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: European Commission
31
Dec
Dec
In January – November, Russia decreased plywood production by 28% y-o-y to 3.0 million m3. According to Rosstat, production of plywood in November fell 38%. Russian companies continue to export plywood to the U.S. despite high duties and low prices. In October, Russian producers exported 52 thousand m3 of plywood to the U.S., which is […]
30
Dec
Dec
The Government of Russia has extended protective duties on rough-sawn lumber for three years until December 31, 2025, Interfax reported with reference to the Deputy Prime Minister Victoria Abramchenko. The increased rates apply to the exports of lumber with a moisture content of more than 22%, a thickness and a width of more than 10 cm. Export […]
News
Ilim Group completes successful test run of kraft linerboard machine at Ust-Ilimsk mill in Russia
29
Dec
Dec
Ilim Group has successfully completed the first water run of the XcelLine kraft linerboard machine (KLB machine) – the key equipment of the company’s new KLB Mill in Ust-Ilimsk, Russia. A start-up of the KLB machine is scheduled for Q2 2023. Individual tests of its main equipment are underway. In December, the KLB Mill facilities were […]
29
Dec
Dec
this should not come as a big surprise after our previous report on the condition of russian pellet export , now ULK Group, the largest sawmill company in the Northwest of Russia, will stop all of its pellet production facilities due to lack of sales. The company has already completely stopped the pellet plant in […]
News
Russia cannot compensate for stop of exporting wood pellets to Europe with deliveries to other markets
28
Dec
Dec
Since July, after the start of the EU sanctions, South Korea became the only export destination for Russian producers of wooden pellets. However, the volume of pellets sent to this country cannot compensate for the reduction in supplies to Europe. In November 2022, Russia tripled exports of fuel pellets to South Korea to 65 thousand […]
06
Dec
Dec
A proposal for a revised Packaging and Packaging Waste Regulation, tabled today by the European Commission, builds on the performance of the EU industry’s recycling model for paper and board packaging. The paper industry now calls for a science-based evaluation of recyclable and reusable options. Recycling is today the first source of fibre for the […]
News
Nijhuis Saur Industries completes the acquisition of Veolia’s European mobile water services division
03
Dec
Dec
Nijhuis Saur Industries (part of Saur Group) announces that it has finalized the Group’s acquisition of Veolia’s European Mobile Water Services division based on the anti-trust commitments made by Veolia to the European Commission. The former Mobile Water Services will now become Nijhuis Saur Industries’ Mobile Water Solutions division, one of Europe’s leading providers of […]
News
European Commission proposal on packaging and packaging waste could build a world class circularity model where reuse and recycling are complementary
03
Dec
Dec
A proposal for a revised Packaging and Packaging Waste Regulation, tabled today by the European Commission, builds on the performance of the EU industry’s recycling model for paper and board packaging. The paper industry now calls for a science-based evaluation of recyclable and reusable options. Recycling is today the first source of fiber for the pulp and paper sector and ‘circularity’ is part of a business model that places Europe as the global recycling champion. In the EU, paper and board packaging are recycled more than all other […]
Articles
New study shows paper industry could increase on-site renewable electricity and heat generation
01
Dec
Dec
A new study commissioned by Cepi to AFRY, a Scandinavian firm supplying engineering and advisory services, shows the untapped further potential for paper mills to function as renewable energy hubs. The pulp and paper industry could increase its on-site renewable electricity and heat production and, through a ‘swing capacity effect’, sell any excess energy production […]
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