Austrian Mayr-Melnhof Holz sold its sawmill MM-Efimovsky in Russia to Aspek-Les, according to the Unified State Register of Legal Entities of Russia. Since December 30, 2022, the owner of 100% of the shares of Mayer-Melnhof Holz Efimovsky LLC has become Aspek-Les LLC, which belongs to Mikhail Pitkevich. MM-Efimovskiy is no longer listed on the Mayr-Melnhof Holz website. The production […]
Tag Archives: Russian pulp and paper industry
06
Jan
Jan
Ilim Group has successfully completed the first water run of the Voith XcelLine kraft linerboard machine (KLB machine) at the company’s new KLB Mill in Ust-Ilimsk, Russia. A start-up of the KLB machine is scheduled for Q2 2023. According to Ilim, individual tests of its main equipment are underway. In December (2022), the KLB Mill […]
20
Dec
Dec
The Mayr-Melnhof Group (MM) has sold its two Packaging sites in Russia, St. Petersburg and Pskov, to the local investor Granelle following approval by the governmental authorities. The selling price amounts to approx. EUR 134 million. In 2021, the plants generated combined sales of approx. EUR 124 million. The transaction is expected to have a […]
08
Oct
Oct
Sylvamo announced it reached an agreement and completed the sale of its Russian operations to Pulp Invest Limited Liability Company for $420 million. After foreign currency exchange rates and transaction fees, Sylvamo received approximately $390 million in cash proceeds. “We made a principle-based decision to exit Russia and believe Pulp Invest is the best option […]
06
Sep
Sep
Huhtamaki has sold its operations in Russia to Espetina Ltd. Espetina is a holding company owned by Alexander Govor and Iury Kushnerov. The transaction includes four manufacturing units in Russia, employing 724 people. On April 14, 2022, Huhtamaki announced its intention to divest its operations in Russia. This followed an earlier decision to stop all […]
05
Sep
Sep
The Russian billionaire Alexander Govor has made a bid for Finnish packaging giant Huhtamäki’s Russian operations amounting to 151 million euro, Reuters reports. Alexander Govor has previously taken over McDonald’s former restaurants in Russia. After the invasion of Ukraine, Huhtamäki retreated from Russia. Govor is willing to pay up to 151 million euros for Huhtamäki’s […]
22
Aug
Aug
Potential sale UK- and Austria-based Mondi has announced it has entered into an agreement to sell its Russia-based facility, Mondi Syktyvkar, along with two affiliated entities to Augment Investments Ltd for some RUB 95 billion (€1.5 billion). “The Disposal is conditional on the approval of the Russian Federation’s Government Sub-Commission for the Control of Foreign […]
15
Aug
Aug
Starting from October 21, 2019 pulp production of Arkhangelsk PPM JSC has switched to the utilization of hydrogen peroxide as a bleaching agent, thus displacing sodium hypochlorite used before. This change in the bleaching technology will let APPM fully produce bleached kraft pulp under ECF technology (without using chlorine). The technology is a universally recognized […]
14
Aug
Aug
Mondi Group agreed to sell its Russian Syktyvkar plant to Augment Investments Limited owned by Russian billionaire Viktor Kharitonin for 95 billion rubles ($1.5 billion). The assets in Russia will be transferred to Augment as part of the proposed disposal excluding a cash balance. Mondi’s London-listed shares jumped 11% on the news, as the company said […]
11
Aug
Aug
Ilim Group is finalizing the construction of the largest kraftliner mill (KLB Mill) in Ust-Ilimsk, Russia. It is the first mill in the Russian pulp and paper industry to use a two-stage biological wastewater treatment system. The Ust-Ilimsk Mill will be the largest kraftliner production site in Russia with the output of 600 thousand tons of finished products […]