Russia
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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…
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Ball Corporation divests Russia’s beverage packaging business to Arnest Group
RUSSIA – American multinational packaging company Ball Corporation has completed the sale of its beverage packaging business in Russia to Arnest Group for US$530 million.…
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Huhtamaki divests Russian operations to Espetina for US$150M
RUSSIA – Finnish consumer packaging company Huhtamaki has divested its Russian business to Espetina, a holding company owned by Alexander Govor and Iury Kushnerov for…
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Amcor to divest Russian factories, completion of sale expected in H2 2023
RUSSIA – American-Australian global packaging company, Amcor has announced plans to sell its three factories in Russia, with completion of sale expected to occur in…
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Packaging firm Mondi to divest Russian packaging paper mill for US$1.5B
RUSSIA – Paper and packaging company Mondi has agreed to sell its largest plant in Russia to an investment vehicle owned by Russian billionaire Viktor…