IP received from the Ilim Group a record 121 million dollars in dividends in 2016.
As noted in the official report of International Paper, this result was possible due to increased demand for the Group’s products and a concomitant increase in production in 2016. In total, according to International Paper, since 2007 the amount of dividends received from the Group was $ 516 million.
‘This reflects the significant progress we have achieved together over the past 10 years,’ said International Paper CEO Mark Sutton.
The report also notes an unprecedented volume of investments for the Russian pulp and paper industry in the development of production: $ 1.5 billion was invested in the modernization of the Ilim Group over 5 years, ‘LesPromInform reports.