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 […]
Tag Archives: russia
News
Crisis looms over Russian pulp and paper industry amidst sanctions and plummeting Chinese demand
01
Aug
Aug
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 […]
17
Feb
Feb
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 […]
21
Dec
Dec
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 […]
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 […]
05
May
May
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 […]
News
Selenginsky pulp and paper mill eyes to become leading paper and cardboard producer in Russian Siberia
19
Mar
Mar
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 […]
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 […]