February xxx, 2007
Botnias subsidiary Svir Timber acquires two Russian timber harvesting companies
Oy Metsä-Botnia Abs Russian subsidiary Svir Timber has acquired the Russian timber harvesting companies ZAO Petrovles-Pasha and ZAO Petrovles-Podporozhie. The acquisitions will strengthen wood raw material supplies for Svir Timbers sawmill and lend support to Botnias long-range strategy in Russia.
The timber harvesting companies are based in the Volkhovsky and Podporozhje areas of Leningrad province. Together, the two companies employ around 140 people.
Svir Timbers Vice President Mikhail Bagryantsev has been appointed President of both companies.
Ilkka Hämälä, SVP, Supply Chain and Production, tel. +358 50 598 8617.
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