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In 2005 the earnings of Arkhangelsk Pulp and Paper Mill increased 17% with profitability level comprising more than 12%. The pulping output exceeded rated capacities and grew up to 826 thousand tons, www.bumprom.ru informs with reference to Natalia Pinyagina, director for development of Arkhangelsk Mill.
The business model of Arkhangelsk Mill includes the leading positions in cardboard and pulp production. In 5 years the mill will be over with the modernization program and will significantly raise the quality of its products and its competitiveness at world markets.
In commenting on the situation, Natalia Pinyagina underlined the necessity in considerable loans for complete modernization. Financing variants will be chosen taking into account the current situation with investment climate in the forest and paper industry, external and economical risks.
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