Modern wood processing technologies (STOD)

LLC Modern Wood Processing Technologies (STOD) is engaged in the production of high-strength multilayer timber glued from veneer - Ultralam LVL. The company provides cost-effective material for the construction of light-carrying, environmentally friendly, heat-saving houses, agricultural, sports facilities, reconstruction of the old fund, construction of attics.

History

2022: Introduction of external management

Creditors "STOD" voted for the introduction of external management. This was announced by ВЭБ.РФ on August 18, 2022.

VEB financed project constructions of the plant for the production of oriented chip (OSP) plates and glued timber LVLfrom veneer in, and Tver region as a collateral creditor is interested in preserving the collective and profile of the enterprise.

We support the transition to external management, this is an important stage in the life of STOD. The asset is of high quality, the woodworking complex is fully equipped with special equipment for Russia. We look forward to expanding the geography of product sales, which is especially important taking into account market conditions, - said ВЭБ.РФ Managing Director Alexander Ivanov.

We hope that STOD will be able to reach the design capacity and offer all creditors a rehabilitation plan. The possibility of attracting strategic investors is also being considered, - said Alexander Ivanov.

Modern Wood Processing Technologies LLC was declared bankrupt in January 2022 at the request of creditors, the decision of the Arbitration Court of St. Petersburg and the Leningrad Region at the enterprise introduced a bankruptcy procedure.