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Tag: Metsa Group

Metsä Group may surrender lease on forest areas in the Leningrad Region

21 August 2023 ` 19:13  
Metsä Forest Podporozhye, a timber harvesting company that is part of Metsä Group (Finland), is planning to terminate employment contracts with all of its workers by mutual consent of the parties by October 2023, as reported by Novy...

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...

Metsä Group suspended operations at Metsä Svir sawmill

29 March 2022 ` 20:17  
Metsä Group (Finland) announced suspension of operations at its only production unit in the Leningrad Region, Russia. Raw material purchasing and supplies to the Group’s Finnish and Swedish plants were also terminated. According to the investment web portal...

Metsä Group’s sales drop in Q1 2020

29 April 2020 ` 16:45  
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%...

By 2023 Metsä Group will invest about €2 billion in the development of business projects for wood processing

3 May 2019 ` 16:00  
Metsä Group continues to implement its strategy and begins preliminary development of engineering projects related to the construction of a new plant for the production of biological products in Kemi and a new sawmill in Rauma in Finland,...

A wooden Metsä pavilion for the 2020 Olympic Games will be built in Tokyo

7 February 2019 ` 16:00  
Metsä Group and Business Finland are joining forces in building a wooden Metsä pavilion to be used in Tokio during the Olympic games. The pavilion will be built on the grounds of the Finnish Embassy in the center of...

Global timber market review #12-2016

10 July 2016 ` 12:46  
– After the excellent annual result in 2015 with an increase of 10.9% and in total over 100m EPAL pallets, 73.6m of which were newly produced EPAL Euro pallets, the upward trend is continuing in the first quarter...

Global timber market review #3-2016

28 February 2016 ` 16:18  
– The decline in Canada’s sawnwood exports to China has turned sawmills to look for alternative export markets. Possible candidates to make up for the weak low-grade lumber market in China are South Korea, Japan, India and other...

Global timber market review #17-2015

14 September 2015 ` 22:38  
– According to a representative from one of the main redwood markets in Beijing, some 12 stores selling redwood products have closed and only 2 remained open as of the end of July. The future for solid wood...

Global timber market review #9-2015

4 June 2015 ` 00:21  
– Japan housing starts recovered unexpectedly in March, ITTO reported, +0.7% in March from last year, confounding expectations for a fall of 1.9 percent. – Finnish sawmilling company Keitele Wood Products Oy is completing a new 70,000 m3...