RISI’s European CEO of the Year: Ksenia Sosnina, Ilim Group, Paper360º March/April 2020

FASTMARKETS RISI: Ilim has an ambitious development strategy. Under your leadership during the last four years, what has had the biggest impact on the company’s growth and what have been the most significant challenges?

Sosnina: Indeed, our company is implementing a large-scale investment program with strategic CAPEX allocation of around US$2 billion. In 2018-2019, Ilim completed several important projects in Siberia, including the rebuild and launch of a kraftliner machine in Bratsk and a pulp line retrofit in UstIlimsk, along with a number of environmental, efficiency, and modernization-driven investments. Ilim continues to implement the big UstIlimsk project, which involves the construction of the largest pulp and board mill with an annual capacity of 600,000 metric tpy. This large-scale project is worth US$1 billion. Upon its completion and along with the capacity expansion at the Bratsk Mill, Ilim will become one of the largest manufacturers of unbleached packaging materials globally, bringing the aggregate production output of Ilim Group to more than 4.4 million metric tpy of pulp and paper (P&P) products by 2023. The project is welcomed by our strategic customers in China and the rest of Asia, and we look forward to completing it. 

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