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Forestry & Logging

News on forestry and logging in Russia.

Capital investments into Russian forest industry fell 17.4% in 1Q 2013

July 18, 2013 ` 05:25  
Volume of capital investments into Russian forest industry in the first quarter of the year shrank by 17.4% to RUR 20.5 billion. In the pulp & paper sector, Irkutsk region was the leader. Here, large project of Ilim...

Finnish company Satorak Oy to invest €20 billion in Russian forest industry

July 10, 2013 ` 03:06  
Finnish company Satorak Oy is going to invest €20 billion into logging and woodworking capacities in Russia within ten years, as Omsk regional press reports. An affiliate company of Satorak, ADS Finland, which was established for doing foreign...

Swedish sawmiller Rorvik Timber opened wood procurement office in Russia

June 14, 2013 ` 00:52  
Swedish company Rorvik Timber AB has opened wood procurement office in Russia. Mikhail Zhurba is appointed its administrator. The company is going to increase significantly wood deliveries from Russia to its lumber mills in southern Sweden. “Establishment of...

WhatWood analytic dep’t: Wood prices and inventories in Russia in April were stable

June 6, 2013 ` 05:14  
For most logging companies in Russia, April was an inter-seasonal month, with winter harvesting finished and shipping season and summer harvesting yet to begin. During the inter-season this year, roundwood sales are hindered with regulation #47 of the...

Irkutsk Customs convicted local company in illegal log trade to China

May 29, 2013 ` 05:21  
In Irkutsk region, a criminal investigation is initiated against a local company for illegal log exports and evasion of customs duties in especially big amounts. A company registered in Irkutsk supplied logs to Manchurian Trade Company based on...

“Forestry News”: wood pricing pecularities in Russia and Finland

May 21, 2013 ` 03:31  
According to expert forecasts, reduction of customs duties within the framework of the WTO accession could lead to a more than threefold increase in the export of logs from Russia, as said in Russian Forestry News. This will...

In 2014, Finland to abolish rotation age for logging

May 1, 2013 ` 18:23  
Next year, the new Forest Code will come into effect in Finland, which, in particular, involves the abolition of rotation age. Now the project of the document goes public examination. In an interview with Forest portal of Karelia...

Finland may become wood supplier for Karelia

April 26, 2013 ` 20:37  
Private Finnish forest owners are ready to supply wood to the Russian market, as head of the forest division of the Central Union of agricultural producers and forest owners in Finland Juha Hakkarainen said in an interview to...

Expert Council: A Challenging Start

April 26, 2013 ` 03:46  
WhatWood attended the first meeting of the Forest Industry Expert Council at State Duma on Friday, April 19. The main topic at the event was draft law on control and inventory of roundwood trade to fight illegal logging....

Ukraine to impose export duties on roundwood and wood chips

April 18, 2013 ` 14:31  
Ukraine plans to establish raw wood duty to reduce exports of raw materials from the country. Rada Committee on Industrial and Investment Policy supported the bill #2325 “On establishing the rates of export duties on timber”, which is...

VAT return cancellation, wood commodity exchange and state co-financing: proposals of regional governors to Putin at the State Council

April 16, 2013 ` 22:28  
President Vladimir Putin held a meeting of the State Council in Ulan-Ude (Buryatia Republic, Siberia) dedicated to the problems of the forest industry. The participants of the meeting discussed a lot of issues of the industry and proposed...

Russian forest industry revenue increased by 6.5% to €18.46 billion in 2012

Russian forest industry earned 733.6 billion Rubles (€18.46 billion) in 2012, which is 6.5% higher than in 2011, as said in the annual report published by WhatWood analytic department. Sales profit amounted to 52.88 billion Rubles, which is...