The Russian government should support companies that carry out major social commitments, according to recent statements, made by Vladimir Krupchak, investment director of Pulp Mill Holding, one of the leading players in the Russian pulp and paper sector, which operates the Arkhangelsk PPM.
According to Krupchak, currently the holding remains one of the major employers and taxpayers in the region, planning to retain this status by the further implementation of planned investment projects.
Implementation of these plans will be part of the existing state strategy in Russia, aimed at deepening wood processing, more active use of wood products and import substitution in the industry.
One of the most important investment projects for Arkhangelsk PPM this year is PRORIV-2027, which involves the construction of a new sulfate-cardboard plant worth 105 billion rubles.
Implementation of the project is controlled by the authorities of the Arkhangelsk Region, which have already promised to provide support during its implementation, particularly in regard of supplies of raw materials for its needs, that will be in the form of the provision of a timber resource base. In addition, assistance will be provided in regard of various research works for the project.
The general director of the Arkhangelsk PPM Dmitry Zylev also said about social importance of the new investment project: PRORIV-2027 will create about 400 new jobs at the plant. Tax payments to budgets of all levels will increase to 4.3 billion rubles.
Arkhangelsk PPM was founded in 1940. It is currently one of the European leaders in the production of containerboard and pulp. The only shareholder of APPM is the Austrian company Pulp Mill Holding GmbH.
By: Eugen Gerden