Tag Archives: rising prices for paper in Russia

Russian authorities reject sale of Mondi Syktyvkar mill for Euro 1.5 billion

The Russian authorities have not approved the sale of Mondi’s Syktyvkar mill in the Komi Republic, Russia. A possible reason is too high a transaction price. The Syktyvkar assets were planned to be sold to Augment  Investments Limited for RUB 95 billion (Euro 1.5 billion). Augment is an investment vehicle majority owned by Viktor Kharitonin, comprising […]

Amcor to sell factories in Russia

Amcor recently announced that it will be selling its three factories in Russia. This announcement is in line with its statement in March regarding scaling down activities and exploring strategic options for its Russia operations. Until completion of the sale, which is currently expected to occur in the second half of its 2023 fiscal year, […]

Ilim Group launches wastewater treatment system at new kraftliner mill in Ust-Ilimsk, Russia

Ilim Group is finalizing the construction of the largest kraftliner mill (KLB Mill) in Ust-Ilimsk, Russia. It is the first mill in the Russian pulp and paper industry to use a two-stage biological wastewater treatment system. The Ust-Ilimsk Mill will be the largest kraftliner production site in Russia with the output of 600 thousand tons of finished products […]

ARKHBUM-UPAK LLC eyes to become leading producer of paper bags in Russia

ARKHBUM-UPAK LLC, which is part of the Austrian group of companies Pulp Mill Holding GmbH, increased the production of bags from paper by 162% up to 71 million units in 2021, which became one of the record figures for the market. The company has also expanded its export range, while its share in the overall […]

Russia experiences sharp demand for sanitary and hygienic paper products

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 […]

No FSC material from Russia and Belarus until the invasion ends

FSC remains deeply concerned about Russia’s aggressive invasion of Ukraine and stands in solidarity with all victims of this violence. With full commitment to FSC’s mission and standards, and after a thorough analysis of the potential impact of withdrawal of FSC certification, the FSC International Board of Directors has agreed to suspend all trading certificates […]

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 […]

International Paper to consider stake sale in Russia’s Ilim Group

International Paper recently announced that it was exploring options for Russian paper producer Ilim Group, including a possible sale of its 50% stake. International Paper said it has no intention to seek the suspension of operations or initiate any liquidation or bankruptcy proceedings with respect to the group. Ilim Group, a 50/50 joint venture between […]

How Russia’s invasion of Ukraine impacts the European pulp and paper industry

A viewpoint from Alejandro Mata, Director of European Packaging and Graphic Paper It has been almost a week since the start of the Russian invasion of Ukraine. For many of us, the sheer shock of what is happening makes us realize how fragile our way of living is, and how fast things can change. Without minimizing the suffering […]

Russian paper producers continue modernization despite sanctions’ pressure from West

Despite the ongoing military conflict between Russia and Ukraine and associated with it negative economic environment in Russia, most of leading local paper producer plan to continue implementation of their previously announced investment projects.   One of them is the Perm Pulp and Paper Mill Group of Companies, which has recently announced the start of […]