Russia
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Ilim Group names new CEO as UPM appoints VP for Business Control and Finance Operations
RUSSIA – The Directors of Ilim Group has appointed Aleksei Lomko as the Chief Executive Officer of JSC Ilim Group, effective from October 30, 2023.…
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Mondi to finally offload its last asset in Russia to Sezar Group
RUSSIA – British paper and packaging company Mondi has agreed to sell its largest plant in Russia to a unit of Moscow-based real estate developer…
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Packaging firm Arnest Group snaps up Heineken’s Russian operations
RUSSIA – Can packaging company Arnest Group has completed the acquisition of Heineken’s Russian operations for €1. The Dutch firm sold its operations, including seven…
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Ilim Group appoints Alexey Chernyaev as Acting CEO, Yosuke Kawamoto inaugurated as Chairman of ICCA
RUSSIA – Russia’s largest pulp and paper company, Illim Group has appointed Alexey Chernyaev as acting CEO in replacement of Ksenia Sosnina who left the…
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Mondi finally offloads Russian packaging converting operations to Gotek
RUSSIA – Sustainable packaging and paper manufacturer Mondi has completed the sale of its three Russian packaging converting operations to Russian packaging producer Gotek Group.…
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Russian government approves sale of International Paper stake in Ilim Group
RUSSIA – A subcommittee of the Russian government commission for control over foreign investment has given the green light for U.S. company International Paper to…
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Smurfit Kappa completes its exit from Russian market amid Ukraine conflict
RUSSIA – Irish corrugated company, Smurfit Kappa has completed its exit from the Russian market, as it has sold its operations in the country to…
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Mondi divests three packaging converting operations in Russia for US$25.5M
RUSSIA – Paper and packaging company, Mondi has entered into an agreement to sell its three Russian packaging converting operations to Gotek Group for about…