Tag: Drax

Drax: Pellet production up 54% in 1H 2022

Drax Group plc released financial and operational results for the first half of 2022, reporting significant increases in both operating profit and wood pellet production when compared to the same six-month period of 2021. Drax produced approximately 2...

Russian Timber Journal 02-2022: interview with Jean-Francois Guilbert, Managing Director of FrenchTimber; survey of WhatWood clients on 2021 performance and prospects for 2022; how anti-Russian sanctions will affect the Russian timber industry; Government of the Russian Federation articulated support measures for the timber industry; ULK Group suspends construction of Pinezhsky LPK; some foreign timber companies suspend their activities in Russia

Russian Timber Journal 02-2022: Jean-Francois Guilbert, Managing Director of FrenchTimber: “Sawn timber prices have been stable for 20 years so they’re catching up now”; WhatWood surveyed its clients — actors in the Russian timber industry market – in order...

Russian Timber Journal 11-2021: Interview with Metin Mete, General Manager at HAYAT Russia; U.S. has decided to almost double the duties on Canadian softwood lumber; U.S. homebuilding surged to an eight-month high in November 2021; Government of the Russian Federation approved the purchase of 75% of RFP Group by a Japanese investor; Russian Railways reports a significant reduction of timber cargo export from Russia in December

Russian Timber Journal 11-2021: Metin Mete, General Manager at HAYAT Russia: “The whole market of paper tissue products is growing by an average of 5% a year”; U.S. has decided to almost double the duties on Canadian softwood lumber...

Russian Timber Journal 09-2021: Interview with Tapani Kiiski, President and CEO of Raute Corporation; current situation in the roundwood market, industry’s opportunities and restrictions from 2022; Segezha Group agrees to acquire forestry assets in Siberia for $515 million; Ikea expects shortages due to supply-chain crisis until mid-2022; Oktyabrsky LZK is going to invest over 1 billion rubles to build a sawmill in the Irkutsk Region

Russian Timber Journal 09-2021: Tapani Kiiski, President and CEO of Raute Corporation: “The Russian market has been among the most important ones for Raute over the past 10 years”; current situation in the roundwood market, industry’s opportunities and restrictions...

Russian Timber Journal 05-2021: Interview with Vadim Vodolazko, General Director of Schmidt & Olofson; The European Commission introduces temporary anti-dumping measures against the import of birch plywood from Russia; Russian Government introduces duties on the export of timber with a moisture content of over 22%; Smurfit Kappa to invest over 1 billion rubles to expand its production in the Leningrad region; Segezha Group and the Republic of Karelia confirm intention to construct a pulp and paper industrial complex

Russian Timber Journal 05-2021: Vadim Vodolazko, General Director of Schmidt & Olofson: “According to our estimates, 10-15% of harvested timber is lost en route from the forest log depot to the mill log yard”; information on preliminary anti-dumping duties...

Russian Timber Journal 02-2021: interview with Russ Taylor, President of Russ Taylor Global; Russian sawn timber market in 2020, outlook for 2021; Metsä Fibre going ahead with € 1.6 billion Kemi bioproduct mill investment; Segezha Group acquires Novoyeniseiskiy Wood Chemical Complex; Uvadrev places an order from Siempelkamp

Russian Timber Journal 02-2021: interview with Russ Taylor, President of Russ Taylor Global; Russian sawn timber market in 2020, outlook for 2021; Metsä Fibre going ahead with € 1.6 billion Kemi bioproduct mill investment; Segezha Group acquires Novoyeniseiskiy Wood Chemical Complex; Uvadrev places an...

Drax to acquire Pinnacle for $582 million

Drax has agreed to acquire Pinnacle Renewable Energy (Pinnacle), through its indirect, wholly-owned subsidiary Drax Canadian Holdings in a deal worth C$741m ($582m). Pinnacle operates 2.5 million tonnes of biomass capacity at sites in Western Canada and the...

Global Trends Review, May 19 – June 01, 2014: China’s domestic timber output share remained at 51%; European Q1 timber trade statistics

China’s domestic timber production rose 2% to 83.67 million m3 in 2013, ITTO reported. Timber imports (logs and sawnwood) rose 18% to 79.16 million m3 log equivalent, and the value of China’s timber imports grew 26% to $16.1...

Global Trends Review, November 11-17, 2013: Danish pellet imports to reach 3 million t by 2020; mixed fortunes for equipment producers in Q3

The Danish government has issued a report on its domestic market for wood pellets with the USDA Foreign Agricultural Service’s Global Agricultural Information Network. According to the report quoted by Fordaq, Denmark is the number one importer of...

Global Trends Review, September 23-29, 2013: Asian countries continue to drive demand for European softwood lumber; EU parquet demand declining

Glue-laminated timber was not able to achieve satisfactory profit margin in Central Europe this year, and finally in September, price mark-ups for glulam were made in Italy and Germany, though they did not reach the goal totally, Holzkurier...