Sodra, Angara Paper Plan New Pulp Mill in Russia

Dec. 20, 2010 - Sodra Cell said that it has signed a letter of intent with Angara Paper and the Russian bank VEB to participate in a feasibility study regarding a pulp mill project in Russia.

Sodra said that its role in the project would be as an industrial partner, responsible for sales and marketing of future pulp production.

According to Sodra, the feasibility study focuses on the construction of a pulp mill with a capacity of 1.1 million tons per year of softwood pulp.

The project has cutting rights of 6 million cubic meter softwood per year in the Krasnojarsk area, Sodra noted.

Sodra is the world's third largest supplier of market pulp. The company operates five pulp mills — three in Sweden and two in Norway — with a total capacity of 2.1 million tons per year, of which just over 100,000 tons is mechanical pulp (CTMP) and the rest bleached sulphate pulp.

The company's entire pulp production is sold on the open market.