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Tag: Ilim Group

Ilim Group became the largest timber harvesteing enterprise in Russia in 2022

3 July 2023 ` 15:20  
According to data of Roslesinforg, the amount of timber harvested in Russia decreased by 13.5% YoY to 194.6 million m³ in 2022, of which 37.1% (72.1 million m³) was accounted for by the twenty largest harvesting enterprises (the...

Ilim Group supplied 1.7 million tons of products to China in 2022

9 March 2023 ` 22:29  
Wood pulp accounted for 1.359 million tons (+10% YoY) and cardboard, for 360,000 tons (+56% YoY) out of 1.7 million tons of finished products. The total volume of Ilim’s supplies to China increased by 266,000 tons in 2022....

Russian Timber Journal 02-2023: interview with Yuri Strezhen, CEO at Praktika Group; state support measures for the Russian timber industry affected by the sanctions pressure; China reduced log imports from all the main suppliers in 2022; Vladimir Putin proposed to grant enterprises a deferment on forest area lease payments for unharvested timber; the Government of the Russian Federation increased the maximum amount of compensation for the expenses of timber enterprises for the transportation of their products; in 2022, Russia reduced the volume of logging by 13.5% to 194.6 million m³, according to Roslesinforg; Russian Railways resumed accepting sawn timber for export shipments through Kazakhstan; International Paper reaches agreement to sell ownership interest in Ilim joint venture; Segezha Group may reorient the Segezha West project to new products; the volume of furniture export from Russia dropped by 39% YoY in 2022, down to 29.5 billion rubles; Luzales and Slotex acquire Russian assets of IKEA

Russian Timber Journal 02-2023: Yuri Strezhen, CEO at Praktika Group: “This is a good time to improve the efficiency of both production and administrative processes of enterprises”; support measures mentioned by the business, relevant agencies, regions, the Government...

International Paper reaches agreement to sell ownership interest in Ilim joint venture

26 January 2023 ` 11:38  
International Paper announced that it has entered into an agreement to sell its 50% interest in Ilim SA, the holding company for its Ilim joint venture (JV), to its JV partners for $484 million equity value. The sale...

Ilim Group will allocate over RUB 18 billion for environmental projects in Bratsk in the next five years

12 July 2022 ` 17:53  
In the next five years, the Company will invest over RUB 18 billion in the initiatives aimed at improving environmental performance of the Mill. In particular, 11 projects worth RUB 6 billion aimed at reducing emissions and seven...

Russian Timber Journal 05-2022: interview with Alexander Shangin, CEO, Vologodskiye Lesopromyshlenniki Group; roaring demand in 2021 caused a consumption/supply imbalance in the Russian MDF/HDF market; Rosleskhoz urges for reduced liability of forest users operating LesEGAIS; plywood production continues to decline in Russia; Valmet’s withdrawal from Russia is progressing; Rehau to withdraw business in Russia

Russian Timber Journal 05-2022: Alexander Shangin, CEO, Vologodskiye Lesopromyshlenniki Group: “Substantial assistance to systemically important federal-level enterprises is currently non-existent”; roaring demand in 2021 caused a consumption/supply imbalance in the Russian MDF/HDF market; Rosleskhoz urges for reduced liability of forest users...

In 2021, Ilim Group increases corrugated board output by 9%

18 February 2022 ` 20:30  
In 2021, the output of Ilim Group corrugated box plants reached a record-high level of 282 million m² (131,000 tons). The Company has increased the output of corrugated board by 9% YoY. Over the last three years, Ilim’s...

Ilim Group may make an IPO

24 January 2022 ` 21:16  
Ilim Group is considering the possibility of making an IPO as one of the alternatives for company development; it is negotiating with banks to that effect, Interfax reports. “The decision has not been made and will depend on...

Ilim Group posted revenue of over USD 1.26 billion in 1H 2021

21 September 2021 ` 14:51  
In 1H 2021, the Company delivered 1.839 million tons of products. Owing to an extensive upgrade of the Bratsk Mill and rebuild of the softwood pulp line of the Ust-Ilimsk Mill completed in 2020, the Company intends to...