| +7 985 939 85 52
130 clients in 15 countries within 7 years of timber market research
WhatWood Blog Pulp & Paper In Q3 2020, International Paper's loss from participating in Ilim Group reached $33 million

In Q3 2020, International Paper’s loss from participating in Ilim Group reached $33 million

4 December 2020 ` 18:05  

In Q2 2020, a profit of $63 million was reported. Deteriorating financial performance was caused by higher planned maintenance expenses. Besides, reduced prices for wood pulp and paper in the domestic and foreign market was compensated by growing volumes of shipments to China. The company registered a cashless loss of $55 million after tax from participation in the Group; Q2 2020 ended with a cashless after-tax profit of $34 million.

Prev pageJapan declines a wooden house construction Next pageIn Q3 2020, timber cargo transportation by railway in Russia increased by 4%

What do you think?

You must be logged in to post a comment.