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As follows from a press release of the company, Sveza will invest 400 million rubles to modernize its plant in the village of Uralsky in 2023. The funds will be used to enhance the environmental safety, to comprehensively...

Russian plywood mills reduced their outputs by 28.6% YoY to 738,000 m³ in Q1 2023, as follows from the published data of Rosstat. The output of plywood also declined significantly in March 2023 compared to the same period...

Kommersant, a daily newspaper, reports that some Russian plywood producers may cease operations or significantly raise prices for their products. The newspaper explains that the situation was caused by the shortage of a key component for the production...

As follows from the extract from the Unified State Register of Legal Entities, the new owners of the IKEA plant in the town of Veliky Novgorod changed the legal name of the enterprise from Ikea Industry Novgorod LLC...

Toilet paper production reached a historic high in Russia, says the Rossiyskaya Gazeta newspaper referencing data from Roslesinforg. The toilet paper output increased by 21.1% YoY in 2022, up to 6.986 billion rolls.

Segezha Group closed the deal on selling Segezha Packaging, the enterprise that produces paper packaging in Europe, Mikhail Shamolin, President, told journalists on March 31, 2023. The transaction amount is not disclosed. Segezha Packaging includes seven plants producing...

Cherepovetsles has launched a line of planed moldings at its Koskisilva enterprise in the Sheksninsky District, which used to belong to Koskisen. In March 2022, the Finnish company announced the termination of its operations in Russia and sold...

There are plans to launch production of sawn timber, wood briquettes, and charcoal briquettes in the south of the Krasnoyarsk Region, as reported by the Yenisey Siberia Development Corporation. The investment will reach 3 billion rubles. The investor’s...

Problems with export from the Tomsk Region to Asian countries force large local companies to suspend production, says Andrey Knorr, Vice Governor of the region. According to him, the region’s timber enterprises are putting their investment projects on...

Invest Plus LLC closed the deal on purchasing IKEA’s largest production asset in Russia — Ikea Industry Novgorod, as reported by the Agency for Communication Strategies. The beneficiary owner of Invest Plus LLC is Vadim Osipov, Director General...

The Government of the Nizhny Novgorod Region approved the decree on deferring the rent payments for timber harvesting areas. The deferral applies to parts of the payments exceeding the minimum rent amount. This respite is provided for up...

Analysts from the WhatWood agency prepared the quarterly analytical Russian Forest Industry Review in 2022-2023. This is a completely new product that includes a detailed analysis of the condition of Russian timber industry segments and its key trends....