Timber industry research & analytics Financial results 
Russian Timber Journal 07-2024: Interview with Timur Irtuganov, Director General, AFWIER; Slow economic revival in the Russian timber industry is beginning to fade; Russian plywood production grew by 3.9% over 8 months of 2024; Legal liquidation of Baykalsky PPM is completed; Retail furniture sales in Russia grew by 10% in H1 2024; Timber trading volume at SPIMEX exceeded 4 million m³; More than 3 million m³ of sawn timber has been exported from the Krasnoyarsk Region since the beginning of 2024; Birch plywood export from the Kirov Region to China increased by 5 times
October 24, 2024 ` 20:38
Russian Timber Journal 07-2024: Interview with Timur Irtuganov, Director General, AFWIER; Slow economic revival in the Russian timber industry is beginning to fade; Russian plywood production grew by 3.9% over 8 months of 2024; Legal liquidation of Baykalsky PPM is completed; Retail...
Russian Timber Journal 06-2024: Interview with Chongqing Chensen Timber, a Chinese sawn timber trader; Rosleskhoz published final harvesting volumes performance by Russian regions; U.S. nearly doubles duty on Canadian softwood lumber; Sveza purchased Kama PPM; Segezha Group will issue new shares; Ministry of Industry and Trade included a wood processing project by Forest Travel LLC in the list of priority projects; new plywood production facilities were commissioned in the Khabarovsk Region; a Chinese investor will start producing veneer and plywood in the Perm Region by the end of 2024; furniture production in the Northwestern Federal District grew by over 20% in H1 2024
September 23, 2024 ` 15:58
Russian Timber Journal 06-2024: Interview with Chongqing Chensen Timber, a Chinese sawn timber trader: “The supply of sawn timber currently exceeds the demand”; Rosleskhoz published final harvesting volumes performance by Russian regions: the Russian timber harvest has been reducing for...
Segezha Group will issue new shares
September 6, 2024 ` 14:20
During a teleconference with investors about the Q2 2024 financial reporting indicators, Alexander Kreshchenko, President of Segezha Group, reported that the Group’s management team had decided to issue new shares. The details are to be provided in the...
Russian Timber Journal 04-2024: Interview with Nadezhda Ryazantseva, Analytics Director, Segezha Group; European Union imposes anti-dumping duties on birch plywood from Kazakhstan and Turkey; VLP Group purchased all assets of Metsä Group in the Leningrad Region; Sheksna Wood-Based Panels Plant launched a new MDF production line; after a two-month growth, the plywood production in Russia dropped by 6.2% MoM in April; Ilim Group is planning to implement two investment projects in the Irkutsk Region; in Q1 2024, furniture production grew considerably; in Q1 2024, the roundwood export from Russia grew by 14.6%; birch veneer export from the Vologda Region surged by almost one third
June 17, 2024 ` 16:40
Russian Timber Journal 04-2024: Nadezhda Ryazantseva, Analytics Director, Segezha Group: “In Q1 2024, we saw an increase of demand and prices in some locations”; the European Union announced the imposition of anti-dumping duties on Kazakhstan and Turkey of...
Russian Timber Journal 03-2024: Interview with Evgeny Peshin, Head of Neoparma LLC; a shortage of high-quality raw material for plywood may emerge in the Russian market; Segezha Group published its financial and operational performance results for Q4 2023; International Paper acquires DS Smith for $7.2 billion; Russian timber harvest reached 188 million m³ in 2023; built-in furniture may be included in the mortgage amount; in 2024, Ilim Group is planning to increase its product shipments to China to 2.4 million t; in 2023, investment in the Russian timber industry dropped by 4.8%, down to 188.8 billion rubles
May 2, 2024 ` 15:49
Russian Timber Journal 03-2024: Evgeny Peshin, Head of Neoparma LLC: “Our line is designed for small and medium companies, and this category of entrepreneurs has no access to investment funds”; a shortage of high-quality raw material for plywood may emerge...
Russian Timber Journal 01-2024: Interview with Russ Taylor, President of the international consulting company Russ Taylor Global; Sawmilling market in Russia in 2023: reducing production volumes for the second consecutive year; Suez Canal traffic down 60%; The volume of transported timber grew by 12.9% in 2023; VLP Group may purchase Metsä’s timber assets in Russia; Ufa Plywood Mill is listed for sale for 1 billion rubles; In 2023, timber transportation by the Russian Railways network reduced by 9.1%, down to 37.1 million t; As of January 1, 2024, the VAT rate for children’s furniture is reduced from 20% to 10%; Saint Petersburg R&D Institute levied 1.3 billion rubles from IKEA after it refused to build the Mega Shopping Mall
February 20, 2024 ` 19:12
Russian Timber Journal 01-2024: Interview with Russ Taylor, President of the international consulting company Russ Taylor Global; Sawmilling market in Russia in 2023: reducing production volumes for the second consecutive year; Suez Canal traffic down 60%; The volume of transported...
Financial performance of the Russian timber industry began to improve but is still far from the 2021 peaks
January 15, 2024 ` 20:59
Q1 2022 saw the historic high of timber enterprises’ quarterly revenue (740 billion rubles). The financial performance began to deteriorate drastically starting from Q2 2022 as European markets became unavailable. According to an estimate by WhatWood, in 2022,...
Russian Timber Journal 11-2023: Segezha Group’s financial and operating results for Q1-Q3, 2023 and scenarios for 2024; Financial performance of the Russian timber industry began to improve but is still far from the 2021 peaks; Rates of timber harvest decline relative to 2022 are decelerating; Russian plywood production reached 3 million m³ over 11 months of 2023; Construction of a packaging plant worth 19 billion rubles began in the Moscow Region; Ilim Group completed the construction of a pulp-and-cardboard mill
January 15, 2024 ` 10:40
Russian Timber Journal 11-2023: Segezha Group shared its performance over 9 months of 2023, WhatWood quotes the company’s key production and financial performance indicators and presents an adapted management report; According to an estimate by WhatWood, in 2022,...
Russian Timber Journal 10-2023: Interview with Andrey Krivoshein, Vice President of the Chamber of Commerce and Industry of Komi; Russia’s wood pellet industry: from a rapid growth to challenging times; US housing starts unexpectedly rise to a six-month high; Russian roundwood price growth accelerated in November; A large particleboard production site is planned in the Penza Region; Russian plywood output increased in October 2023; Komi is planning to double its wood pellet consumption due to boiler houses upgrading
December 27, 2023 ` 15:59
Russian Timber Journal 10-2023: Andrey Krivoshein, Vice President of the Chamber of Commerce and Industry of Komi: “Conversion from fuel oil and coal to biofuel will have a huge synergy effect”; Russia’s wood pellet industry: from a rapid growth to...
Segezha Group announces financial and operating results for Q3/2023
December 6, 2023 ` 16:43
Segezha Group announces its unaudited consolidated financial results and operating results for Q3 2023. Revenue was up 13% QoQ to RUB 23.9 billion, driven by the increased sales volumes of the Group’s finished products. The weakening of the...
Russian Timber Journal 09-2023: Interview with Oleg Fokin, Director for Timber Export at Technonicol; Demand for furniture boards exceeded the supply in October; Global pulp prices have fallen steadily since late 2022, when they reached record highs; Timber products export by trucks to Mongolia and China was allowed for two more years; Segezha Group announces financial and operating results for Q3/2023; Ministry of Industry and Trade suggested cancelling the export duty on pulp and paper products; Russian furniture output surged; Over 9 months of 2023, the Russian roundwood export to EEU countries grew by almost 15%
December 5, 2023 ` 16:51
Russian Timber Journal 09-2023: Oleg Fokin, Director for Timber Export at Technonicol: “Now is a good time to invest in the woodworking industry”; Demand for furniture boards exceeded the supply in October; Global pulp prices have fallen steadily since late...
Russian Timber Journal 07-2023: interview with Segezha Group President Mikhail Shamolin after the announcement of the company’s financial and operating results for Q2 2023; Russian timber industry in 1H 2023: cautious signs of recovery; Mondi announces agreement to sell Mondi Syktyvkar; transaction on International Paper stake buyout by Russian shareholders is closed; Cherepovets Plywood and Furniture Plant and VLP Group have completed a major investment project on building a plywood mill in the Vologda region; Association of Furniture and Woodworking Enterprises of Russia: in H1 2023, the Russian furniture output increased; President of the Russian Federation instructed to accelerate the issuance of documents for building multi-story wooden houses
September 28, 2023 ` 18:39
Russian Timber Journal 07-2023: Mikhail Shamolin, President at Segezha Group: “The price levels we have now reached reflect the current global situation”; Russian timber industry in 1H 2023: cautious signs of recovery; Mondi announces that it has entered into an...
