Ilim Group Reviews 2021 Performance, Plans to Expand Exports to China
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Ilim Group recently published a report on its performance in 2021. The company produced 3.64 million tons of finished products, and pulp continues to make-up the major share (2.16 million tons) of Ilim's production volumes.
Ilim continued to increase the share of packaging materials in its product portfolio. Last year this segment accounted for about a third (815 thousand tons) of the company's production volumes.
In 2021, Ilim Group's operating EBITDA totaled USD 1.1 billion. The company allocated USD 594.5 million for implementation of its investment projects, including USD 115.96 million for environmental initiatives, implementation of which will allow Ilim to reduce its emission and discharge parameters in the short term. In 2021, Ilim's Koryazhma Mill received an integrated environmental permit confirming its compliance with high environmental safety standards.
In 2021, Ilim continued to implement the Big Ust-Ilimsk project, its flagship initiative with a CAPEX worth USD 1.3 billion. Start-up of Ilim's new KLB (kraft linerboard) Mill is scheduled for the end of 2022. Ilim will allocate USD 309.5 million for implementation of this project in 2022.
Expanding Exports to China
Ilim said China remains a priority market and the company intends to expand its presence in all Chinese regions. In 2021, Ilim's exports to China totaled 1.4 million tons, including significant volumes of bleached softwood pulp. In 2021, Ilim Group also increased kraftliner volumes exported to the Chinese market. The KLB Mill start-up as well as upgrade of the existing facilities will allow Ilim to increase the aggregate volume of its exports to China up to 2.4 million tons by 2025, the company said.
