Ussuriysk CPM actively modernized
Ussuriysk CPM (Cardboard and Paper Mill) is restarting the production of corrugated board and corrugated packaging in the framework of the 1st stage of the comprehensive modernization of the plant in Primorsky Krai.
“We are completing the first stage of our project. A unique enterprise for the production of container cardboard and corrugated packaging from recycled materials is being restored. The next step is the modernization of cardboard and paper production with the aim of increasing the output of paper products and expanding sales markets, including exports, “commented Dmitry Ramenov, Deputy Director General of Ussuriysk Industrial Park.
The volume of private investments in the project of complex modernization of production will amount to more than 47 million USD. Currently, the investor, within the framework of the 1st stage of modernization, has made its own investments in the project of more than 17.5 million USD. In addition, the Baltic Development Bank, within the framework of the implementation of this stage of the project, granted FPV residents loan in the amount of 10.5 million USD.
“The modernization project for Ussuriysk CPM provides for a multi-step update of cardboard and paper production and production of corrugated packaging. We set a goal to replace imported packaging with our products in the Far East. At his own expense the investor carried out a complex of restoration measures of production. Now the plant produces grades of paper and cardboard of high quality, “the representative of Ussuriysk CPM specified.