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Tag: China

Setra announces its 2020 1H Results

13 July 2020 ` 18:14  
In 1H 2020, sales of the Swedish Setra Group decreased by 7.4% YoY to SEK 2,203 million ($ 239 million). Operating profit fell 49.6% YoY to SEK 59 million ($ 6,4 million). The effects of the COVID-19 virus continue...

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

1 July 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...

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

22 June 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...

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

19 June 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 Timber Journal 05-2020: how the current decline in exports of timber products caused by COVID-19 is similar to the situation of the 2008-2009 crisis; the Russian Government granted a six-month deferral to priority investment projects in the forest sector; DNS Les started producing OSB in Primorsky region

Russian Timber Journal 05-2020: comparing the 2008-2009 crisis with the current decline of forest products exports during the pandemic; in the Russian Far East was opened the first OSB production; the Russian government has granted a six-month deferment to...

In 1Q 2020 Russian sawn timber exports to China decreased by 15%

27 May 2020 ` 18:05  
The volume exports of Russian sawn timber to China in 1Q 2020 decreased by 15% QOQ to 3.9 million m³. The decrease in consumption in the Chinese market due to the restrictions introduced, against the backdrop of the...

UPM: Sales decreased by 15% to EUR 2,287 million in Q1 2020

25 May 2020 ` 17:45  
Sales decreased by 15% to EUR 2,287 million (2,693 million in Q1 2019) due to lower pulp and paper prices and lower deliveries of graphic papers. Comparable EBIT decreased by 26% to EUR 279 million (374 million). UPM...

Russian Timber Journal 04-2020: Opinion poll of Russian timber companies on the impacts of the coronavirus on outputs and sales; the Government of the Russian Federation approved a list of systemic timber enterprises and measures to support them; how the spread of COVID-19 affects operations of world timber companies (update)

Russian Timber Journal 04-2020: in mid-May 2020, WhatWood agency conducted an express survey of the largest timber industry players about how the coronavirus epidemic affected their production activities and the sales situation; the Government of the Russian Federation approved...

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

20 May 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...

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

13 May 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...

World Forest Sector during the Pandemic: China

6 May 2020 ` 12:18  
According to the figures provided by the National Bureau of Statistics of China (NBS), the Purchasing Managers’ Index (PMI) in the manufacturing sector of China rose from a record low of 35.7 in February to 52 in March....

Japan: the decline to a slower pace of housing construction

4 May 2020 ` 14:42  
Corona virus disrupts supply chain Japanese house builders are having shortage of housing materials since many are supplied from China and the supply is disrupted by wide spread of corona virus disease in China, reports ITTO. Since workers...