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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).
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