Tag: Karelia

CTS Invest to allocate RUR 2 billion into Pitkyaranta pulpmill modernization

CTS Invest company is going to invest RUR 2 billion into modernization and further development of Pitkyaranta pulpmill, according to the Forest portal of Karelia. This decision was announced at a press conference on July 01 attended by...

Kondopoga pulpmill launched PM5

Kondopoga pulpmill resumed production at one more papermaking machine, PM5, on June 13. Within first 16 days of June, the mill produced 23,684 tonnes of paper, including 23,213 tonnes of newsprint, out of which 82.5% were exported. Company’s...

Pitkyaranta pulpmill declared bankrupt

The Arbitration Court of Karelia admitted bankruptcy status of Pitkyaranta pulpmill, according to Forest Portal of Karelia. Thus, the court approved the application of the enterprise on its own insolvency. The mill opened bankruptcy proceedings for a period...

DOK Kalevala produced its first OSB panels

Chief Executive of DOK Kalevala (Petrozavodsk, Karelia) Valery Puchkov announced to LesPromInform journal that the mill produced its first OSB panels. At the moment, specialists of the mill complete start-up and commissioning to prepare the equipment for industrial...

Finland may become wood supplier for Karelia

Private Finnish forest owners are ready to supply wood to the Russian market, as head of the forest division of the Central Union of agricultural producers and forest owners in Finland Juha Hakkarainen said in an interview to...

Kondopoga newsprint mill is bankrupted, plans to launch second paper machine in mid-March

Petrozavodsk, March 13. Arbitrage court of Karelia regarded Kondopoga mill’s request on bankruptcy on March 06 and approved to introduce bankruptcy administration at the mill, with Andrei Yenkov appointed external mill manager. Liabilities of the mill exceed 13...

Bank Sankt-Peterburg to credit troubled Kondopoga pulpmill and suggests mill conversion

Petrozavodsk, February 05. Karelia governor Aleksandr Hudilainen announced that Bank Sankt-Peterburg was chosen as investor for troubled Kondopoga pulpmill. “We will be crediting the pulpmill, but we are not going to enter this business”, bank’s press service told...

Karelia to become the first Russian region to use intensive forest management

Petrozavodsk, November 22. Karelian government has agreed with Russian Forest Service (Rosleskhoz) that Karelia would become the first region to use intensive forest management methods, as announced by Karelian governor Aleksandr Hudilainen commenting on the results of the...

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...