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News on Russian lumber, panel, construction, and biofuel industry.

Trust Les LLC to start production of wooden veneered panels in the Leningrad region

July 3, 2020 ` 18:03  
The expert council of the Industrial Development Fund (IDF) approved a loan of 284.2 million rubles for the implementation of Trust Les’s project (in the town of Mga, Leningrad region) for the creation of export-oriented production of wooden...

In May 2020 Finland reduced timber harvesting by 14%

July 3, 2020 ` 17:45  
In May 2020, 3.5 million m³ of roundwood was harvested for use by the forest industries in Finland. This removal volume was down 14% from the previous year and 4% above the ten-year May average. Sawlogs accounted for...

European plywood imports slump

July 2, 2020 ` 17:34  
According to analysis of latest UK Government and Eurostat statistics, total plywood imports by the EU27+UK (excluding internal trade) dropped by 16% YoY to 1.58 million m3 from January-April 2020. This follows a dip of 5.3% YoY to...

WRI: The Coronavirus has not stopped the global trade of forest products

July 1, 2020 ` 18:34  
The Coronavirus Epidemic has negatively impacted the supply chains for numerous industry sectors worldwide the past few months. Many commodity products saw reduced trade during March and April, a result of reduced demand, closures of manufacturing facilities to...

Russian plywood prices grew for the first time since February 2019

June 26, 2020 ` 12:49  
According to the Federal State Statistics Service, the average producer’s price of Russian plywood in the domestic market in May increased by 7.8% YoY to 26,595 rubles / m³ ($ 365). Export prices up to 12.4% YoY to...

Selena LPK (Bashkortostan) bought a sawmill from Kador LLC (Poland)

June 24, 2020 ` 17:52  
The company is going to increase wood processing by 50,000 m³ per year and thereby raise the output of dry birch boards and furniture blanks by 1.5 times. Additional investments of about 50 million rubles will be required.

China’s sawn timber imports from Russia in Jan-Apr 2020 down 12.8%

June 22, 2020 ` 18:25  
In January-April 2020, Russian sawn timber exports decreased by 6% YoY to 9.96 million м3. In April 2020, exports decreased by 13.3% YoY to 2.77 million м3. The largest importer of Russian sawn timber – China, in January-April...

UPM Plywood is planning to scale down plywood production in Finland

June 22, 2020 ` 16:07  
UPM Plywood is planning to permanently close its Jyväskylä plywood mill, which is producing spruce and birch plywood. The company starts a consultation process concerning the entire personnel working at the mill. The Profitability of Jyväskylä plywood mill...

Should the Russian government introduce export duties on sawn timber?

June 22, 2020 ` 13:48  
The main problem of accounting for the export of unprocessed roundwood and primary processed timber is, according to the authorities, the difference in customs duties on different commodity items of timber. For example, unprocessed or roughly processed wood,...

Norske Skog revenue declines by almost 14%

June 19, 2020 ` 14:13  
Norwegian timber holding company published a report on the results of work in 1 quarter. 2020, Norske Skog revenue declined 13.7%. The company’s revenue for the reporting period amounted to about $ 284.4 million. EBITDA for the first...

Declining of sawn timber exports from Russia: 2008-2009 Vs 2020

June 19, 2020 ` 12:30  
In the global financial crisis the downward trend lasted for six consecutive quarters in 2008-2009 (from Q4 2007 to Q1 2009). The strongest decline was in the European direction: exports from Russia dropped by 27% (which was the...

Russian particleboard exports are growing despite the situation with coronovirus

June 18, 2020 ` 15:36  
Despite the difficult epidemiological world situation in Q1 2020, particleboard exports from Russia grew by 21% and amounted to 458,000 м3. For example, in 1Q 2019, there was a decrease particleboard exports by 5.5% YoY to 378,000 м3....