Tag Archives: Azerbaijan

Russian plywood exports down 41% in 2022

Russian plywood exports decreased by 41% to 2 million m3 in 2022. The export value fell by 39% to $1,2 billion. Europe and the USA have been the main markets for Russian plywood exporters. However, exports to Europe were vastly reduced due to sanctions imposed on Russia in 2022, and U.S. export duty on Russian […]

Russian Nicole-Pack invests in Uzbek flagship paper producer

The Russian company “Nicole-Pack” has completed implementation of the first stage of an investment project to modernize the production of paper products at Angren Pack, the largest paper and cardboard producer in Uzbekistan. The volume of investments is estimated at US$42 million. Sergei Kolesnikov, a co-owner of Nikol-Pak comments: “In June 2018, we bought out […]

BSTDB loan helps Turkish Corporate expand tissue capacity in Russia

The Black Sea Trade and Development bank (BSTDB) has provided a 7-year EUR 75 million loan to the Turkish Hayat Kimya Group for the construction of a new factory in Kaluga (Russia) producing cleansing tissue and towel paper.   The total project cost is EUR 134.5 million.  This will be the third Group’s production facility […]