The Finnish Forest Industry Association: Finnish companies are planning investments in the cellulose and paper industry of Russia

The Finnish forest companies have plans to invest in the Russian cellulose and paper industry. As reported, a senior vice-president of the Finnish Association of forest industry, Anders Portin, the members of the Association are satisfied with the investment climate in Russia and therefore they are willing to invest resources in the establishment of cellulose and paper mills.

According to A. Portin, for the Finnish enterprises, a very important factor is the possibility of duty-free importation to Russia of machines for the industry of timber, as well as the lack of export duties on wood products.

At the same time, according to Vice-President of the Finnish Association of Forestry industry, the negative point is poorly developed the forest infrastructure from Russia, especially the lack of density of forest roads. "Investors will have to face the fact that they will have to invest heavily in this infrastructure development", - emphasized A. Portin.

However, the plans of the Prime Minister of the Russian Federation, Vladimir Putin, about the abolition of multiple duties on the export of timber from January 1, 2009 and transferring it for several months, «will give to the Finland adapt to the new circumstances» — commented A. Portin.

Recall that the Russian government has decided to postpone the adoption of new customs duties on round wood for 9-10 months.

Although Russia does not intent to abandon the construction of its wood business (enterprises), Putin said that for the investors, including the Finnish team, will be provided very good proposals for investment in Russia's timber industry, take in consideration the financial crisis around the world.