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Ilim Group to Install New Paper Machine at Koryazhma

July 7, 2010 - Ilim Group said that its Board of Directors has approved over USD 270 million for a paper mill project that includes the installation of a paper machine at the company's Koryazhma Branch in Northwest Russia.

According to the company, the proposed machine will produce about 150,000 tpy of cut-size papers and 50,000 tpy of UFS (uncoated freesheet) offset. In the future, instead of offset paper, a base paper for 70,000 tons of coated freesheet papers would be produced, Ilim said.

An off-machine coater will also be installed.

The Koryazhma Branch currently has an annual capacity to produce about 1 million tons of pulp and 255,000 tons of containerboard.

Ilim Group's CEO Paul Herbert says that the project's primary objective is to continuously integrate pulp in the manufacture 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,” Herbert said.

Ilim said the project will begin this year, with the new paper machine scheduled for start-up in 2012.

SOURCE: Ilim Group




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