|
International Paper began its activity in Russia in 1998 with the acquisition of the Svetogorsk mill, located on the Karelian Isthmus. Since then, International Paper has invested over $500 million in mill upgrading projects, resulting in an enlarged range of products as well as increasing levels of productivity and quality.
International Paper is one of the leaders in the Russian cut-size market with its well-known office paper brands Ballet(R) and Svetocopy(R), manufactured at the Svetogorsk mill. The mill is also an important producer of liquid packaging board.
In October 2007, International Paper formed a joint venture with Ilim Holding: Ilim Group, the largest foreign-domestic alliance in the Russian forest sector. Read the related news release.
A key element of the joint venture strategy is a long-term investment program in which the joint venture will finance and invest approximately $1.5 billion in Ilim Group's four mills over approximately five years. This unprecedented investment in the Russian pulp and paper industry will be used to upgrade equipment, increase production capacity, and allow for producing new high-value uncoated paper, pulp and corrugated packaging products.
To learn more about Ilim Group, visit http://www.ilimgroup.com. | 
