Tag Archives: imports from Russia

Mondi completes sale of three Russian converting operations

Following the announcement on 15 December 2022 of the agreement to sell its three Russian packaging converting operations to the Gotek Group for a total consideration of RUB 1.6bn, Mondi plc (“Mondi”) confirms that Gotek Group received all requisite approvals and the sale has now completed. Mondi has received net proceeds of €30.4m from this […]

Essity to Sell Its Operations in Russia

Swedish hygiene products group Essity (ESSITYa.ST) has divested its operations in Russia, the company said in a statement on Saturday. The company said it did not expect to see a material financial impact from the winding down of its Russian business. Essity has signed an agreement with a buyer and the transaction has been approved by the […]

Paper Excellence shares insights from discussion on EUDR

Paper Excellence participated in the “Wood you find it?” event hosted by FSC International in Brussels to discuss the EU Deforestation Regulation (EUDR), approved in April by the European Parliament. Representatives of the European Commission responsible for the approved text, public policy makers, companies, NGOs and FSC leaders discussed together what are the biggest challenges […]

Kiilto ceased business activities in Russia

With the approval of the Russian authorities, Kiilto has now been able to sell all its Russian subsidiaries. After a transition period, Kiilto brands will no longer be sold in the Russian market. Kiilto began to look for a legally appropriate way to exit the Russian market in March 2022. In July 2022, Kiilto and […]

International Paper Reaches Agreement to Sell Ownership Interest in Ilim Joint Venture

International Paper today announced that it has entered into an agreement to sell its 50% interest in Ilim SA, the holding company for its Ilim joint venture (JV), to its JV partners for US$484 million equity value. The sale is subject to regulatory approvals in Russia. This transaction indicates ~$3.5 billion in total enterprise value […]

Exports of plywood from Russia to U.S. decline 90% in November

In November 2022, the exports of plywood from Russia to the U.S. declined 90% year-on-year to 6 thousand m3. the average price for plywood exported from Russia to the U.S. in November 2022 shot 210% compared to the previous month and amounted to $668 per m3. This is 29% less than a year ago when […]

Austrian Mayr-Melnhof Holz sells its only sawmill in Russia

Austrian Mayr-Melnhof Holz sold its sawmill MM-Efimovsky in Russia to Aspek-Les, according to the Unified State Register of Legal Entities of Russia. Since December 30, 2022, the owner of 100% of the shares of Mayer-Melnhof Holz Efimovsky LLC has become Aspek-Les LLC, which belongs to Mikhail Pitkevich. MM-Efimovskiy is no longer listed on the Mayr-Melnhof Holz website. The production […]

Ilim Group Nearing Start-up of New Kraftliner Machine at Ust-Ilimsk Mill in Russia

Ilim Group has successfully completed the first water run of the Voith XcelLine kraft linerboard machine (KLB machine) at the company’s new KLB Mill in Ust-Ilimsk, Russia. A start-up of the KLB machine is scheduled for Q2 2023. According to Ilim, individual tests of its main equipment are underway. In December (2022), the KLB Mill […]

Russian plywood production falls 38% in November

In January – November, Russia decreased plywood production by 28% y-o-y to 3.0 million m3. According to Rosstat, production of plywood in November fell 38%. Russian companies continue to export plywood to the U.S. despite high duties and low prices. In October, Russian producers exported 52 thousand m3 of plywood to the U.S., which is […]

Russia extends protective duties on rough-sawn lumber for three years

The Government of Russia has extended protective duties on rough-sawn lumber for three years until December 31, 2025, Interfax reported with reference to the Deputy Prime Minister Victoria Abramchenko. The increased rates apply to the exports of lumber with a moisture content of more than 22%, a thickness and a width of more than 10 cm. Export […]