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آرشیو برچسب های: Ilim Group

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Ilim Group appoints new CEO

منتشرشده در by Maxwell
13
آبان

The Board of Directors appointed Aleksei Lomko as Chief Executive Officer of  Russian JSC Ilim Group effective from October 30, 2023. Aleksei Lomko is one of key opinion leaders in corporate law, management, legal support, and re-engineering of large companies.

 

Mr Lomko is a graduate of the Ural Legal Academy and holds MBA degrees from the Northwestern University (U.S.) and Hong Kong University of Science and Technology.

He joined Ilim Group in 2005 as Deputy Director Legal.

Aleksei stood at the origin of the corporate formation of Ilim Group. In 2007, he took charge of the Group’s Legal Department that provided legal support for the establishment of a Russian-American joint venture and its investment activity.

When the management architecture was changed in 2013, Mr Lomko was appointed Vice President Legal and later in 2018 became Senior Vice President Legal. He interacted directly with the Board of Directors and served as acting CEO on multiple occasions.

Aleksei received awards for his excellent performance, including those from Ilim Group’s Board of Directors.

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International Paper reports Q3 2023 results

منتشرشده در by Maxwell
08
آبان

International Paper recently reported third quarter 2023 financial results.

Q3 2023 highlights include:

 

  • Net earnings of $165 million ($0.47 per diluted share); Adjusted operating earnings (non-GAAP) of $224 million ($0.64 per diluted share)
  • $۷۵ million of earnings achieved from Building a Better IP initiatives, bringing year-to-date to $195 million, exceeding full-year targets
  • Cash provided by operations of $468 million, bringing year-to-date to $1.3 billion
  • Returned $160 million to shareholders in dividends, bringing year-to-date to $679 million in share repurchases and dividends
  • Completed the sale of our Ilim Joint Venture interest for $508 million

 

“Our third quarter results came in as expected, and we are encouraged by continuing demand recovery across our portfolio,” said Mark Sutton, Chairman and Chief Executive Officer. “We exceeded our full-year target for Building a Better IP through commercial and process improvement initiatives. Our operations continue to perform reliably with a focus on controlling costs. However, in this challenging macro environment, we are not satisfied with our absolute results. We are taking actions to structurally reduce fixed costs in our mill system, while optimizing our supply chain and investing in our box capabilities to grow with customers.”

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Ilim Group enters into a strategic partnership agreement with China’s Xiamen C&D Inc

منتشرشده در by Maxwell
03
آبان

Ilim Group presented to Chinese partners its new pulp and paperboard mill (the KLB Mill) in Ust-Ilimsk. The Mill’s output will reach 600 thousand tons of kraftliner per year. Thereby, Ilim’s aggregate exports to China will surge to 2.4 million tons per year

Ilim has been operating in the Chinese market for over 27 years. More than 500 mills in 20 regions of China have become the consumers of Ilim’s products since the cooperation began. By developing in the world’s largest market through its go-to-market strategy, Ilim Group has become No. 1 supplier of virgin corrugating materials to China. At last year’s end,

 

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Ilim Group appoints Alexey Chernyaev as Acting CEO

منتشرشده در by Maxwell
14
مرداد

The Board of Directors of JSC Ilim Group appointed Alexey Chernyaev as acting CEO.

Alexey Chernyaev began his career with the Company in 2016. He has over 15 years of work experience in managerial positions in purchasing, production, supply chain and capital project management in industrial companies with world-class manufacturing standards and safety culture in Russia and abroad.

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

منتشرشده در by Maxwell
13
مرداد

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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Ilim Group expands its footprint in the southwest of China

منتشرشده در by Maxwell
09
فروردین

By 2025, the share of Ilim Group’s board supplies to the southwest of the People’s Republic of China will have increased three-fold from 5% to 16%, which is another 100 thousand tons of the finished products.

Stepped-up deliveries will make the Company a key player on the pulp and paper market in the south-western China. The supply volumes will be boosted partly owing to the products from Ilim Group’s new pulp and paper mill (the KLB Mill) in Ust-Ilimsk. The production capacity will amount to 600,000 tons of KLB per year, and today Ilim keeps on implementing its go-to-market strategy.

 

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