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Investments in the Russian timber industry complex grew by 15% in January-September
Posted on January 17, 2023 |
In the first 3 quarters of 2022, the volume of investments in the domestic forestry complex grew annually by 15.6% to 139 billion rubles, and compared to January-September 2020, capital investments increased by 41.8%.
Half of these investments, which is 47.8%, were directed to the development of the pulp and paper industry; the other half which is 40.8%, belongs to wood processing; and the remaining is taken by logging.
Investments in the furniture industry grew by 3.67% to 5.1 billion rubles.