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 […]
Tag Archives: russia-ukraine
10
Dec
Dec
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 […]
10
Dec
Dec
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 […]
11
May
May
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 […]
08
May
May
Huhtamaki has decided to initiate the process to divest its operations in Russia. This follows an earlier decision to stop all investments in Russia at the outbreak of the invasion of Ukraine. Huhtamaki considers that the current evolution of the situation and the long-term outlook in Russia will prevent the realization of its growth strategy […]
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 […]
19
Mar
Mar
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 […]
17
Mar
Mar
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 […]
15
Mar
Mar
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 […]
15
Mar
Mar
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 […]
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