Swiss businessman to invest $70 million in new pulp plant in Dagestan
A group of Swiss entrepreneurs, headed by Alan Broglie, has signed an agreement with Russian TVS and Tehrezerv companies for the construction of a plant for deep wood processing and pulp production in the Russian Dagestan region. The preliminary cost of the project is 2.44 billion rubles (USD$70 million). The majority of future production of the new plant will be sold in Switzerland, Germany and the domestic Russian market.
