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آرشیو برچسب های: alternatives to Russian wood

Crisis looms over Russian pulp and paper industry amidst sanctions and plummeting Chinese demand

The Russian pulp and paper industry is facing an acute crisis in product sales. The main reasons for this difficult situation are sanctions and a severe lack of demand in the Chinese market, exacerbated by exorbitant export logistics costs.

Pulp and paper mills, have been forced to cut down production volumes. In the first half of 2023, the volume of production of wood pulp in Russia decreased 3.5% to 4,267 thousand tons, according to Rosstat. The production of paper and cardboard declined 4.6% to 4,863 thousand tons.

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Mondi completes sale of three Russian converting operations

Following the announcement on 15 December 2022 of the agreement to sell its three Russian packaging converting operations to the Gotek Group for a total consideration of RUB 1.6bn, Mondi plc (“Mondi”) confirms that Gotek Group received all requisite approvals and the sale has now completed. Mondi has received net proceeds of €۳۰.4m from this disposal into its Austrian bank account.

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Essity to Sell Its Operations in Russia

Essity has signed an agreement with a buyer and the transaction has been approved by the Russian authorities, it said, adding that the deal was expected to be finalised during the second quarter of 2023.

The world’s second-biggest consumer tissue maker began work on exiting the Russian market in April, after taking a writedown of about 1.7 billion crowns ($157.25 million) on its assets in the country, the statement added.

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Paper Excellence shares insights from discussion on EUDR

Paper Excellence participated in the “Wood you find it?” event hosted by FSC International in Brussels to discuss the EU Deforestation Regulation (EUDR), approved in April by the European Parliament. Representatives of the European Commission responsible for the approved text, public policy makers, companies, NGOs and FSC leaders discussed together what are the biggest challenges for the implementation of the EUDR.

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