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Segezha Pulp and Paper Mill

From Wikipedia, the free encyclopedia

Segezha Pulp and Paper Mill, Segezha Group, is a Russian pulp and paper company and the country's largest producer of kraft paper and paper sacks, controlled by Sistema.

Overview

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The company produces 270,000 tonnes of sack kraft per year, as well as 100,000 tonnes of kraftliner and 520,000 tonnes of unbleached kraft pulp.[1]

In 2008, Ministry of Industry and Trade of the Russian Federation awarded the company the prize "The Best Exporter of 2008" in the pulp and paper sector.[2] Based in Segezha, Republic of Karelia, the company has 5,300 employees.[3]

In October 2021, Segezha Group bought pulp and paper assets of Bonum Capital, therefore, increasing Bonum`s share at Segezha Group from 4,6 up to 13%. The deal is expected to be closed in the first quarter of 2022 after the approvement by Federal Antimonopoly Service.[4] In December 2021, the group confirmed that the deal has been closed.[5] By the end of 2021, Sistema has also sold 8,7% of "Segezha Group" shares to "Bonum Capital" for 150 million dollars. After that deal, "Sistema" is holding a 62,2% of "Segezha Group"[6] and Bonum Capital`s share in Segezha Group was reduced from 8,7% to 4,79%.[7]

In November 2021, "S-Dok", a part of "Segezha Group", "Sistema Telecom Aсtivy" and "Etalon" estate developer, all three controlled by Sistema, became co-owners of "Basis" company, which will be focused on producing wooden houses.[8]

References

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  1. ^ "A MODERN RUSSIAN MILL". Paperloop. 2006-11-01. Retrieved 2009-07-15.
  2. ^ "Segezha Pulp-and-Paper Plant is awarded with the sign on the best exporter of the branch on results of 2008". Republic of Karelia. Retrieved 2009-07-15.
  3. ^ "S E G E Z H A P P M • COMPANY". Segezha Pulp and Paper Mill. Archived from the original on 2009-04-14. Retrieved 2009-07-15.
  4. ^ "Segezha приросла Сибирью и крупным миноритарием" (in Russian). Интерфакс. 2021-10-11.
  5. ^ "Segezha закрыла сделку по покупке сибирских лесопромышленных активов Bonum" (in Russian). Интерфакс. 2021-12-21.
  6. ^ "АФК Система продала Bonum Capital 8,7% акций Segezha за $150 млн" (in Russian). Интерфакс. 2021-12-29.
  7. ^ "Bonum передал по РЕПО часть акций Segezha, снизив прямое владение до 4,8%" (in Russian). Интерфакс. 2022-01-11.
  8. ^ "АФК Система, Etalon и Segezha Group создали компанию по строительству деревянных домов" (in Russian). Интерфакс. 2021-11-17.
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