The Russian packaging sector is facing with the deepest crisis in its modern history, as the ongoing military conflict between Ukraine and Russia and unprecedented sanctions, imposed on the country have resulted in the massive exodus of global packaging producers from the local market and posed a threat of the shortage of packaging in the […]
Tag Archives: Russian Association of Paper Producers
17
Feb
Feb
With the approval of the Russian authorities, Kiilto has now been able to sell all its Russian subsidiaries. After a transition period, Kiilto brands will no longer be sold in the Russian market. Kiilto began to look for a legally appropriate way to exit the Russian market in March 2022. In July 2022, Kiilto and […]
21
Dec
Dec
The Russian authorities have not approved the sale of Mondi’s Syktyvkar mill in the Komi Republic, Russia. A possible reason is too high a transaction price. The Syktyvkar assets were planned to be sold to Augment Investments Limited for RUB 95 billion (Euro 1.5 billion). Augment is an investment vehicle majority owned by Viktor Kharitonin, comprising […]
News
Finnish and American paper packaging manufacturers eye acquisition of EU factories of Russian Segezha Group
17
Dec
Dec
A number of Finnish and American paper packaging manufacturers are interested in the acquisition of European assets of the Russian timber and paper holding Segezha Group That has been recently confirmed by company’s president Mikhail Shamolin. According to the top manager, several offers have already been received from potential buyers and the holding is considering […]
13
Dec
Dec
Segezha Group is considering selling its European assets or forming joint ventures with a minority stake. According to Lesprom Network, the company has already received three offers from potential buyers, but the decision has not yet been made, explains Mikhail Shamolin, President of Segezha Group. As an alternative, Segezha Group is considering the possibility of […]
10
Dec
Dec
Sanctions on the import of birch and other wood raw materials from Russia led to an increase in the price of paper in the majority of EU countries, however, at present, the such negative effect is being reduced to a minimum, according to recent statements, made by some leading EU analysts in the field of […]
10
Dec
Dec
Latvia has become another country of the EU, which has faced with a significant increase of paper prices this year. According to some local media reports, prices for toilet paper rose from 30 euro cents to 60 per roll this year, while the growth of prices is ongoing. One of the major reasons for this […]
23
Nov
Nov
Russia plans to supply sodium chlorate from Uzbekistan, which is used to bleach pulp in the production of white paper. According to the data, agreements on this were concluded by the Russian delegation with Uzbek partners at the Innoprom forum in Tashkent. “Yes this is true. This is sodium chlorate, which is produced in Uzbekistan,” said […]
08
Oct
Oct
Sylvamo announced 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 approximately $390 million in cash proceeds. “We made a principle-based decision to exit Russia and believe Pulp Invest is the best option […]
23
Aug
Aug
Amcor recently announced that it will be selling its three factories in Russia. This announcement is in line with its statement in March regarding scaling down activities and exploring strategic options for its Russia operations. Until completion of the sale, which is currently expected to occur in the second half of its 2023 fiscal year, […]