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Tag: Canfor

Russian Timber Journal 02-2023: interview with Yuri Strezhen, CEO at Praktika Group; state support measures for the Russian timber industry affected by the sanctions pressure; China reduced log imports from all the main suppliers in 2022; Vladimir Putin proposed to grant enterprises a deferment on forest area lease payments for unharvested timber; the Government of the Russian Federation increased the maximum amount of compensation for the expenses of timber enterprises for the transportation of their products; in 2022, Russia reduced the volume of logging by 13.5% to 194.6 million m³, according to Roslesinforg; Russian Railways resumed accepting sawn timber for export shipments through Kazakhstan; International Paper reaches agreement to sell ownership interest in Ilim joint venture; Segezha Group may reorient the Segezha West project to new products; the volume of furniture export from Russia dropped by 39% YoY in 2022, down to 29.5 billion rubles; Luzales and Slotex acquire Russian assets of IKEA

Russian Timber Journal 02-2023: Yuri Strezhen, CEO at Praktika Group: “This is a good time to improve the efficiency of both production and administrative processes of enterprises”; support measures mentioned by the business, relevant agencies, regions, the Government...

Canfor subsidiary completes purchase of Swedish sawmills

3 September 2020 ` 18:30  
Canfor’s Swedish subsidiary, Vida Group, has completed a purchase of three sawmills in the Scandanavian country. It follows on a June 17 announcement that Vida entered an agreement to buy the mills for $43 million plus working capital....

Global timber market review #18-2015

5 October 2015 ` 13:46  
– After adjusting production at its spruce sawmills in Finland, Metsä Wood will start statutory employee negotiations to adjust also pine lumber production due to oversupply and price competition. – European lumber exports to Japan in the first...

Global timber market review #7-2015

20 April 2015 ` 15:52  
– Ukrainian parliament (Verkhovha Rada) has imposed a 10-year ban on unprocessed log exports. – Despite the decline in domestic consumption by 11%, Sweden’s wood pellet production increased by 4% in 2014, mainly due to increased exports. –...

Global Trends Review, November 25 – December 01, 2013: lumber trade hindered by protectionism; CLT may add value to the European market

5 December 2013 ` 03:40  
At the Timber Market conference, organised by the Swedish Forest Industries Federation, it was reported that global timber market growth is expected in 2014, but protectionism in some markets constitutes a problem, TTJ said. Swedish exports to North...

Global Trends Review, November 04-10, 2013: panel capacities return to market; crossfire of duties between US & China

15 November 2013 ` 01:19  
Pollmeier is expected to start up its new beech LVL factory in Germany in February 2014. The launch of sales is scheduled for March, says Holzkurier journal quoting company CEO Ralf Pollmeier. Major equipment is already installed. The...

Global Trends Review, April 29 – May 05, 2013: Canadian quarterly reports: NBSK up, paper down, and OSB surging

7 May 2013 ` 02:43  
Major Canadian and North-West U.S. companies posted first-quarter results last week. Mercer International Inc., operating in Canada and Germany, reported net loss of €0.4 million compared to net income of €1.2 million in 1Q 2012. Total revenues for...