Ilim Group management discussed progress of the Big Bratsk investment project
Jun 08, 2012. On June 7, Ilim Group management had a meeting with Sergey V. Eroschenko, Governor of the Irkutsk Oblast, Russia. The meeting was also attended by Directors of International Paper, strategic partner of Ilim Group. The meeting was held during Ilim Group and International Paper Board of Directors’ visit to Siberia for a Big Bratsk progress review.
Jun 08, 2012. /Lesprom Network/. On June 7, Ilim Group management had a meeting with Sergey V. Eroschenko, Governor of the Irkutsk Oblast, Russia. The meeting was also attended by Directors of International Paper, strategic partner of Ilim Group. The meeting was held during Ilim Group and International Paper Board of Directors’ visit to Siberia for a Big Bratsk progress review, as the company said in a press release received by Lesprom Network.
The meeting included a presentation for the Governor of Ilim Group’s Big Bratsk project, the largest investment project in Russian pulp and paper industry in 30 years with total investments exceeding $700 million, and a progress report. Ilim Group management also told Mr. Sergey V. Eroschenko about the Company’s social investments in the Irkutsk Oblast.
Infrastructure development in the Oblast was a key topic discussed during the meeting. It is required for further implementation of the Company’s investment plans to upgrade its business assets in Bratsk and Ust-Ilimsk.
“The projects which we are thinking of implementing in the Irkutsk Oblast are closely linked with infrastructure,” emphasized Zakhar D. Smushkin, Chairman of the Board of Directors of Ilim Group. “We all understand that with no airports and no roads we will be unable to deliver people and equipment. And unless we resolve the social issues, any further development will be impossible”.
Ilim Group’s business assets include the Company’s Branches in Koryazhma (Arkhangelsk Oblast), Bratsk, and Ust-Ilimsk (Irkutsk Oblast) and the corrugated box plant in the Leningrad Oblast. Ilim Group includes forest branches in the Bratsk and Ust-Ilimsk Districts and a forest branch in Koryazhma.