|About Us||Products And Services||Investor Relations||Sustainability||Media center||Contacts|
On June 15 2006, a stone-laying ceremony was held in the Boxitogorsk District of the Leningrad Region to mark the beginning of building work on theMM-Yefimovsky(full name — OOO Mayr-Melnhof Holz Yefimovsky) Timber-Processing Plant.
Participating in the ceremony were Valery Serdyukov, Governor of the Leningrad Region, Baron Franz Mayr-Melnhof-Zaurau, the owner of Mayr-Melnhof Holz GmbH, and Andrei Molchanov, President of the LSR Group.
MM-Yefimovsky is a joint venture formed with the Austrian company, Mayr-Melnhof Holz, and the industrial-building LSR Group. The enterprise will carry out all-round timber processing and manufacture biological fuel pellets, glued beam and lumber.
Under an agreement with the Leningrad Regional Administration,MM-Yefimovskywill not only utilize the region’s timber reserves, but actively engage in their restoration.
The launching of the first phase of the plant (the sawmill) is planned for the third quarter of 2007. Investment in the first phase will amount to 50 million euro. Total production is 300,000 cubic metres of lumber a year. The number of staff at the enterprise is 400.
The building of the second phase of the enterprise — the glued wood plant and the manufacture of biological fuel pellets — is planned for completion in 2008. Additional investments in the second phase will amount to approximately thirty million euros. The number of employees at the enterprise is to be increased to 600.
When the enterprise reaches its projected capacity, revenue to the budget of the Leningrad Region in the form of additional taxes will be increased by 3.3 million euros.
The LSR Group has always followed the strategy of forming partnerships with the highest class of professionals in their line of business. “Mayr-Melnhof Holz is a company with vast experience in timber processing, and we are glad to be working together with them,” said Mikhail Romanov, Vice President of the LSR Group. — “I am sure that our joint venture —MM-Yefimovsky — will prove successful.”
The Austrian company, Mayr-Melnhof Holz GmbH, was founded in 1850 and is one of the ten largest timber companies in Europe. Turnover for 2005 amounted to 290 million euro, and production volumes to 1,300,000 cubic metres.
The LSR Group — one of the largest combines of enterprises in the North-West Russian industrial-building complex — began operations in 1993. The LSR Group includes enterprises engaged in the mining and refining of non-metalliferous minerals, the production and transportation of building materials, the provision of building services, road building, and residential building ranging from prefabricated slab construction to elite houses. Members of the Group include such leaders in the field as ZAO Pobyeda LSR, ZAO PO Barrikada, OAO Vozrozhdeniye Sankt Peterburga Building Corporation, ZAO DSK Blok, ZAO Gatchinsky DSK, OAO Rudas, OAO Granit-Kuznechnoye, and OAOCombine-45.The LSR Group’s turnover in 2005 was in excess of 18 billion roubles (13 billion roubles in 2004).
THE MATERIALS YOU ARE SEEKING TO ACCESS ARE BEING MADE AVAILABLE ON THIS WEBSITE IN GOOD FAITH AND ARE FOR INFORMATION PURPOSES ONLY.
THESE MATERIALS ARE NOT DIRECTED AT OR ACCESSIBLE BY PERSONS IN THE UNITED STATES, OR PERSONS RESIDENT OR LOCATED IN AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION WHERE THE EXTENSION OF AVAILABILITY OF THE MATERIALS TO WHICH YOU ARE SEEKING ACCESS WOULD BREACH ANY APPLICABLE LAW OR REGULATION.
The materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States, Australia, Canada, Japan or in any jurisdiction in which such offers or sales are unlawful. Any securities issued in connection with an offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or under any applicable securities laws of any state, province, territory, county or jurisdiction of the United States, Australia, Canada or Japan. Accordingly, unless an exemption under relevant securities laws is applicable, any such securities may not be offered, sold, resold, taken up, exercised, renounced, transferred, delivered or distributed, directly or indirectly, in or into the United States, Australia, Canada, Japan or any other jurisdiction if to do so would constitute a violation of the relevant laws of, or require registration of such securities in, the relevant jurisdiction. There will be no public offer of securities in the United States.
The materials are only addressed to and directed at persons in member states of the European Economic Area who are "qualified investors" within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC) ("Qualified Investors"). In addition, in the United Kingdom, the materials are being made available only to, and are directed only at, Qualified Investors who are persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or who are high net worth entities falling within Article 49(2)(a)-(d) of the Order and other persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as "relevant persons"). Any investment or investment activity to which the materials relate is available only to relevant persons in the United Kingdom and Qualified Investors in any member state of the European Economic Area other than the United Kingdom, and will only be engaged with such persons. Other persons should not rely or act upon the materials or any of their contents.
If you are not permitted to view materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage. These materials must not be, released or otherwise forwarded, distributed or sent in or into the United States, Australia, Canada, Japan or any jurisdiction in which such offers or sales are unlawful. Persons receiving such documents (including custodians, nominees and trustees) must not distribute or send them in, into or from the United States, Australia, Canada or Japan.
Confirmation of understanding and acceptance of disclaimer
I warrant that I am not located in the United States and am not resident or located in Australia, Canada, Japan or any other jurisdiction where accessing these materials is unlawful, and I agree that I will not transmit or otherwise send any materials contained in this website to any person in the United States, Australia, Canada, Japan or any other territory where to do so would breach applicable local law or regulation.
I have read and understood the disclaimer set out above. I understand that it may affect my rights and I agree to be bound by its terms. I confirm that I am permitted to proceed to electronic versions of the materials.
We regret that, due to regulatory restrictions, we are unable to provide you with access to this section of our website.
You have indicated that you are located in the United States. These materials are not intended for, directed at or accessible by persons located in the United States. However, persons located in the United States that make the below certifications can access these materials. Please read the certifications below carefully and provide the information requested in order to access these materials. If you cannot make the below certifications, please exit this page.
“We are a “qualified institutional buyer” (a "QIB") as defined in Rule 144A under the U.S. Securities Act of 1933, as amended (the "Securities Act"). Further, if we are acting as a fiduciary or agent for one or more investor accounts, (a) each such account is a QIB, (b) we have investment discretion with respect to each account, and (c) we have full power and authority to make the representations, warranties, agreements and acknowledgements herein on behalf of each such account.”
“We acknowledge that the materials relate to a transaction that is not subject to, or is only available in the United States pursuant to an exemption from, the registration requirements of the Securities Act.”
By clicking “I AGREE” below, you are certifying that the certifications and information provided are accurate and that you would like to access the materials. You agree that the materials you access are for your own use and will not be distributed to any person outside of your organisation.