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Sveza planning to take over Tyumen plywood works

08.12.2017 − 

Russian Sveza Group intends to take over Tyumen Plywood Plant. A release dated 21 November reveals that Sveza has already signed a purchase agreement with the current Tyumen owner and managing director Almira Karimova. The transaction, which is still subject to approval from the Russian competition authority, would involve of all the shares in Tyumen being transferred to Sveza. The deal is likely to be concluded in the first quarter of 2018.

Tyumen is specialised in manufacturing large-format birch plywood. The range of raw plywood covers boards for interior applications, WBP plywood, “Avia” plywood for applications in the aviation industry, in shipbuilding, and instrument making, as well as “Bakelite” plywood for exterior applications.

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