The board of directors of OJSC Ilim Group, St. Petersburg, Russia, has approved an investment project involving installation of a new paper machine at its mill in Koryazhma, Russia. Estimated project costs exceed $270 million. Project implementation will start this year, and the new paper machine is scheduled to startup in 2012.
The new paper machine will produce cut-size papers, uncoated free sheet (UFS) offset, and base papers for coated free sheet. It will produce more than 150,000 metric tpy of cut size and 50,000 metric tpy of offset papers. In the future, instead of offset paper a base paper for 70,000 metric tons of coated free sheet papers will be produced. An off-machine coater also will be installed.
Ilim Group's CEO Paul Herbert says that the key project objective is to continuously integrate pulp in manufacturing of value-added products. "The strategic decision of the board of directors to approve the paper mill for Koryazhma along with approval of the Bratsk investments will secure Ilim's long-term development prospects and strengthen our positions on our key markets," he noted.
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