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Industrial Development Fund Approved a Loan for 2 Billion Rubles for theArkhbum Tissue Group

The Expert Council of the Industrial Development Fund (IDF) has supported the second construction phase of the sanitary-hygienic products plant within the Vorsino Industrial Park of Kaluga Oblast.

The IDF approved the loan under the program "Priority projects" for 2 billion rubles for the Arkhbum Tissue Group. The company has premises in the Vorsino Industrial Park of Kaluga Oblast. It is a subsidiary company of the Arkhangelsk Pulp and Paper Mill.

Using the loan from the IDF, the enterprise plans to launch the second stage of construction of the plant, manufacturing sanitary-hygienic paper and products from it under its own Soffione brand. The production capacity is expected to double and amount to 140 thousand tons of end products per year.

The Arkhbum Tissue Group will significantly enlarge its product range with installation of the second paper-making machine (BDM-2) and new converting lines. In particular, it plans to launch a line of “outdoor” products (Z-fold and V-fold paper towels, industrial rolls).

Raw bleached pulp of soft- and hardwood produced by the key enterprise of Pulp Mill Holding in Russia – the Archangelsk Pulp and Paper Mill – will be used as feedstock for manufacture.

Technologies applied allow manufacturing products with better capacity, softness, embossing, of various shapes and complexity. In the course of the project, about 200 jobs will be created.

The total volume of the Pulp Mill Holding’s investments into the second stage of Arkhbum Tissue Group will be more than 10 billion rubles.

Based on the Archangelsk Pulp and Paper Mill Press.

16.01.2022

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