GLG News by Paper and Forestry Industry Consultants (EU)

What is Russia trying to achieve in raising tariffs? What is the effect on the West? Can the final major increase be avoided?

International Paper has announced a definitive agreement to set up a 50:50 joint venture with Russia's largest pulp and paper group, Ilim Group, in fact this is the purchase by IP of 50% of Ilim Group for $650 million, the most the Russian government could be expected to allow. The deal was originally...

Russia has just raised export duty on unprocessed timber to a minimum of 10 Euros per m3, with further increases to 50 Euros per m3 by 2009. Russian timber has become important raw material for a number of countries and companies, who now fear that timber exports will become unprofitable and they will...

The Mondi share listing comes at a unique time in the business cycle for Paper companies, especially as Company Valuations are at such a low point relative to other sectors on the Stockmarkets, demand conditions are relatively good, industry capacity growth is at an all time low and industry M&A...