Iida Group acquired for 500 million yen 25 percent stake in the Russian company “Primorsklesprom”. This year she plans to implement plans to organize the production of wooden houses and the construction of woodworking plant.
TOKYO, 26 Jan. Ivan Zakharchenko. Japanese Corporation Iida Group plans to spend 10 billion yen (of 84.3 million USD) on construction projects abroad, including in the far East of Russia, due to lower demand in Japan due to the aging of the population, according to the newspaper “Nihon Keizai” (“Nikkei”).
According to the newspaper, recently Iida Group for 500 million yen acquired a 25% stake in the Russian company “Primorsklesprom”. This year she plans to implement plans to organize the production of wooden houses and the construction of woodworking plant near Vladivostok.
Wood is expected to be partially available in Japan, reports Nikkei.
The Iida group of companies also plans to enter the construction market in the U.S., China and Southeast Asia.
