Total investment in the project will be more than 7.6 billion rubles.
The agreement was signed at a round table on "Business Opportunities in Russia and Germany, the advantages and disadvantages", held in the frameworks of "20 Days of Germany in the Ulyanovsk region."
Document was signed by director of "Forest Field" Michael Boyarkin, director of «VanBetra Projekt GmbH» Bernd Ottmann and director of «Swiss Global Project Management AG» Rene Shtadelmann.
The agreement regulates the cooperation between the parties in the implementation of a new investment project for construction in the district of Ulyanovsk region Veshkaymsky plant to produce particleboard and MDF OSB using innovative technologies of production design.
Implementation of the project is scheduled for the period from 2012 to 2014. In the framework of plans to create 550 high-paying jobs