5 Billion in New Mills in Far East Russia
Xu Wei
DATE: Nov 30 2017
/SOURCE: Yicai
Chinese Paper to Invest USD1.5 Billion in New Mills in Far East Russia
(Yicai Global) Nov. 30 -- The Russian Far East Bureau for Attracting Investment and China Paper Corp. have signed a deal to jointly develop pulp and paper mills in Khabarovskiy Kray with a total investment of USD1.5 billion, Sputnik News reported yesterday.
The mills will produce a combined 500,000 tons of pulp per year, creating at least 500 new jobs news said.