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News of the Russian forest-based industries: forestry, logging, woodworking, pulp and paper, biofuel, and construction.

ULK Group launched a new wood pellet plant in Pestovo

May 20, 2020 ` 14:32  
The plant’s production capacity is 60 thousand tons of wood pellets per year. A total wood pellets capacities of ULK Group, now is 300,000 tons per year. The opening was attended by Governor of the Novgorod Region Andrei...

In 1Q 2020, China’s plywood exports fell 85%

May 20, 2020 ` 13:02  
According to China Customs, in 1Q 2020, China’s plywood exports were 1.85 million m³ valued at US$787.6 million, a drop of 85% and 82% respectively over the same period in 2019. The main markets for plywood exports in...

Trend in revenue decline of major timber industry players

May 19, 2020 ` 13:26  
Many forest-industry companies reported that they reduced revenues or reduced EBITDA margin in 2019. Mondi Group reduced revenue by 3% to € 7.268 billion. International Paper reduced revenue by 3.99% to $ 23.376 billion. Russian forest-industry companies also...

The situation on the forest products market in 2019 – 1Q 2020 in Russia and the world

May 18, 2020 ` 17:39  
In 2019 slowdown in the global economy, geopolitical tensions have pulled a decline in demand for forest products. Prices for most forest products remained at low bases. Only to 1Q 2020, prices on world markets for pulp, plywood,...

International Paper reaches agreement to sell its Brazilian corrugated packaging business

May 14, 2020 ` 18:28  
IP has entered into an agreement to sell its Brazilian corrugated packaging business to Klabin S.A. for R$330 million, with R$280 million to be paid at closing and R$50 million one year thereafter, subject to certain adjustments. This...

Why Russia can not refuse to export round timber

May 14, 2020 ` 18:04  
The Russian Government has set a target indicator: by 2024 Russian forest industry exports should reach $ 17 billion ($ 12.3 billion by the end of 2019). Under these conditions, the question of the introduction of lumber duties...

Bergs Timber to close Gransjö sawmill in Sweden

May 14, 2020 ` 14:51  
The Board of Directors of Bergs Timber has decided to immediately initiate discussion with the unions to close Gransjö sawmill in Sweden. The sawmilling business will cease as soon as possible and the remaining business during the autumn...

Metsä to build a large sawmill in Rauma, Finland

May 13, 2020 ` 18:50  
The value of the Rauma sawmill investment is approximately EUR 200 million, and the new unit will produce around 750,000 cubic metres of pine sawn timber a year. The new sawmill will use machine vision and artificial intelligence...

RFP Group, the largest company in the Russian Far East, may change of ownership

May 13, 2020 ` 18:25  
The main shareholders of the RFP Group Roman Abramovich, Alexander Abramov and Alexander Frolov want to cut their shares in the company, Kommersant reports. This refers to finding a new investor who is ready to acquire an equity...

Rozas company to invest 260.5 million rubles into OSB production in the Perm region

May 12, 2020 ` 17:23  
The company Rozas is specializing in timber harvesting and woodworking and ready to invest 260.5 million rubles in the construction of a new line for the production of OSB from deadwood. This will increase the efficiency of processing...

Russian Federation Government has approved a list of system-forming forest industry companies and measures to support them for COVID-19 period

According to the decree of May 10, 2020 No. 651, 35 forest industry companies and 18 furniture industry companies were included in the list of backbone enterprises of the country: Forest industry companies: OAO “Arkhangel’skiy TSBK” OOO PKP...

Segezha Group is on the rise of log supply chain

May 11, 2020 ` 14:10  
At the beginning of 2020, Segezha Group acquired a sawmill asset of Karelian Wood Company, which has leased forest areas (please refer to the issue Russian Wood Resources Report 01-2020). In addition to additional 205,000 m3/y by AAC,...