Blog

In May, the producers’ position was exacerbated by the higher exchange rate of the national currency, in addition to the previous problems with logistics and closure of export markets. Re-orienting to the domestic market while maintaining the current...

The total production volumes of all types of finished products amounted to 306,711 tons, and the share of Volga JSC in the volume of production among Russian paper manufacturers increased to 23%. Despite the fact that in financial...

Valmet has progressed in reviewing its operations in Russia and implementing its exit plan. Already in the spring, the company decided not to make any new sales projects in Russia. In addition, it canceled €70 million of its...

Russian Research Center for Applied Chemistry (GIPH) (a part of Rostech State Corporation) developed a Russian technology of producing industrial-grade hydrogen peroxide for the pulp & paper industry, as reported by Rostech press office. This solution makes it...

Ponsse Plc has sold all shares in OOO Ponsse, its subsidiary that provided PONSSE services in Russia and Belarus. Today on 28 June 2022, Ponsse signed the deed of sale, according to which Ponsse’s operations in Russia will...

Revenue was up 96% YoY to RUB 35.6 billion, driven by higher sales, higher average selling prices, a positive effect from ruble depreciation and also the effect of consolidation of the assets of Novoeniseisk Wood-Chemical Complex (NLHK) and...

Forest Group LLC (Galich) will invest more than 330 million rubles in production development. This project was supported by the regional investment board. In May 2022, the company shared its plans of building another administrative and amenity building,...

Russian Timber Journal 05-2022: Alexander Shangin, CEO, Vologodskiye Lesopromyshlenniki Group: “Substantial assistance to systemically important federal-level enterprises is currently non-existent”; roaring demand in 2021 caused a consumption/supply imbalance in the Russian MDF/HDF market; Rosleskhoz urges for reduced liability of forest users...

The Agency submitted a proposal to amend the Code of Administrative Offences to the Russian Ministry of Natural Resources. The draft amendment exempts users of LesEGAIS system from liability for failure to procure an accompanying document in case...

The list of equipment whose import will be exempt from the Value-Added Tax (VAT) now includes a line of equipment (including spare parts and components) required for MDF production. The corresponding Decree was signed by Mikhail Mishustin, Chairman...

The divestment of all shares in OOO Ponsse, Ponsse Group’s subsidiary providing PONSSE services in Russia and Belarus, is currently being negotiated. The signing will be completed in the near future. “We have been looking for a solution to...

According to the press office of Federal Forestry Agency (Rosleskhoz), in Q1 2022, more than 2.5 million electronic accompanying documents were created in the updated LesEGAIS system for transportation of timber whose total volume exceeded 108 million m³....