Tag Archives: JSC Ilim Group

Ilim Group expands its footprint in the southwest of China

By 2025, the share of Ilim Group’s board supplies to the southwest of the People’s Republic of China will have increased three-fold from 5% to 16%, which is another 100 thousand tons of the finished products. Stepped-up deliveries will make the Company a key player on the pulp and paper market in the south-western China. […]

International Paper reports 9% year-over-year revenue growth in 2022

International Paper today reported full-year and Q4 2022 financial results.Q4 2022 net sales were $5,133 billion, compared to $ 5,086 billion in Q4 2021. Full-year 2022 net sales totaled to $21,161 billion, compared to $ 19,363 billion in 2021. Q4 2022 net earnings (loss) were $318 million including a $533 million non-cash impairment of its Ilim joint […]

International Paper Reaches Agreement to Sell Ownership Interest in Ilim Joint Venture

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 […]

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 […]

Russia’s Ilim Group to increase kraft paper production in years to come

The Ilim Group, one of the largest pulp and paper manufacturer in Russia plans to modernize and convert one of the paper machines at its production site in the city of Koryazhma.   So far, the plant has been primarily specializing on the production of white papers and, it is planned, it will switch on […]