OREANDA-NEWS. The Koryazhma Mill of OJSC Ilim Group is implementing an investment project to rebuild recovery boiler No. 6 at the thermal power station.

The aim of this project is to increase the efficiency and improve environmental performance of the equipment. Over USD 22 million was allocated by the Company for these purposes.

Ilim Group is the leader of the Russian pulp and paper industry in terms of output volume, financial stability, corporate governance efficiency and technology.

The strategic partner of Ilim Group and the owner of 50% of its shares is International Paper, the world’s largest pulp and paper company. Ilim Group is headquartered in St. Petersburg.

The Company’s business assets located in the Leningrad, Arkhangelsk and Irkutsk Oblasts are the largest mills in the Russian forest products industry accounting for more than 65% of the total pulp production in Russia and over 21% of the Russian board production. The total annual pulp and paper production volume of the Company is more than 2.6 million tons.

Ilim Group employs 19 thousand people.

Strategic focus of Ilim Group is to make a shift from producing only semi-finished goods to also manufacturing higher value products — paper and packaging.