Timber industry research & analytics M&A 
HS Timber Group completes acquisition of Kurekss SIA
November 6, 2025 ` 16:16
HS Timber Group has completed the acquisition of Kurekss SIA and its subsidiary Kurzemes Granulas SIA following approval from the Latvian competition authority. The transaction amount was not disclosed. Kurekss SIA is one of Latvia’s leading sawn timber...
ANDRITZ acquires Allen-Sherman-Hoff
November 6, 2025 ` 16:05
International technology group ANDRITZ has acquired U.S.-based Allen-Sherman-Hoff from Babcock & Wilcox Enterprises, Inc. The transaction, the amount of which was not disclosed, is aimed at strengthening ANDRITZ’s position in the boiler service and modernization sector. Allen-Sherman-Hoff specializes...
Russian Timber Journal 05-2025: Interview with Henric Endoff, CEO of AGENDA Business Development AB; OSB price trends in Russia: a five-year market overview in 2019–2024; Plywood production in Russia reaches highest level since February 2022; In 2024, members of the AMDPR received preferential loans from the Industrial Development Fund totaling over RUB 2 billion; Arkhbum Tissue Group launches second phase of hygiene products plant; SFT Group launches new Kartontara-2 plant in Adygea; Segezha Group raises RUB 113 billion through additional share issue to reduce debt load; Cesar-Invest has officially rebranded as Taiga Group
June 18, 2025 ` 15:48
Russian Timber Journal 05-2025: Interview with Henric Endoff, CEO of AGENDA Business Development AB; OSB price trends in Russia: a five-year market overview in 2019–2024; Plywood production in Russia reaches highest level since February 2022; In 2024, members of the Association of...
Russian Timber Journal 04-2025: Interview with Stanislav Serov, Russia Business Development Director at EGGER; Russian timber industry performance in 2024: WhatWood’s version; Russian timber harvest increased by 3.4% YoY in 2024, up to 194.3 million m³; plywood production in Russia grew by 1.9% in Q1 2025; MoloPak started up a new production site worth 1.3 billion rubles in the Moscow Region; waste paper prices in Russia exceeded 20,000 rubles per ton; record-breaking amount of paper and cardboard was produced in Russia in March 2025
May 19, 2025 ` 18:05
Russian Timber Journal 04-2025: Stanislav Serov, Russia Business Development Director at EGGER: “We have intentionally reoriented our sales from furniture factories to professional distribution”; Russian timber industry performance in 2024: WhatWood’s version; Russian timber harvest increased by 3.4% YoY in...
Syktyvkar Plywood Mill has a new owner
March 20, 2025 ` 10:25
As a result of the closed deal whose value was not disclosed, 83.3% of the company’s shares were transferred to Balchug Capital (registered in Armenia). The transaction was approved by the Government Commission for Control of Foreign Investment...
Sveza acquired new assets in the cardboard and paper industry
February 17, 2025 ` 20:31
Sveza announced the purchase of assets from MMPOF—a group in the Northwestern Federal District that produces cardboard packaging and special-purpose paper. This was reported in the timber group’s press release. The Federal Anti-Monopoly Service of Russia approved the...
Russian Timber Journal 01-2025: Interview with Denis Kumirov, Deputy Director General for Raw Material Provision at JSC Volga; Sawn timber production in the global market is reducing for the third year in a row — WhatWood analysis article; Businesses asked to postpone the introduction of FGIS LK by three months; Sveza acquired new assets in the cardboard and paper industry; Kappa Rus purchased Okulovka Paper Mill; VLP Group will invest over 2 billion rubles in upgrading LDK No. 3; Production of plywood in Russia increased by 5.1% in 2024; SFT Group will invest 20 billion rubles in corrugated cardboard production in Adygea; Volga started up PMM6
February 13, 2025 ` 16:29
Russian Timber Journal 01-2025: Denis Kumirov, Deputy Director General for Raw Material Provision at JSC Volga: “If our contractors were thinking about further development before, these Key Rate and leasing rate make it virtually impossible to buy anything”; Sawn...
Balchug Capital acquired Syktyvkar Plywood Mill
January 22, 2025 ` 10:16
The amount of the transaction is not being disclosed. The source of funding was a syndicate of Armenian banks. The transaction was approved by the Government Commission on Monitoring Foreign Investments in the Russian Federation. Balchug Capital is...
Russian Timber Journal 09-2024: Interview with Alexey Garmash, CEO, Novomorsnab LLC; Value of investment in the Russian timber industry grew by 40% in Q3 2024; In January—October, the Russian timber harvest increased by 4.2% YoY; Plywood production in Russia has been growing for three consecutive months; Russian furniture may become 15% more expensive because of duties imposed on Chinese hardware; Wood biofuel production in Russia over 10 months of 2024: a sharp surge of wood briquettes and a decline in wood pellet production; Segezha Group shared its financial performance over 9 months of 2024
December 13, 2024 ` 11:10
Russian Timber Journal 09-2024: Interview with Alexey Garmash, CEO, Novomorsnab LLC; Value of investment in the Russian timber industry grew by 40% in Q3 2024; In January—October, the Russian timber harvest increased by 4.2% YoY; Plywood production in Russia...
Russian Timber Journal 08-2024: Interview with Alexey Lyapunov, Head of Export Sales to Africa at Sveza; Sawlogs preservation experience of timber harvesting companies — analytical paper; European Union postponed the Deforestation-Free Regulation (EUDR) by one year; European Union launches anti-dumping investigation into Chinese plywood imports; Plywood production in Russia increased by 4.6% in January – September 2024; Over 9 months of 2024, furniture production in the Northwestern Federal District increased by 23% in monetary terms; Russian pellets will start supplying to China; Segezha Group intends to raise up to 101 billion rubles during the planned additional share issue
November 25, 2024 ` 11:41
Russian Timber Journal 08-2024: Alexey Lyapunov, Head of Export Sales to Africa at Sveza: “Timber companies need reliable payment channels to enter new markets successfully”; Sawlogs preservation experience of timber harvesting companies — this material was prepared by WhatWood analysts...
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...
