A MAJOR PRODUCER OF NEWSPRINT IN RUSSIA AND EUROPE IN A PRE-BANKRUPTCY STATE

A MAJOR PRODUCER OF NEWSPRINT IN RUSSIA AND EUROPE IN A PRE-BANKRUPTCY STATE

A MAJOR PRODUCER OF NEWSPRINT IN RUSSIA AND EUROPE IN A PRE-BANKRUPTCY STATE
The situation around Solikamskbumprom (JSC) continues to escalate. The once stable newsprint manufacturer, one of the industry leaders, is now teetering on the brink of insolvency. Multimillion-dollar debts and increasing pressure from creditors have become key risk factors. Against the background of the partial blocking of accounts, the total amount of claims submitted to the company has already exceeded 2.5 billion rubles.

The judicial burden on the plant is growing exponentially. An analysis of data from open sources shows that since the spring of 2025, the company has been involved in more than 200 proceedings. In the first months of 2026 alone, the amount of claims reached 1.35 billion rubles, with about 30 applications in March.

In parallel, the courts are introducing interim measures that paralyze current activities. In March, the assets of the parent company and its subsidiary, Solikamsk CHPP, were seized. 

The initiator was an organization affiliated with Gazprom. Previously, similar restrictions were achieved by the Railship Service logistics company, which is seeking payment of about 287 million rubles. In addition, an energy marketing company is trying to recover over 62 million, which is also subject to restrictive measures. 

The internal corporate conflict only exacerbates the external pressure. The minority shareholders sent an appeal to law enforcement agencies, asking them to verify whether funds were withdrawn through the capital's Sopapex company. According to their information, it was this structure that was used for trading operations on the foreign market, although the plant has its own export division.

The incident with the Capital Auto company creates additional nervousness in the market. Despite the fact that a peace agreement had previously been signed between the parties, at the end of March the court returned the case to the stage of enforcement. This step actually renewed the conflict, and the creditor firm itself has already stated that it plans to take the initiative on the debtor's insolvency. 

The situation is complicated by external economic factors. The global demand for newsprint has declined significantly. This has a negative impact on revenue. Combined with the critical debt burden, this creates all the prerequisites for the company's financial situation to continue to deteriorate, making the launch of insolvency proceedings almost inevitable. 

 

Photo: Freepik

30.03.2026