LLC Priangarue Timber Mill (Priangarue TM) — is a company that implements an investment project on the territory of the Krasnoyarsk Region.

The launch of production is planned for 4Q 2013. We plan to reach the annual estimated capacity of 300,000 m3 of sawn timber in 2016. The projected annual output of wood raw processing is 630,000 m3 of sawlog. The expected annual wood cutting area rate of Priangarue TM is 1.4 million m3.

As its own assets Priangarue TM holds the land plots (total area – 44 hectares), a sawmill, workshops for formation and packaging of prepared timber (total area – 10,000 m2), drying rooms with household and technical facilities area, a finished products warehouse, a power station with capacity of 6,000kW and boiler equipment with capacity of 22MW.

The wood processing is performed on the German (EWD), Finnish (Hekotek) and Italian (Nardi) high-technology equipment.

PROJECT MILESTONES

2010 – 2011

An investment business plan was worked out with the assistance of Finnish, German and Italian companies-manufacturers of the installed equipment. The concept of the project development was approved and supported by the Investment Council of the Government of the Krasnoyarsk Region. We also obtained a positive expert opinion from the Poyry Forest Industry Consulting company.

February 18, 2011

The Government of the Krasnoyarsk Region, National Bank TRUST and Priangarue Timber Mill signed a cooperation agreement.

2011-2013

The construction and maintenance works were carried out, the existing equipment was renovated, Priangarue TM set up its own logging production.

January 11, 2012

The project was included into the list of priorities on the forest development in the Krasnoyarsk Region.

February 28, 2012

The plant was launched in a trial and adjustment mode at the time of the Krasnoyarsk Economic Forum. The first lot of export sawn timber was produced; the finished products were firstly shipped to buyers in Germany, Turkey, Egypt and other countries.