Sylvamo
LeaveRussia detail: Exit Completed
Sylvamo is a global paper company.
Business in Russia
Sold operations in Russia. After sale of the local company in 2022, total gross revenue made up $715m. $518m belonged to Sylvamo ($420m of which was from selling their Russian operations and leaving Russia), the rest (~$200m) was earned by the new owner. Company strongly objects to being criticized for exiting Russia for $420m arguing that the actual gross revenues earned in 2022 should be $98m (according to IFRS).
Decision trail
Decision date 06/09/2022 · Reference ↗
March 2: Planning on temporary shut down of pulp and paper production at its Svetogorsk, Russia due to supply issues (Russian operations account ~15% total revenue in 2021). March 7: Suspending operations in Russia. Pledge of $250K to International Red Committee of the Red Cross. October 6: Sylvamo completes sale of Russian operations.
Local stats (LeaveRussia)
Status history since 2022
- 03/08/2026 — exited · Imported from KSE LeaveRussia
Exposure profile
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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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