Segezha Pulp and Paper Mill, ''Segezha Group'', is a Russian pulp and paper company and the country's largest producer of

kraft paper Kraft paper or kraft is paper or paperboard (cardboard) produced from chemical pulp produced in the kraft process. Sack kraft paper (or just sack paper) is a porous kraft paper with high elasticity and high tear resistance, designed for packa ...

and

paper sacks A paper bag is a bag made of paper, usually kraft paper. Paper bags can be made either with virgin or recycled fibres to meet customers' demands. Paper bags are commonly used as shopping carrier bags and for packaging of some consumer goods ...

, controlled by

Sistema AFK Sistema PAO is a large Russian conglomerate company, founded by Vladimir Yevtushenkov, who was chairman of the corporation's board of directors until 2022. In April, Yevtushenkov's shareholding in Sistema has decreased to 49.2%, and he also ...

Overview

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 Kraft paper or kraft is paper or paperboard (cardboard) produced from chemical pulp produced in the kraft process. Sack kraft paper (or just sack paper) is a porous kraft paper with high elasticity and high tear resistance, designed for packa ...

. 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. Based in Segezha,

Republic of Karelia The Republic of Karelia, or simply Karelia or Karjala (; ) is a Republics of Russia, republic of Russia situated in the Northwest Russia, northwest of the country. The republic is a part of the Northwestern Federal District, and covers an area of ...

, the company has 5,300 employees. 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 The Federal Antimonopoly Service of Russia (FAS) () is the federal-level executive governmental organ that controls the execution of the antitrust law and related areas. The FAS was established by President Vladimir Putin through Decree #314, ...

. In December 2021, the group confirmed that the deal has been closed. By the end of 2021,

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" and Bonum Capital`s share in Segezha Group was reduced from 8,7% to 4,79%. In November 2021, "S-Dok", a part of "Segezha Group", "Sistema Telecom Aсtivy" and "Etalon" estate developer, all three controlled by

, became co-owners of "Basis" company, which will be focused on producing wooden houses.{{Cite web, url=https://www.interfax.ru/business/803610, title=АФК Система, Etalon и Segezha Group создали компанию по строительству деревянных домов, language=ru, date=2021-11-17, publisher=

Интерфакс Interfax () is a Russian news agency. The agency is owned by Interfax News Agency joint-stock company and is headquartered in Moscow. History As the first non-governmental channel of political and economic information about the USSR, Interfax ...

References

External links

Company website
Pulp and paper companies of Russia Companies based in the Republic of Karelia