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: Moscow
20
Apr
Apr
The volume of paper production in the Russian city of Moscow grew by almost 30% during the period of January-November, 2021 year-on-year basis, according to recent statements and data, provided by Moscow regional authorities. The achieved growth was confirmed by Vladimir Yefimov, Deputy Mayor of Moscow for Economic Policy and Property and Land Relations, according […]
19
Mar
Mar
The demand for sanitary and hygienic paper products as well as paper packaging in Russia is steadily growing with a simultaneous decline of demand for newsprint, according to some leading Russian paper producers and local media reports. According to analysts, there is a trend towards the re-profiling of specialized enterprises in paper sector of […]
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 […]
01
Mar
Mar
The demand for sanitary and hygienic paper products as well as paper packaging in Russia is steadily growing with a simultaneous decline of demand for newsprint, according to some leading Russian paper producers and local media reports. According to analysts, there is a trend towards the re-profiling of specialized enterprises in paper sector of […]
24
Dec
Dec
The first food packaging made of laminated cardboard, which decomposes in soil in six months, was developed in Russia by the local OSQ company. According to the company, laminated craft packaging, when it gets into the ground, decomposes by 100% within six months and has no analogues in Russia. For comparison, plastic food packaging […]
02
May
May
The city of Moscow and the Moscow region remains one of the centers of pulp and paper production in Russia, that will continue to grow in years to come, despite the pandemic and associated with these negative economic consequences, according to latest statistics from state sources and some local media reports. In Q1 2021 […]