Segezha Group and FESCO Transportation Group ("FESCO") will study the possibilities of cooperation in transportation of finished products, as well as comprehensive logistics support of projects for creation and modernization of Segezha's timber processing plants in Russia. The respective agreement of intent was signed by Mikhail Shamolin, President and Chairman of the Board of Segezha Group LLC, and Alexander Isurin, FESCO's President, at the Krasnoyarsk Economic Forum.
As agreed, in order to conclude firm contracts in the future, the parties will study the prospects of cooperation in transportation and logistics relating to modernization and conversion projects of Segezha PPM JSC in the Republic of Karelia, the construction of the Lesosibirsk biotechnological complex in the Krasnoyarsk Kray and the construction of the plywood plant in Galich, Kostroma Region. In particular, FESCO will focus its efforts on the development of efficient transportation and logistics solutions, comprehensive freight forwarding support and supply of resources for transportation of finished products and oversized and heavy cargo. Segezha Group, for its part, will invite companies of FESCO Group to participate in the auctions for procurement of transportation and logistics services for its companies. In addition, Segezha Group and FESCO will consider the possibility of acquisition and joint operation of rolling stock and containers for uninterrupted export of finished products of Segezha Group’s companies.
The parties also intend to develop a general plan for participation in "Yenisei Siberia", a complex investment project of Krasnoyarsk Krai covering the development of Krasnoyarsk Krai, Khakassia and Tuva.
"Our company is developing its operations in a consistent manner in Krasnoyarsk Krai and on the national level. We are starting to implement several large-scale projects and build new capacities, which leads to the rapid growth of freight turnover", Mikhail Shamolin said when signing the agreement. "Together, we focus on solving the problems of increased cargo flow and addressing the logistics issues accompanying developing production and new construction."
"I'm glad that our partners are actively developing. In turn, we are ready to provide their business with the most efficient logistics solutions based on the advance development of transportation schemes including railway and intermodal transportation from Russia to the southern ports of China and South-East Asia through Vladivostok. We see a high potential of the project "Yenisey Siberia" for optimization of logistics solutions", Alexander Isurin said after signing the agreement.