Results of the second EASTERN ECONOMIC FORUM

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Results of the second EASTERN ECONOMIC FORUM

0:21 28.12.2016

The second Eastern Economic Forum was held in Vladivostok city on September 2-3. The group of companies “BM Group” represented two investment projects on the forum. These projects are realized by “Asia Les” co. ltd. and “BM Sakhalin” JSC.

During the first day of the forum “Asia Les” co. ltd. as an investor of the investment project “The organization of production of the planed and pro-thinned-out timber in Berezovy township of Solnechny district of Khabarovsk Krai” signed an investment agreement with Ministry of Development of the Far East. There were a Plenipotentiary Representative of the Russian Federation President in the Far Eastern Federal District Yury Trutnev and the Minister for Development of the Far East - Galushka Alexander at the signing. With the support of the Government of the Russian Federation in 2016 - 2017 years, the company will receive a grant for the construction of transport and energy infrastructure in the amount of 847 million rubles.

Moreover, the agreement of intent to cooperate in the creation of the Far East timber industry cluster between the Government of Khabarovsk Krai, 'Bank for Development and Foreign Economic Affairs " State Corporation, “Asia Les” co. ltd. and "Management Company" RFP Group" LTD was signed at the second East economic forum on September 2,2016. The signing of this agreement will contribute to the development of forest resources in the Far East, as well as an increase in production capacity for wood processing.

Both investment projects of companies’ group were invited to take part in an exhibition “Welcome to the Far East”. Stands of the investment projects of “Asia Les” co. ltd. and “BM Sakhalin” clearly demonstrated the plants under construction in Khabarovsk Krai and the Sakhalin region, as well as showed the forest resources potential of the Far East.

Leaders of the companies also received an invitation from the organizers of EEF to take part in key sessions held at the Forum. Thus the General Director of “Asia Les” co. ltd. Alexander K. Pudovkin took part in the key session “Timber processing complex: to move to a new level”. He made a presentation of the investment project on the organization of production of the planed and pro-thinned-out timber in Khabarovsk Krai, also he told about the state support of the project as well as about prospects of project development the timber industry in general. As part of participation in the key session “New investor support mechanisms in the Far East” Alexander K. Pudovkin shared successful experiences of government support, which will positively affect the efficiency of the project.

In addition, there was held a working meeting of company leaders with Agency of the Far East on attraction of investments and support of export at the Forum. This meeting was aimed at joint cooperation in increase in investment appeal of the Far East.

The significance of the project for Khabarovsk Krai allowed the investment project of “Asia Les” co. ltd. to pass the selection procedure for participation in the second Eastern Economic Forum and to perform the project to a target group of investors (both Russian and foreign). There was noticed basic techno-economic activities of the project, social importance, basic finance indicators, tax and budget efficiency, as well as high profitability of production.

In general, the participation of company in the second Eastern Economic Forum allowed to establish good relations with Russian and foreign partners and share of business experience in the Far East.

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