After removing the restrictions related to COVID-19, Arkhbum JSC started the implementation of the first stage of the investment project in the Volga Federal District - the construction of a new corrugated board plant in Ulyanovsk, Russia.
Currently, a set of works is underway to prepare the facility for comprehensive reconstruction, including modernization of the administrative building, installation of on-site engineering networks and communications (gas, electricity, water, sewage), construction of roads and related infrastructure facilities.
In addition to the existing BHS corrugator, two BOBST conversion lines will be installed in the Ulyanovsk branch of Arkhbum. The installation will begin at the end of this year.
Due to the force majeure situation associated with the pandemic, the company expects to launch a new corrugated plant in March 2021.
In 2021-2023, Arkhbum JSC will begin the implementation of the second stage of the reconstruction of the Ulyanovsk site: it is planned to install four more processing lines, to increase storage facilities, etc. The cost of the company's program is estimated at RUB 2.5 billion.
As previously reported, the capacity of the new production in Ulyanovsk for the production of corrugated packaging and corrugated cardboard is 16 million m² per month (annual potential is 192 million m²).
Market potential of the Volga Federal District is estimated at almost 1.4 billion m² per year.
Arkhbum JSC is a daughter company of Arkhangelsk PPM JSC (sole shareholder – Pulp Mill Holding). The main business area is corrugated packaging.