Tag Archives: Mikhail Shamolin

Segezha Group considers sale of its packaging plants in Europe

Segezha Group is considering selling its European assets or forming joint ventures with a minority stake. According to Lesprom Network, the company has already received three offers from potential buyers, but the decision has not yet been made, explains Mikhail Shamolin, President of Segezha Group. As an alternative, Segezha Group is considering the possibility of […]

Segezha Group expanded its reforestation area by 20 per cent in 2021

Segezha Group restored 34,835 ha of forest lands in Russia. The reforestation projects have been approved by the governing authorities. Thus, between May and November 2021, Segezha Group restored forests in Krasnoyarsk Krai (15,800 ha), Karelia Republic (8,200 ha), Vologda (5,100 ha), Arkhangelsk (4,300 ha), and Kirov (1,300 ha) Regions. The forest harvesting and restoration cycle […]

Russia’s Segezha Group to suspend production of pulp at its flagship Karelia mill by 2024-2025

Segezha Group, one of Russia’s largest timber holdings, will suspend the production of pulp at Segezha Pulp and Paper Mill in Karelia after the launch of a new enterprise of the Segezha West project by the end of 2024 – early 2025, according to recent statements, made by Mikhail Shamolin, head of Segezha Group during […]

Russia’s Segezha Group prepares for building of 1 million tonne pulp and paper mill in Krasnoyarsk Territory

Segezha Group, one of the largest Russian vertically integrated timber holdings, plans to consolidate Novoeniseysky LHK, a major forest chemical asset in the Krasnoyarsk Territory, where it intends to build a 1 million tonne pulp and paper mill. On May 21, Segezha group announced that it had signed an agreement to acquire a minority stake […]

Russia’s Segezha Group may raise as a result of IPO

Segezha Group, one of Russia’s largest timber holdings, may conduct an IPO already in the short-term. As a result of IPO, the main owner of Segezha Group, the Russian financial conglomerate AFK Sistema, plans to raise up to US$500 million, that will be used for the further development of the company, particularly some of large-scale […]