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Russia Expands Cedar Industry Investment

Pubtime:2016-10-17Author:Source: Hits:

In the past three years, pine nut industry in Russia’s Tomsk region has already brought local investors nearly 9,4 million dollars. According to Sergey Zhvachkin, governor of this state, the number also demonstrates future prospects and opportunities of Russian pine nut industry for foreign and domestic investors and entrepreneurs.

Tomsk region now has about 3,5 million hectares of cedar forest which covers nearly two thirds of the whole region. Annual pine nut yield is between 8000 and 10000 tones which is nearly half of the whole Siberia’s pine nut yield. 20 pine processors built over 300 storage centers at the producing area and hired a lot of local employees and picking farmers. Siberia Nut Company said that 785 thousand dollars will be put into productivity promotion and expansion of current cedar candy product line at the end of this year. Current monthly yield can reach 270-300 tons and it is expected that it will increase to 320-350 tons.