PaperAge Magazine

Ilim Group Acquires Majority Stake in Corrugated Packaging Facility, Gofra Dmitrov, in Moscow Region

Gofra Dmitrov Gofra Dmitrov, located in the Moscow Region of Russia, has 200 employees and a production capacity of 150 million square metres per year of corrugated packaging.

May 20, 2016 - Ilim Group announced that it has expanded its presence on the Russian corrugated packaging market with the acquisition of a majority stake in Gofra Dmitrov, a corrugated packaging facility located in the Moscow Region of Russia.

The Dmitrov plant has 200 employees and a production capacity of 150 million square metres per year.

Ilim also owns Ilim Gofra, a modern corrugated packaging plant situated in Kommunar, in the Leningrad Region. The facility has over 260 employees and a production capacity of 140 million square metres per year.

With the acquisition of the Dmitrov facility, Ilim's annual corrugated packaging production capacity jumps to 290 million square metres per year.

“We believe the Russian corrugated packaging production market is promising and profitable from an investment perspective,” said Ilim Group's CEO Franz Marx. “That is why we decided to become one of the owners of Gofra Dmitrov. By managing two modern corrugated packaging production facilities located right near the main markets for this product — Moscow and St. Petersburg. We will be able to offer our clients better logistics, an improved range and quality of product, thus winning a unique market niche.”

Ilim Group is the largest pulp and paper company in Russia. To learn more, please visit: www.ilimgroup.ru.

SOURCE: Ilim Group