Troitskaya Paper Mill (OJSC)

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Troitskaya Paper Mill (OJSC) Company description Geographic location Date of foundation District Region City Location Main products Annual capacity 786 Central Federal District Kaluga region Kondrovo 80 km south-west from Moscow, near the M3 highway (Moscow-Kiev) and A0 (Moscow-Bobruisk) and close to Kaluga-Vyazma railway Specialty papers including various types of parchment and bleached kraft-paper Parchment,000 t, bleached paper 0,000 t Central Federal District, Russian Federation Troiskaya Paper Mill Kaluga Main markets Key features Europe, S.America, S-E Asia, India, Australia, CIS Location: Troitskaya Paper Mill is located close to the main local markets in Central Federal District (80 km from Moscow) and have access to the transportation infrastructure, including two federal highways (M3, A0) and Kaluga-Vyazma railway Market access: the Company holds dominant position on Russian market with 67% share in parchment, 30% in bleached kraft-paper. TPM is well represented on international markets export parchment sales for 04 is 5,57 tons (57% of production). Share of bleached kraft-paper export will take %. Production of TPM is exported to 40 countries all over the world. Sales volume: parchment sales in 04-9,6 tons, bleached kraft paper,67 tons. Total revenue in 04 makes.5 bln rubles. 80% of Company s production consumed by the food industry (fast-food, confectionery, butter production, etc.). Client portfolio also includes companies from construction, furniture, printing and textile, medical industries. Development prospects Expansion of export sales. Increase in natural parchment and bleached kraft-paper consumption due to tightening environment requirements and replacement of plastic packaging in Europe New products development with minimal investments. Available equipment allows to develop the new high-margin products specialized types of parchment and packaging for FMCG industry (paper bags, baking paper). The Company is already producing medical paper and bread paper Great potential for large-scale expansion. Company has areas for expansion. Current electric capacity is.5 times higher than limit.

Contact information General Director: Pavel Orlov Phone: +7 48434 33955 E-mail: gendir@tbf.ru Commercial Director: Company address: Mayakovskogo str., Kondrovo Kaluga region, 49834 Russia Roman Churakov Phone: +7 958938973 Faх: +7 4843 44638 E-mail: churakov@tbf.ru Head of sales department (Russia) Olesya Zhikhor Phone: +7 9053860 Fax: +7 48434 3-3-, 3-37-68 E-mail: sb_sever@tbf.ru Head of export sales department Ellina Lomova Phone: +7 9098396 Fax: +7 48434 3-3-, 3-37-68 E-mail: e.lomova@tbf.ru

Products: parchment paper Product description: parchment paper is a pure pulp-based paper. After parchmentization the paper obtains grease-proofness and water strength. Paper shows high damage resistance (even during boiling). Parchment does not loose mechanical strength if it is moistened Microbiologically clean paper, does not cause changes in organoleptic properties of food products, does not create foreign odor and savor Complies with any hygienic demand that (similar with foil and polymeric synthetic materials) Parchment paper is image print friendly and can be easily laminated with aluminium foil * * All prices are for reference Grade Troitzkiy 50 Milk plants, Fat and oil plants Grade M 56 Medical industry High fat product packages Corrugated lining packaging Flexographic and rotogravure Dressings packaging Heat and radiation sterilization Flexographic packaging 40-45,850 50-56,80 -,835 3 64,780-,800 Vegetable parchment 3 Grade A 64 Confectionary, Food Outlets, Restaurants, Shops Automatic lines packages Backing liners, food packaging Corrugated packaging underlining 4 4,675-,967 Anti adhesive coating parchment 4 Grades A, B, V, D 40-64 Food Outlets, Restaurants, Shops Food packaging Corrugated packaging underlining 5 58,450 Colored vegetable parchment 5 6 Brown grade 4 color grades Hasel 70;00 Havana 45;5 Furniture plants Edge railing for case furniture Laminated plastics 58 Textile industry Textile tubes manufacturing 6 40 and 45,840 7 50 and 60,800 Crimpled cups vegetable parchment 3

Products: sterilization paper and color wet-strength paper Sterilization paper Product description: paper for sterilization and packaging of medical tools. Paper has high air permeability for Gas, EO and radiation sterilization Efficient anti-bacteria protection; Good cutting properties and mechanical strength Good adhesion with films and easy separation of film from paper; Perfect compliance with packaging machines; Ideal for sharp medical tools Grade GS for gas and radiation ste rilization 60 Medical industry Packaging of medical tools, like syringes, needles, catheters, tubes, medical kits and tools. Manufacturing of medical bags. Price range 60, 5 Paper for gas and radiation sterilization Color wet-strength paper Product description: pulp-based paper for bread and baked goods. The paper is manufactured in beige and cinnamon color. Other colors: green, orange, brown are on the stage of development. Efficient protection of bread and baked goods; Good cutting properties and mechanical strength; Good compliance with packaging automatic facilities; Ability for application of printing; 4 Grade VP-V KO 40 Food products industry Manufacturing of bags for bread packaging. Manufacturing of bags for retail chains. Price range 40, 50 Paper for bread bags manufacturing, for baked goods packaging.

Products: wet-strength paper Grade 3 Product description: paper is manufactured from 00% bleached pulp, has high brightness about 85%, wet strength up to 0%. High brightness allows to do multi-color printing. The paper is designed for packing of bulk products, yeast, food products with high content of moisture and low content of fat. Paper shows high damage resistance that raise reliability of bags in the case of accidental fall, stabbing, wetting. Very good for printing High barrier properties. Drying out of yeast is less than in other papers. Allows to pack hygroscopic food and industrial materials, such as cement and dry construction mixes. Can be used as basis for lamination, metallization. paper, grade VP, VP-bio paper, grade VP- M paper, grade VP 50, 60, 70 Yeast plants 40, 50, 60, 70, 80, 90, 00 30, 40, 50, 60, 70 Flour milling plants Food manufacturing plants Packing of yeast in automatic lines, including those with long shelf-life. Manufacturing of bags with flexographic printing and offset printing for prepackaging. Pasting, metalizing, laminating. 30-40 45-60,90,70 Packing of bulk products, yeast, food products with high content of moisture 3 70-00,40 and low content of fat, dry bulk products, construction mixes. 4 paper, grade VP 40, 50, 60, 70 Tea packing factories Packing of dry food products, tea, tobacco 5 paper, grade VP- M 40, 50, 60, 70, 80, 90, 00 Packing of bulk food products Manufacturing of bags with flexographic printing and offset printing for prepackaging of flour, cereals, sugar and other bulk products. 6 paper, grade VP- M 50, 60, 70, 80, 90, 00 Packing of dry construction mixes. Packing of dry construction mixes and cement. 5

Products: grease-proof paper Product description: grease-proof paper is manufactured from 00% bleached soft and hard wood pulp. The paper is designed for packaging of products with low content of fat. It has KIT 6-. Ecologically safe material, absence of foreign odors, high opacity, brightness. Possibility to apply color printing. High barrier and mechanical properties. Good ability for cutting into sheets and reels. Grade Grade VZh 40, 45, 5 Confectionary factories Automatic prepackaging, packaging. Lining of tare. Is used for automatic packaging of butter, margarine, fats, food concentrates, fodder, other products with high content of fat and moisture content larger than 5%, tea, frozen products, medical products. As base material for backing with aluminum foil, metallization, lamination. Manufacturing of confectionary bands and napkins. Grade VZh 40, 45, 5 Grade Zh 40, 45, 5,700,650,500-,550 Automatic prepackaging, packaging. Lining of tare. Grade Zh 40, 45, 5 Food industry Manufacturing of packaging for fast-food Manufacturing of damper insertions Lining for corrugated packaging. For automatic packaging of mostly baked confectionary and food concentrates with low content of fat, as well as base paper for backing with aluminum foil. 6

Products: siliconized paper Product description: silicon coated parchment is manufactured on the basis of ecologically pure heat-resistant vegetable parchment. In baking process ideally replaces vegetable oil and other fats as separation layer, that allows easy release of baked products from a baking tray. High temperature resistance. Up to 0 С. Multiple use. High anti adhesive properties. Grade Parchment with antiadhesive coating. Ecologically pure product. PA- 4, 5, 65 - Confectionary shops - Restaurants - Cafes - Mini-bakeries - Finished dishes and semi-product manufacturing companies - Freezing of minced meat, meat and fish Baking of confectionary and bread Heat-resistance reusable at temperature not higher than 0 С. Separating layer in semi-products manufacturing, in freezing process PA- 4, 5, 65 In reels PA- In sheets,750,600 3,50 3,00 Baking of confectionary and bread. Separating layer in semi-products manufacturing, in freezing process 7

Products: colored parchment Product description: colored parchment paper is a pure pulp-based paper. After parchmentization the paper obtains grease-proofness and water strength. Colorants added to the pulp mass make colors bright and alive. 4 different shades are available: dark-blue, light blue, violet, green, light green, green apple, orange, red, wine red, pink, yellow, brown, black, gray. Paper shows good cutting properties and high barrier and mechanical properties. Color is stable and does not transfer to other material. Grade Colored vegetable parchment 58 Manufactures of textile tubes (cores) Textile tubes manufacturing 58,450 Textile tubes manufacturing 8