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RusForest, a Swedish forestry company with operations in Russia, released its first quarter 2013 interim report. Revenue increased by 43% to SEK 156.9 million (€18.26 million), net profit after the bond restructuring amounted to SEK 188.1 million (€21.89...

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 region governor Sergei Yeroschenko visited Igirma sawmill on May 27 where priority investment project is being implemented. According to deputy CEO of the mill Viktor Mukorez, in 2013 Igirma mill is to reach full capacity. The company...

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...

At the website of the Russian Government, the Decree #419 as of May 15, 2013 is published. In accordance with the decree, the list of equipment which has no analogues produced in Russia and is therefore not subject...

Swedish company RusForest operating in Russia has closed the sale of Shenkursk sawmill in Arkhangelsk region for $1 million. The sawmill has an annual capacity of 80,000 cubic metres of sawnwood, but it has no forestry leases nearby...

The Arbitration Court of Karelia admitted bankruptcy status of Pitkyaranta pulpmill, according to Forest Portal of Karelia. Thus, the court approved the application of the enterprise on its own insolvency. The mill opened bankruptcy proceedings for a period...

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...

Chief Executive of DOK Kalevala (Petrozavodsk, Karelia) Valery Puchkov announced to LesPromInform journal that the mill produced its first OSB panels. At the moment, specialists of the mill complete start-up and commissioning to prepare the equipment for industrial...

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...

New line of Ilim Group at its mill in Bratsk (Irkutsk region) produced its first volume of market pulp. This is the key stage of Big Bratsk project of the company. Within next six months, the line will...

Rusforest Group issued annual report for 2012. Company’s total turnover for 2012 amounted to SEK 564.3 million ($85.5 million) compared to SEK 409.4 million ($62 million) in 2011. These results were affected by the inclusion of income and...