OREANDA-NEWS. The joint investment program currently developed by Ilim Pulp in co-operation with International Paper representatives suggests that $ 770 million will be invested in the corporation’s Irkutsk mills by 2011. Capital investment in pulp and paper mills is to comprise the main part of the investment, while about $ 200 million will be invested in the wood supply enterprises.

The investment program will enable the corporation to significantly extend its manufacturing facilities and raise product quality. It is planned to increase yearly commodity output to 1 million 900 thousand tonnes by 2011, 529 thousand tonnes (39%) up from the level of 2006.

Besides enhancing market pulp and containerboard output, the corporation is planning to extend the range of pulp produced by Ust-Ilimsk Pulp Mill and install necessary facilities to launch new production at Bratsk Pulp and Containerboard Mill.

Apart from that, Ilim Pulp intends to invest over $ 100 mln in Irkutsk area based woodworking mills not to be included in the Ilim Pulp — International Paper joint venture.