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The revenue of JSC Volga reduced by 1.8% YoY in 2023, down to 13.6 billion rubles. The company’s net profit dropped by 25.8% YoY over the reporting period, down to almost 1.84 billion rubles. Interfax quotes the company’s...

In January 2024, the production of paper and paper goods in the capital surged by 45.3% YoY, as reported by the Information Center of the Moscow Government referencing Vladimir Yefimov, Deputy Mayor for Economic Policy and Property &...

Taiga Boguchany LLC is planning to identify the key physical volumes of the biotechnology complex construction and make an investment decision by December 2024, as reported by Kommersant. According to Interfax, the plant’s potential capacity has now increased...

Over the past years, Russian export of birch veneer (semi-finished goods used for plywood production and furniture board facing; essentially a low value-added product) has increased significantly. Just like with birch roundwood, the biggest buyer is China. For...

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...

The value of investments in the Russian timber industry reduced by 4.8% in 2023 compared to the record-setting performance of 2022; it amounted to 188.8 billion rubles, which is comparable to the 2021 level, according to Roslesinforg. Over...

By the end of 2024, Ilim Group intends to supply up to 550,000 t of premium cardboard (wood-free kraftliner) to the PRC market, as reported by TASS referencing Alexey Lomko, the Group’s CEO. In 2023, Ilim Group’s export...

Japan has imposed additional sanctions on Russia, prohibiting the export of 164 types of goods, according to the Ministry of Economy. The list includes woodworking equipment.

The Association of Kaliningrad Furniture Producers filed a request to Anton Alikhanov, Governor of the Kaliningrad Region, to impose a region-wide 1-year moratorium on initiating bankruptcy cases in relation to debtors from the furniture industry. Industry representatives note...

Firstly, the stock of imported sawn timber in China’s major sea ports has been continuously declining for 6 consecutive months. Secondly, industry sources in the port of Taicang report that in January 2024, the daily sales of sawn...

Nowadays, Russia is probably a unique case in the global market of sawn timber. Russian Sawn Timber Market, a monthly price review by WhatWood, reports that, on the one hand, the country is separated from the cash-flush European...

The new shop is designed for making planed structural sawn timber with preset parameters for a specific buyer. The investment value was 63 million rubles. The production capacity is 30,000 m³ of planed goods per year.