RCIF and Japan’s IIDA Group Holdings announce strategic partnership and investment in RFP Group, the largest forestry company in the Russian Far East

Press release, 08.12.2021

Moscow, December 8, 2021 – The Russia-China Investment Fund (RCIF, established by the Russian Direct Investment Fund and China Investment Corporation) and Japan’s IIDA Group Holdings announce the strategic partnership and investment in Russia Forest Products (RFP Group) - the largest forestry company in the Russian Far East.

The investment has been approved by the Government Commission on Monitoring Foreign Investment.

RCIF, IIDA and other shareholders are investing over RUB10 bn into RFP Group to increase the wood processing capacities. Currently the Company processes 50% of the lumber stock and aimes to be able to process all available roudnwood by 2025.

Strategic partnership with RCIF and RFP will allow IIDA to strengthen its leadership in wooden houses construction in Japan and diversify the supply base, while RFP’s products will obtain access to highly competitive Japanese market.

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Russia-China Investment Fund (RCIF) is a private equity fund established jointly by RDIF and CIC that aims to generate competitive returns by investing in projects that advance bilateral economic cooperation between Russia and China. Further information can be found at www.rcif.com

Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Currently, RDIF has experience of the successful joint implementation of more than 80 projects with foreign partners totaling RUB 2.1tn and covering 95% of the regions of the Russian Federation. RDIF portfolio companies employ more than 1 mn people and generate revenues which equate to more than 6% of Russia’s GDP. RDIF has established joint strategic partnerships with leading international co-investors from more than 18 countries that total more than $40 bn. Further information can be found at rdif.ru

Russia Forest Products (RFP Group) is the largest forestry company in the Russian Far East. RFP operates one of the largest wood-processing clusters with plants producing veneer, sawn wood and wood pellets. RFP’s strategy is leadership in the timber industry of the Far East, growth in sales in new markets and an increase in business efficiency. Further information can be found at https://www.rfpgroup.ru/

For additional information contact:

Alexey Urazov
Russian Direct Investment Fund
Director for External Communications

Mobile: +7 915 312 76 65
E-mail: Alexey.Urazov@rdif.ru

Andrew Leach / Maria Shiryaevskaya
Hudson Sandler

Tel: +44 (0) 20 7796 4133