Ilim Group to invest 1.6 bln USD in 2008
Thursday, 10 January 2008

Pulp-and-paper production volume at the companies of Ilim Group in 2007 made up 2 mln 587 thousand ton, i.e. by 4.8% more as compared to 2006. Market pulp production increased by 4.8% up to 1 mln 555.9 thousand ton, cardboard production reached 755.7 thousand ton (+0.1%). Pulp cooking volume increased by 2.4% up to 2 mln 539.3 thousand ton.

Harvesting volume at Group’s harvesting companies increased by 7.4% up to 7.12 mln cubic meters. Volume of timber deliveries performed by own companies reached 6.53mln cubic meters (+7.4%). 

Major plan of Ilim Group in 2008 includes investment programme of 1.6 bln USD. The company intends to invest money in infrastructure development, equipment and machinery modernization. With support of International Paper (IP) Ilim Group is to reach world standards in the field of paper and package production. 

Reference: 
JSC Ilim Group was registered in St. Petersburg 27 September, 2006. In 2007 such companies as JSC Kotlas pulp-and-paper mill, JSC Pulp-and-cardboard mill, JSC Bratsk complex holding and JSC PO Ust-Ilimsk LPK joined Ilim Group. JSC Ilim Group has been working as a united company since 2 July, 2007. 

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