A working meeting of Minister for Development of the Russian Far East Alexander Galushka and President of China Chengtong Holdings Group Zhu Bisin took place in Beijing.
The Chinese State Corporation is going to implement a paper mill project in Amursk, Khabarovsk Krai. The total investments are estimated at more than $1 bln. The project will also create 1500 jobs in the region.
The head of China Chengtong Holdings Group said that the plant was going to produce several types of pulp for various grades of paper and carton. For that purpose, the company relies on support from the Russian Government with raw materials and logistics. The products are expected to be exported to China. The plant is going to operate within a territory of advanced development.