Tag Archives: Koryazhma

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 […]

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 […]

Ilim Group Reviews 2021 Performance, Plans to Expand Exports to China

Ilim Group recently published a report on its performance in 2021. The company produced 3.64 million tons of finished products, and pulp continues to make-up the major share (2.16 million tons) of Ilim’s production volumes. Ilim continued to increase the share of packaging materials in its product portfolio. Last year this segment accounted for about […]

International Paper to explore strategic options for ownership interest in Ilim Group

International Paper announced its intention to explore strategic options, including the possible sale, of its 50% ownership interest in Ilim Group. International Paper has no intention to seek suspension of operations or initiate any liquidation or bankruptcy proceedings with respect to Ilim Group. In October of 2006, International Paper and Ilim Pulp announced the signing […]

Ilim Group Converts PM5 in Koryazhma to produce kraft paper

Ilim Group has made a decision to upgrade and convert its PM5 in Koryazhma, Russia, which is currently used to produce white papers, to unbleached packaging kraft paper. The conversion project will be completed by the end of 2022. In 2023, paper machine will produce 70 thousand tons of finished products for the fast-growing market […]

Russia’s Ilim Group to increase kraft paper production in years to come

The Ilim Group, one of the largest pulp and paper manufacturer in Russia plans to modernize and convert one of the paper machines at its production site in the city of Koryazhma.   So far, the plant has been primarily specializing on the production of white papers and, it is planned, it will switch on […]