Arkhangelsk Pulp and Paper Mill finished 2022 with a net profit of 9.4 billion rubles. Such data are contained in the RAS reporting for 2022.
The company's revenue amounted to 44.6 billion rubles against 47.6 billion rubles a year earlier.
In October 2022, the company changed its sole owner. Thus, a 100% stake was transferred from Pulp Mill Holding GmbH to the Austrian private fund Zinner Privatstiftung.
Due to the imposed sanctions, the plant suspended the implementation of a number of projects, including the construction of a new factory for the production of cardboard with a capacity of 700 thousand tons per year.
In 2022, the company enjoyed state support, in 2022 it received assistance from the budget in the amount of 439 million rubles, which was intended to reimburse part of the costs of transporting export products.
Arkhangelsk Pulp and Paper Mill was founded in 1940. It is one of the leading timber chemical enterprises of the Russian Federation and Europe. Specializes in the production of cardboard and commercial pulp.
