Tag: Finland

Russian Timber Journal 08-2020: Ranking of Top 100 Russian timber industry companies in 2019: slowing down as global economy growth decelerates; interview with Management at Metadynea – Russia’s largest synthetic resins producer; the Russian wood-based panel sector is trying to recover from the recession of the coronavirus crisis

Russian Timber Journal 08-2020: the total revenue of the Top-100 forestry companies in 2019 amounted to RUB 1.19 trillion, which in current prices is only 0.44% more than in 2018, and this is the minimum growth rate over...

UPM to restructure several paper businesses

To ensure future competitiveness of UPM Communication Papers, UPM announces plans for permanent closing of UPM Kaipola paper mill in Finland, sale of UPM Shotton paper mill in Wales and streamlining Communication Papers business function teams. In addition,...

Russian Timber Journal 07-2020: small enterprises are mastering OSB production; Russian Government gave new instructions for the development of the timber industry; Viktoria Abramchenko, Russian Deputy Prime Minister, proposes to combine the powers of forestry and timber industry in one federal body

Russian Timber Journal 07-2020: small enterprises are mastering OSB production, interview with the head of Rozas LLC, an OSB production newcomer; Russian Government gave new instructions for the development of the timber industry; Viktoria Abramchenko, Russian Deputy Prime...

In May 2020 Finland reduced timber harvesting by 14%

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...

Luke: in Finland, wood fuel use reaches record highs over year

Wood fuel consumption in the country reached record levels. The burning of wood chips and by-products of the forest industry, as well as wood waste at thermal power plants increased compared to the previous year. Luke says that...

UPM Plywood is planning to scale down plywood production in Finland

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...

Logs exports from Russia to Finland is declining a moderate pace

In 1Q 2020, softwood and hardwood logs exports from Russia to Finland decreased by 8.8% to 1.12 million m3. However, exports of hardwood raw materials almost did not change: there was just a slight decrease of 1.4% to...

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...

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

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...

Metsä to build a large sawmill in Rauma, Finland

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...

Metsä Group’s sales drop in Q1 2020

According to the official website of the Metsa Group, in the first quarter of 2020, sales amounted to EUR 1.253 billion, which is 12.9% less than a year earlier. Operating profit for the reporting period decreased by 66.7%...

Russian Timber Journal 07-2019: Slowdown in Russian economic growth in H1 2019; for 5 months 2019, the EU has reduced the volume of import of pellets; Federal Forestry Agency: timber harvesting in the Russian constituent entities for 10 years; export of parquet from the European Union decreased; CEPI has published statistics on the securities industry for 2018

Russian Timber Journal 07-2019: Slowdown in Russian economic growth in H1 2019;  for 5 months 2019, the EU has reduced the volume of import of pellets; Federal Forestry Agency: timber harvesting in the Russian constituent entities for 10 years; export...