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 […]
Tag Archives: Koryazhma
06
Jan
Jan
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 […]
09
Apr
Apr
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 […]
17
Mar
Mar
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 […]
19
Nov
Nov
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 […]
11
Nov
Nov
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 […]