Tag Archives: Russia paper mills

Mondi Seeking Divestment of Its Paper and Packaging Operations in Russia

Mondi announced that after having assessed all options for the Group’s interests in Russia and recognizing its corporate values and stakeholder responsibilities, its Board has decided to divest the Group’s Russian assets. Mondi’s most significant facility in Russia is a wholly owned paper mill located in Syktyvkar (Komi Republic). The fully integrated pulp and paper […]

Stora Enso divests its sawmills and forest operations in Russia

Stora Enso has entered into an agreement to divest its two sawmills in Russia. The Company’s Nebolchi and Impilahti sawmills will be divested to local management. In addition, the divestment includes Stora Enso’s Russian forest operation which through its harvesting supplies wood to the sawmills.   Stora Enso’s assessment is that due to the uncertainties […]

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 […]

Sanctions against Russian exports will permanently alter the global trade of forest products

Lumber trade flows changed almost instantly when Russia invaded Ukraine in late February. Trade sanctions and restrictions in financial transactions by Europe, North America, and major markets in Asia halted shipments from Russia and Belarus. In addition, exports from Ukraine were also disrupted. The total lumber exports from the three countries in the war zone […]

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 […]

Pulp and paper industry in Ukraine at a standstill

With the beginning of Russia’s war against Ukraine, practically all Ukrainian pulp and paper companies have stopped production during the afternoon of 24 February. This was announced by Eduard Litvak, Managing Director of the Ukrainian Pulp and Paper Industry Association UkrPapir, based in Kiev, upon request. Mr Litvak explained that the military operations taking place […]

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 […]