Several Russian pulpmills announced falling sales in Jan-Sep 2012

Petrozavodsk-Perm-Chita, November 19. Last week, several pulp and paper mills in Russia published quarterly financial reports announcing falling sales in January-September 2012 year-on-year.

Kondopoga mill (Karelia) sales declined 4.25% down to 10.07 billion Rubles (€249.7 million). This large newsprint mill managed, however, to curtail net loss threefold to 361.4 million Rubles (€9 million).

Sales of another newsprint mill, Solikamskbumprom (Perm region), decreased by 1% down to 6.53 billion Rubles (€161.9 million). Net loss of the mill boosted five times year-on-year to reach 79.1 million Rubles (€2 million).

Selenga pulp and board mill declined its sales by 7.5% down to 1.6 billion Rubles (€39.7 million); net profit also decreased 3.23 times down to 44.32 million Rubles (€1.1 million).

Kondopoga mill produces newsprint and paperboard. Company’s share on the newsprint market in Russia is estimated at 39%. Solikamskbumprom is located in Perm region and produces newsprint. Selenga pulp and board mill deals in production of market pulp and a variety of cardboard and grocery bag paper brands.