German media giant Axel Springer plans to build a paper mill in Russia

German media concern Axel Springer in talks to build a paper mill in Russia.
This is due to the desire to get rid of the price diktat from the Scandinavian monopoly producer of paper.
Europe’s largest newspaper publisher — Berlin media concern Axel Springer — thinking about how to print their newspapers on paper from Russia. This is due to the desire to get rid of the price diktat from the Scandinavian monopoly producer of paper, said on Wednesday, March 9, the newspaper Handelsblatt.
The fact that the Scandinavian distributors — Swedish Holmen, Norske Skog Norwegian and Finnish UPM Kymmene and Stora Enso — from the end of last year, demand for shipments of newsprint 25 percent premium. This means that a ton of newsprint will now cost 500 euros per tonne.
Axel Springer, as well as the Munich publisher Dirk Ippen (newspaper Munchner Merkur, tz) however, consider such demands exorbitant and want to return to the market competition. To this end, Axel Springer came from talks with Russia’s largest producer of newsprint — JSC "Solikamskbumprom" on the construction of a paper mill in Russia. This information was confirmed by the agency Dow Jones representative of German company.
The sum of the investment is estimated at 350-450 million euros. The construction of the factory will need presumably about two years. Axel Springer, producing such well-known newspapers like Bild and Die Welt, and in Russia publishes magazines Forbes, GEO, «Biography" and the other is prepared to support Russian producers, guaranteeing their firm orders for specific amounts of newsprint.

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