In 2017, the total revenue of the ten biggest forest products companies in Russia amounted 339.4 billion rubles ($5.1 billion), according to the annual Top 50 Russian forest-based sector companies rating published by Lesnaya Industriya Magazine. The top three leaders of the rating have not changed: Ilim Group, Mondi Syktyvkar, Segezha Group.
The Ilim Group reported FY 2017 revenues decreased by 1.1% to 110.4 billion rubles, net profit down 27.7% to 18.956 billion rubles. Mondi Syktyvkar got the second place in ranking. In 2017, Mondi Syktyvkar’s revenues were flat compared to the previous year – 54.944 billion rubles (+ 0.03%).
The third company of the rating was Segezha Group (part of AFK Sistema). The company’s revenue increased by 1.63% to 43.7 billion rubles in 2017. Segezha Group increased paper production by 11.5%, to 319 thousand tons, consumer packaging – by 15.6% to 37 million units, and the production of paper bags decreased by 6.2% to 1,172 million units.
The fastest-growing company of the year was the Troitsk Paper Mill (25th in the rating), which revenue increased by 62.72%. The company earned 3.71 billion rubles in last year. The complete report can be found on the website.