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Karjala Pulp announces its intent to acquire the shares of Karellesprom

Karjala Pulp, the main investor of the Kondopoga Pulp and Paper Mill, will apply to participate in auction of the shares of Karellesprom PJSC. Earlier, Kondopoga Pulp and Paper Mill has already declared its interest in acquiring a share of the enterprise.

The purchase of the Karellesprom shares will allow Kondopoga Pulp and Paper Mill to solve the important issues of raw material safety and minimization of production risks. Itsown raw material capacities will allow one of the largest Karelian enterprises to consistently produce high-quality products, reduce production costs, create jobs, and also complete bankruptcy proceedings. The acquisition of its own raw material base will become a real investment in the future of the Kondopoga Pulp and Paper Mill. Thanks to it, the plant will be able to attract new technologies to the region and implement the planned investment projects.