In 1976, for great achievements in the development of industry, the Balakhna paper mill was awarded the Order of the October Revolution.
In 1977, Balakhna paper was awarded the State Quality Mark.
In 1997, an updated wood-preparation shop was put into operation, the modernization of the chemi-thermomechanical pulp (CTMP) shop was carried out, and the production process was re-designed to produce thermomechanical pulp (TMP). In the same year, the pulp production was finally closed down (i.e. the pulp shop and the associated acid and evaporation shops).
Volga Joint Stock Company is a vertically integrated timber industry company.
Volga JSC is included in the ratings of the Top 200 Largest Russian Exporting Companies (according to the Expert magazine), the Top 50 Largest Timber Companies (according to the Forest Industry magazine) and the Top 100 Largest Companies of Nizhny Novgorod Region (according to the Business Quarter online media).