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Dropping markedly after two weeks flat, for the week ending August 5, 2022 the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was $610 mfbm, according to Madison’s Lumber Reporter. This is down by...

Mondi plc has agreed to acquire the Duino mill near Trieste (Italy) from the Burgo Group for a total consideration of €40 million. The mill currently operates one paper machine producing lightweight coated mechanical paper. Mondi plans to...

Mondi PLC announced it had entered into an agreement to sell Syktyvkar mill, its most significant facility in Russia, for around €1.5 billion. The disposal is conditional on the approval of the Russian government. The deal is also...

The mill in Manturovo has started up a new automated cutting line for making non-standard plywood sizes. The new line has high energy conservation and energy efficiency performance. The total cost of the project is 43 million rubles....

Iveco has a 33% stake in the AMT truck assembly joint venture with a local partner. Earlier this year, Marx said Iveco had started assessing whether to exit the JV and that, in the meantime, it had suspended...

According to Rosleskhoz, in 2021, timber harvesting in Russia increased by 3.7% YoY to 225 million m³. Almost a third of all harvested timber in 2021 came from the Siberian Federal District.

At St. Petersburg International Economic Forum (SPIEF 2022), Alexey Mordashov, owner of Severgroup that owns Sveza Group, reported a sharp decline of output in his timber business. “Our output volume has taken a nosedive both in the timber...

The Ministry of Natural Resources suggests that the Government transform the Federal Forestry Agency (Rosleskhoz) into the Federal Service for Supervision of Forestry and endow it with extended authorities of controlling regional executive bodies in charge of preservation...

The Ministry of Natural Resources declared that it developed a draft bill under which the authority of providing forest areas for timber harvesting within the implementation of priority investment projects shall be transferred to the federal level, as...

According to Rosstat, sawn timber production in Russia in 1H 2022 decreased by 1.9% YoY to 14.7 million m³. In June 2022 sawn timber production down 9.4% from June 2021.

In 1H 2022, plywood production in Russia decreased by 16% YoY to 1.9 million m³, according to Rosstat. Production declines for the fourth month in a row: in June 2022 it decreased by 1.6% compared to the previous...

Tetra Pak today announced that it will be exiting its remaining operations in Russia. This is due to the cumulative impact of the restrictions on exports to Russia leading to an unsustainable supply chain, as a result of...