Russian court puts Angara Paper into bankruptcy

In 2012, Angara Paper had signed an agreement with the Japanese company Marubeni Corporation.
Published by
Simon Matthis - 8 Sep, 2015

According to Euwid, the Arbitrage Court of the Region of Krasnoyarsk in Russia has opened bankruptcy proceedings against Russia's Angara Paper.

Angara Paper planned to build a 1.2 million tpy softwood and hardwood, pulp mill for export to Asia.

The company has accumulated debt of RUB470m (€6.2m), according to the court.

According to court information, Angara Paper has accumulated debt of

The planned giant pulp miill in the Krasnoyarsk region should have a total capacity of 1.2 million tpy.

 

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