RusForest Group

RusForest is a company active within the forestry sector in Eastern Siberia, Russia. The company was established in 2006 through the acquisitions of Tuba-Les and PIK-89 in the Ust Ilimsk region. Since then, RusForest has reached a considerable scale, both in terms of forest resources and sawmilling capacity, through strategic acquisitions and brownfield development projects. The company currently controls over 1, 000, 000 hectares of forest land with an annual allowable cut (AAC) of 1, 655, 200 m3. The groups initial sawmilling capacity of around 200, 000 m3 is also expected to increase to over 370, 000 m3 thanks to the construction of the Boguchansky sawmill, which is approaching full capacity, and the RusForest Magistralny sawmill which is expected to go online at a later stage.Russia has the worlds largest timber reserves by a significant margin, and Eastern Siberia is known for its high quality Angarsk Pine and Siberian Larch. The forest resources in this area is of high density and subsequently well suited to produce sawnwood of exeptional quality. Rusforests operations are also favourably positioned, in the southern part of Eastern Siberia, to effectively reach the rapidly growing Asian markets. Subsequently, most of the companys production is currently directed at customers in Central Asia, the Middle East, Japan and China (the worlds largest importer of wood and wood products).