Tag Archives: russia

Sustainable packaging fuels growth and innovation in specialty papers, new Smithers data reveal

Demand for more greener packaging is aligning with innovation in industrial applications to future drive sales of specialty papers, according to the latest Smithers research. Data from its new study – The Future of Specialty Papers to 2028 – show  production of these engineered premium paper grades will reach 26.52 million  tons in 2023, up […]

Mondi to sell Mondi Syktyvkar to Sezar Invest

Mondi plc announces that it has entered into an agreement to sell its last remaining facility in Russia, Joint Stock Company Mondi Syktyvkar, together with two affiliated entities to Sezar Invest LLC for a total cash consideration of RUB 80 billion. Mondi confirms that both the Russian Federation’s Federal Anti-Monopoly Service and the Government Sub-Commission […]

Crisis looms over Russian pulp and paper industry amidst sanctions and plummeting Chinese demand

The Russian pulp and paper industry is facing an acute crisis in product sales. The main reasons for this difficult situation are sanctions and a severe lack of demand in the Chinese market, exacerbated by exorbitant export logistics costs. Pulp and paper mills, have been forced to cut down production volumes. In the first half […]

Kiilto ceased business activities in Russia

With the approval of the Russian authorities, Kiilto has now been able to sell all its Russian subsidiaries. After a transition period, Kiilto brands will no longer be sold in the Russian market. Kiilto began to look for a legally appropriate way to exit the Russian market in March 2022. In July 2022, Kiilto and […]

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 […]

EU ready to reduce its dependence on Russia in its paper sector in 2023

Sanctions on the import of birch and other wood raw materials from Russia led to an increase in the price of paper in the majority of EU countries, however, at present, the such negative effect is being reduced to a minimum, according to recent statements, made by some leading EU analysts in the field of […]

Latvia became another EU state, which faces with sharp increase of paper prices

Latvia has become another country of the EU, which has faced with a significant increase of paper prices this year. According to some local media reports, prices for toilet paper rose from 30 euro cents to 60 per roll this year, while the growth of prices is ongoing. One of the major reasons for this […]

Chinese scientists turn black coal by-product into white paper

More than 2,000 years after the invention of paper in China, the country’s scientists are claiming another breakthrough that replaces its key ingredient with the dirty waste from coal-fired power plants. The result – which is almost indistinguishable from paper made from wood pulp – achieves a more than 90 per cent match to pure […]

Selenginsky pulp and paper mill eyes to become leading paper and cardboard producer in Russian Siberia

Selenginsky pulp and paper mill (SCCC), one of Russia’s largest paper mills, located in Buryatia Republic will be modernized with the cost of the project more than RUB2 billion (US$26 million), according to press service of the government of the republic. The main purpose of the planned modernization is to improve the quality of finished […]

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 […]