Russian Timber Group Limited is a Jersey registered holding company for a group with assets in Russia and China.
Russian Timber Group Limited (formerly Tynda Forest Holdings Limited) (“RTG” or the “Company” or the “Group”) was established in 2004 by Mr Peter Hambro and Dr Pavel Maslovsky, the founders of Peter Hambro Mining plc and Aricom plc. In July 2005, the Group acquired a controlling interest in OAO LPK TyndaLes, an Amur Region based forest products company. In June 2006 the Group acquired OOO LPKH Taezhny, another Amur region based forestry company.
In March 2007, the Company acquired Hupex Forest Assets Management Limited and their harvesting and wood processing operations in the Irkutsk region. At the same time the Group acquired a controlling interest in Heilongjang Far East Forest Co Ltd, a Chinese based wooden flooring company through the acquisition of Universe On International Limited.
The forestry operations of the Group are currently located in the Irkutsk and Amur regions of Siberia and the Russian Far East.
Both regions are served well by the Trans Siberian and BAM railroads. Much of the forest products are exported as roundwood and sawn timber to the fibre deficit Asian markets of Japan, China and the Koreas.
