Stockholm, 2012-04-19 11:11 CEST (GLOBE NEWSWIRE) --
RusForest AB's ("RusForest" or the "Company") 2011 Annual Report is as of today available for download from the Company's website: www.rusforest.com.
A printed version can be ordered by telephone +46 8 771 85 00; by fax +46 8 545 015 54; or by e-mail: moconnor@rusforest.com.
The annual general meeting of shareholders will be held at 3:00 p.m. on Thursday, 10 May 2012 at 7A Konferens on Strandvägen 7A, Stockholm, Sweden.
For further information please contact:
Martin Hermansson, CEO, phone: +7 903 015 64 65, +7 985 921 92 32
or
Mia O’Connor, Investor Relations, phone: +46 8 771 85 00
About RusForest AB (publ)
RusForest is a forestry and sawmilling company operating in Eastern Siberia and the Arkhangelsk region of Russia. The Company controls long term forest leases with an annual allowable cut of approximately 3.6 million m³, and utilizes these resources to produce a wide range of sawnwood products. Eastern Siberia is renowned for its pine and larch of exceptional quality, while the Arkhangelsk Region in northwest Russia has high quality spruce and pine forests similar to those found in northern Sweden.
RusForest's goal is to develop into a leading independent integrated forestry and sawmilling company in Russia with an annual harvesting of 2.7 to 2.9 million m3. The Group's total sawmilling capacity, which is currently approximately 350,000 m3, is expected to, following completion of on-going investments; gradually increase to 500,000 to 550,000 m3 of sawnwood. There is significant potential (of up to 800,000 to 850,000 m3 of sawnwood) within the maximum allowable harvesting.
RusForest AB's Certified Adviser on First North is Pareto Öhman AB.
