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SFT Group will invest 500 million roubles to modernize its corrugated packaging production in the Timashevsk industrial park, aiming to raise output to 110 million square metres per year by 2031.
SFT Group's corrugated packaging plant in Taganrog, Russia, raised capacity by 10% to 200 million square meters per year after modernizing its main equipment with China's Fosber Group. The investment amount was not disclosed.
SFT Group opened the Kartontara-2 corrugated packaging plant in Maykop, Adygea, with an investment of 3.5 billion rubles built over two years. The plant has capacity of up to 150 million square metres of product a year and is expected to create up to 120 jobs.
SFT Group estimates total investment in its Adygea projects through 2030 at 30 billion rubles, including a high-tech paper machine to be launched by 2028 with capacity of 250-270 thousand tonnes of board per year and site capacity rising to 350 million sq m.
SFT Group plans to start new production lines at its second corrugated packaging plant Kartonstara-2 in Maikop, Adygea, in May 2025, with annual capacity of up to 150 million square meters.
SFT Group is building the Kartontara 2 corrugated board plant in Adygea, with an investment of 2.8 billion rubles and design capacity of up to 130 million square meters per year. Test launch starts March 1 and production is expected to begin in April 2025.
Kartontara, 100% owned by SFT Group, will commission a second corrugated packaging plant in Maykop, Adygea, by late 2024, with total investment of about 2.8 billion rubles. The plant will have capacity up to 130 million square meters per year and create over 134 jobs.
SFT Group plans a new corrugated packaging plant in an industrial park in Takhtamukaysky district, Adygea, with capacity up to 200 million m² per year and investment up to 4 billion rubles.
SFT Group opened the first phase of corrugated board packaging production at the Aleksinskaya paper and board mill in Tula region, after investing over 3.7 billion roubles and creating 200 jobs. A second phase planned to raise capacity to 310 million square metres and add 100 jobs.
Austria's Prinzhorn Group has signed an agreement to buy a 50% stake in Russian paper and corrugated packaging maker SFT Group, which will become a joint venture. The deal is subject to regulatory approval and its value was not disclosed.
