(Russia) Ilim Group, Russia’s largest pulp and paper maker, received regional-government approval for a 9.9 billion-ruble ($423 million) project to boost production and upgrade facilities in Russia’s northwest.
The Arkangelsk regional government gave “priority” status to Ilim’s plans, the St. Petersburg-based company said in a statement posted on its web site. Ilim will seek approval from Russia’s Industry and Energy Ministry to gain preferential access to timber resources, according to the statement.
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