Ilim Group makes $1 billion investment in its Ust-Ilimsk mill in Russia
Ilim Group launches integrated investment project Big Ust-Ilimsk at Ilim's Mill in Ust-Ilimsk, Russia. The Big Ust-Ilimsk project includes construction of a new line for production of kraftliner and other packaging materials with a capacity of 600 thousand tons per year. Total investments in the project will be around $1 billion with implementation to be completed by the end of 2021. The Company will also perform a large-scale upgrade of the existing operations in order to increase pulp output by 130 thousand tons per year. Project implementation will drive ...
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