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 […]
Tag Archives: Sanctions against Russian paper industry
13
Jun
Jun
Swedish hygiene products group Essity (ESSITYa.ST) has divested its operations in Russia, the company said in a statement on Saturday. The company said it did not expect to see a material financial impact from the winding down of its Russian business. Essity has signed an agreement with a buyer and the transaction has been approved by the […]
29
May
May
The Russian packaging sector is facing with the deepest crisis in its modern history, as the ongoing military conflict between Ukraine and Russia and unprecedented sanctions, imposed on the country have resulted in the massive exodus of global packaging producers from the local market and posed a threat of the shortage of packaging in the […]
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 […]
05
Feb
Feb
In 2022, the production of particleboard and OSB in Russia decreased by 10.5%, to 10.3 million m3, and this of fibreboard and MDF declined by 12.1%, to 649 million m3. Plywood output fell by 28.8% to 3.24 million m3. The reason for the decline in the production of wood-based panels was the closure of the […]
10
Jan
Jan
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 […]
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 […]
13
Dec
Dec
Segezha Group is considering selling its European assets or forming joint ventures with a minority stake. According to Lesprom Network, the company has already received three offers from potential buyers, but the decision has not yet been made, explains Mikhail Shamolin, President of Segezha Group. As an alternative, Segezha Group is considering the possibility of […]
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 […]
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