Content

Table of Content

1.   COMMODITY GROUP DESCRIPTION

2.   GENERAL CHARACTERIZATION OF DEMAND AND SUPPLY

2.1.      Cardboard for consumer package manufacturing

2.2.      Container board (liner and fluting)

2.3.      Cardboard package (consumer package and shipper container)

3.   PRODUCTION CAPACITY BY COMPANY

3.1.      Cardboard for consumer package manufacturing

3.2.      Container board (liner and fluting)

3.3.      Cardboard package (consumer package and shipper container)

4.   SALES VOLUMES BY COMPANY IN MONETARY TERMS

4.1.      Cardboard for consumer package manufacturing

4.2.      Container board (liner and fluting)

4.3.      Cardboard package (consumer package and shipper container)

5.   SALES VOLUMES BY GEOGRAPHIC REGION

5.1.      Cardboard for consumer package manufacturing

5.2.      Container board (liner and fluting)

5.3.      Cardboard package (consumer package and shipper container)

6.   KEY FINANCE INDICATORS OF INDIVIDUAL CARDBOARD AND CARDBOARD PACKAGE PRODUCERS

6.1.      Operating margin

6.2.      Return on assets (ROA)

6.3.      Return on equity (ROE)

6.4.      Return on capital employed (ROCE)

6.5.      Market Capitalization

7.   ANALYSIS OF THE KEY TRENDS IN THE GLOBAL AND RUSSIAN MARKETS OF CARDBOARD AND CARDBOARD PACKAGE

8.   PROFILES OF INDIVIDUAL PRODUCERS OF CARDBOARD AND CARDBOARD PACKAGE

 LIST OF DIAGRAMS:

SECTION 2.

Diagram # 1. Market of container board in Europe (demand, supplies and capacities from 2000 to 2007*, thousand tons)

Diagram # 2. Consumer package market structure by area of application (expressed in value terms), %

Diagram # 3. Applications of major cardboards by product type, EURO million

Diagram # 4. Corrugated package market structure by area of application (expressed in value terms), %

SECTION 3.

Diagram # 5. Production capacities of the major manufacturers of consumer package cardboard (with breakup by cardboard type), thousand tons

Diagram # 6. Production capacities of the major manufacturers of containerboard (foreign and Russian companies), thousand tons

Diagram # 7. Production capacities of the major manufacturers of corrugated packing material (foreign and Russian companies), million m²

Diagram # 8. Structure of the Russian production of corrugated materials by manufacturer group, %

SECTION 4.

Diagram # 9. World market of paper and cardboard in 2005, EURO billion

Diagram # 10. Revenues of the world producers of consumer package cardboard from 2004 to 2006, EURO million

Diagram # 11. Prices on consumer package cardboard in Europe and U.S from 2000 to 2007 (forecast), EURO/ton and USD/ton

Diagram # 12. Revenues of the world manufacturers of container board from 2004 to 2006, EURO million

Diagram # 13. Revenues of the Russian manufacturers of container board from 2004 to 2006, EURO million

Diagram # 14. Prices on container board in Europe from 2001 to 2007 (forecast), EURO/ton

Diagram # 15. Revenues of the world manufacturers of shipping container from 2004 to 2006, EURO million

Diagram # 16. Revenues of the Russian manufacturers of shipping container from 2004 to 2006, EURO million

SECTION 5.

Diagram # 17. Strategic chart of the international manufacturers of cardboard and cardboard package (indicators: average annual ROCE from 2001 to 2006; average annual revenue increment rate; sales volume in 2006)

Diagram # 18. Strategic chart of the Russian manufacturers of cardboard and cardboard package (indicators: average annual ROCE from 2001 to 2006; average annual revenue increment rate; sales volume in 2006)

LIST OF TABLES:

SECTION 2.

Table # 1. Forecast of the container board market development in the Western Europe (annual growth rates), %

SECTION 3.

Table # 2. Production outputs of container board and cardboard for consumer package by company from 2004 to 2006, thousand tons

Table # 3. Production outputs of corrugated products (corrugated cardboard in sheets and corrugated packing materials) by company from 2004 to 2006, mln. m²

Table # 4. Forecasted output growth of the “GOTEK” Group of Companies

SECTION 4.

Table # 5. Revenues of the manufacturers of cardboard for consumer package from 2004 to 2006 (individually for this product type, and totally for company, EURO million)

Table # 6. Revenues of the manufacturers of container board for consumer package from 2004 to 2006 (individually for this product type and totally for company, EURO million)

Table # 7. Revenues of the manufacturers of shipping container from 2004 to 2006 (individually for this product type and totally for company, EURO million)

SECTION 5.

Table # 8. Major EU member-states exporting uncoated paper and cardboard to other countries of the world from 2004 to 2006 (EURO thousand; tons)

Table # 9. Major recipient countries of uncoated paper and cardboard supplied from the EU member-states from 2004 to 2006 (EURO thousand; tons)

Table # 10. Major countries exporting uncoated paper and cardboard to the EU member-states from 2004 to 2006 (EURO thousand; tons)

 Table # 11. Major EU member-states exporting coated paper and cardboard to other countries of the world from 2004 to 2006 (EURO thousand; tons)

Table # 12. Major recipient countries of coated paper and cardboard supplied from the EU member-states from 2004 to 2006 (EURO thousand; tons)

Table # 13. Major countries exporting coated paper and cardboard to the EU member-states from 2004 to 2006 (EURO thousand; tons)

Table # 14. Foreign trade of the EU member-states and Russia with respect to supplies of coated and uncoated paper and cardboard from 2004 to 2006 (EURO million; thousand tons)

Table # 15. Major EU member-states exporting container board to other countries of the world from 2004 to 2006 (EURO thousand, tons)

Table # 16. Major recipient countries of container board supplied from the EU member-states from 2004 to 2006 (EURO thousand; tons)

Table # 17. Major countries exporting container board to the EU member-states from 2004 to 2006 (EURO thousand; tons)

Table # 18. Major EC member-states exporting consumer package to other countries of the world from 2004 to 2006 (EURO thousand, tons)

Table # 19. Major recipient countries of consumer package supplied from the EU member-states from 2004 to 2006 (EURO thousand; tons)

Table # 20. Major countries exporting consumer package to the EU member-states from 2004 to 2006 (EURO thousand; tons)

Table # 21. Major EU member-states exporting corrugated products to other countries of the world from 2004 to 2006 (EURO thousand, tons)

Table # 22. Major recipient countries of corrugated products supplied from the EU member-states from 2004 to 2006 (EURO thousand; tons)

Table # 23. Major countries exporting corrugated products to the EC member-states from 2004 to 2006 (EURO thousand; tons)

SECTION 6.

Table # 24. Operating Margin of the major producers of cardboard and cardboard package from 2004 to 2006, %

Table # 25. Return on assets of the major producers of cardboard and cardboard package from 2004 to 2006, %

Table # 26. Return on equity capital of the major producers of cardboard and cardboard package from 2004 to 2006, %

Table # 27. Return on capital employed (ROCE) received by the major producers of cardboard and cardboard package from 2004 to 2006, %

Table # 28. Market value of foreign companies and Russian facilities (estimate)