Views: 12 Author: Site Editor Publish Time: 2024-10-07 Origin: Site
METSÄ Group has completed the sale of its Russian subsidiaries Metsä Svir, Metsä Forest St. Petersburg, Metsä Forest Podporozhye and Metsä Board Rus to VLP Group.
In 2022, the Metsä Group ceases its business operations in Russia, including the Svir sawmill operation, timber purchases and cardboard sales.
With the completion of the transaction, the Metsä Group no longer holds any assets in Russia.The VLP Group is primarily engaged in forest products and forestry operations in the Vologda region of Russia.From 2003-2017, the Metsä Group had held a small stake in the VLP Group.
