• Sylvamo (spun out of IP) may curtail or temporarily shut down production at its Svetogorsk mill in Russia (at the border with Finland) due to inadequate supplies of critical raw materials from Europe: Currently, they are operating in Russia; however, are trying to mitigate supply chain issues to continue production. The mill has capacity of 643ktpa of market pulp (24%), paper (UWF: 58%) and paperboard (18%). The mill comprised 15% of 2021 total revenue, with more than 70% of its volumes sold in Russia and the CIS. Sylvamo is the #1 supplier in Russia for UWF (# 3 in Europe), with capacity in the first quartile. The share price is down 13% since Russia invaded Ukraine.
  • Stora Enso to stop all production and sales in Russia until further notice:  Today, Stora Enso announced that the company will stop all production and sales until further notice due the ongoing invasion in Ukraine. All exports and imports into Russia will be stopped. A mitigation plan has been activated to secure availability of input materials from other sources. Stora has 3 corrugated packaging plants and two wood products sawmills in Russia, employing c.1,100 people. Stora Enso’s sales in Russia comprises c.3% of total Group revenues. The impact on Stora Enso’s sales and EBIT is not material. The share price is down 7% since Russia invaded Ukraine.
  • Kemira to discontinue deliveries to Russia and Belarus, effective Mar 1, 2022 until further notice: Kemira has decided to discontinue deliveries to Russia and Belarus starting March 1, 2022 until further notice due to the ongoing situation in the region. The decision to discontinue deliveries will primarily impact pulp and paper customers in Russia. In 2021, Russia represented c.3% of Kemira’s total revenue. Kemira is a global leader in sustainable chemical solutions for water intensive industries. 

Download Report