Pulp & Paper

Sylvamo, the world’s paper company, is announcing 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...

Large Russian timber companies have lately been purchasing design institutes to make them a part of their groups. Such institutes perform a series of design operations and render other services on renovation and greenfield construction of pulp and...

Dobroflot Group that specializes in canned fish production built a plant to produce cardboard packaging in Bolshoy Kamen (“Big Stone”) Advanced Development Territory within its own import substitution project, as reported on the company website. The investment value...

The city will provide a 2.4 ha area to the investor to build a production facility in Mitino District, according to the official website of the Moscow Mayor. The investment in the project is estimated at 1.6 billion...

The European Commission announced that the EU countries have approved the eighth package of sanctions against Russia. Additional restrictions include a ban on imports of wood pulp and paper from Russia. All imports of products from Russia, which...

The Industrial Development Fund (IDF) will provide Volga (the town of Balakhna, Nizhny Novgorod region) a preferential loan of 1.5 billion rubles, as the press office of the regional government reports. The loaned funds will be used for...

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...

Glavgosexpertiza of Russia (General Board of State Expert Review) issued a positive opinion on the design documentation and the results of the site investigation for the construction of a pulp and paper mill in Boguchansky district of the...

The Government is introducing temporary quotas for the export of recyclable paper and cardboard (waste paper) that will apply from September 3 to December 3, 2022. The quota will be 30,000 tons. The Ministry of Industry and Trade of...

Mondi plc has agreed to acquire the Duino mill near Trieste (Italy) from the Burgo Group for a total consideration of €40 million. The mill currently operates one paper machine producing lightweight coated mechanical paper. Mondi plans to...

Mondi PLC announced it had entered into an agreement to sell Syktyvkar mill, its most significant facility in Russia, for around €1.5 billion. The disposal is conditional on the approval of the Russian government. The deal is also...

Tetra Pak today announced that it will be exiting its remaining operations in Russia. This is due to the cumulative impact of the restrictions on exports to Russia leading to an unsustainable supply chain, as a result of...