Ilim Group launches integrated investment project Big Ust-Ilimsk at Ilim's Mill in Ust-Ilimsk, Russia, as the company says in the press release received by Lesprom Network.
The Big Ust-Ilimsk project includes construction of a new line for production of kraftliner and other packaging materials with a capacity of 600 thousand tons per year. Total investments in the project will be around $1 billion with implementation to be completed by the end of 2021. The Company will also perform a large-scale upgrade of the existing operations in order to increase pulp output by 130 thousand tons per year.
Project implementation will drive the Mill capacity up to 1.5 million tons of finished products per year with an initially installed capacity of 550 thousand tons per year.
The Ust-Ilimsk Mill will thus become one of the leading pulp and paper manufacturers in the world. Ilim Group is currently preparing a set of documents required to classify the Big Ust-Ilimsk as a priority investment project in terms of forest management.
Ilim Group CEO Kseniia Sosnina said: “The Big Bratsk project drove a step change in softwood pulp output volumes while the delivery of the Big Koryazhma project resulted in higher production volumes of high-quality white papers. Delivery of the Big Ust-Ilimsk project will help us to reinforce our presence in the packaging segment, primarily in the growing Asian markets. Upon completion of the project in Ust-Ilimsk and upgrade of the Bratsk Mill, Ilim will become one of the largest manufacturers of unbleached packaging materials globally with a total board output of 1.5 million tons per year, bringing an aggregate production output of Ilim Group to over 4.3 million tons per year”.
Ilim Group is the leader of the Russian pulp and paper industry in terms of market share, output and investment volumes, and one of the industry leaders globally.
