Ilim Group's Koryazhma Mill Invests $22 million to Rebuild Recovery Boiler

The Koryazhma Mill of OJSC Ilim Group, St. Petersburg, Russia, reports that it is investing more than $22 million to rebuild recovery boiler No. 6 at the thermal power station. The project goal is to increase the efficiency and improve environmental performance of the recovery operations.

Ilim Group's business assets, located in the Leningrad, Arkhangelsk, and Irkutsk Oblasts, are the largest mills in the Russian forest products industry, accounting for more than 65% of the total pulp production in Russia and more than 21% of the Russian board production. The total annual pulp and paper production volume of the company is more than 2.6 million metric tons.

International Paper Co., Memphis, Tenn., USA, is a strategic partner of Ilim Group, owning 50% of its shares. Ilim Group employs 19,000 people.

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