A local branch of Universal Capital Bank is opened in Saint Petersburg.
Acquisition of 50% share of Delo (saw mill) in Priozersk. Les-Master Ltd. is set up as a provider of logistics services for Delo. Start of a long-term investment programme at Delo-LesMaster aimed at modernization of the mill.
Acquisition and modernization of LSK furniture factory.
ONIX computer division (sales of computers) becomes a separate company ONIX network technologies and computers.
Acquisition and modernization of production site TPK Gatchina-1. Start of thermal-pane windows production in Gatchina (Leningrad region). Creation of a new company Northern Windows for distribution of goods produced at the mill.