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According to the supreme state audit body, one of the reasons for failing to meet the revenue plan is the growing debt in forest use payments that reached 1.1 billion rubles. The actual expenses were 50.6 billion rubles,...

The Ministry of Industry and Trade suggests lifting export duties on sawn timber with over 22% moisture content (except oak, beech and ash sawn timber) until the end of 2022, as reported by Kommersant quoting the Ministry.  The...

In January-April 2022, plywood production in Russia decreased by 10.3% YoY to 1.346 million m³, Rosstat reports. Production declines for the second month in a row. In April 2022, plywood production fell by 6.5% compared to the previous...

The year 2021 was the most successful in contemporary history for the Russian timber industry in terms of financial performance. The revenue of timber enterprises soared by 32%, up to 2.9 trillion rubles; their net profit, by 3...

The Russian harvesting industry closed the year 2021 with good performance. The harvesting volume grew by 4%, up to 225 million m³. This is +8 million m³ compared to 2020. Such a growth is explained by the fact...

Stora Enso has entered into an agreement to divest its two sawmills in Russia. The Company’s Nebolchi and Impilahti sawmills will be divested to local management. In addition, the divestment includes Stora Enso’s Russian forest operation which through...

The Russian OSB market can still be called a developing one. This year marks the 10th anniversary of the emergence of domestic OSB production in Russia. Until 2012, when private Russian investors decided to create small production venues...

The House of Representatives of the US Congress developed a draft bill prohibiting the import of Russian and Belorussian timber and products thereof. This document was submitted to the House of Representatives on April 7. Specific types of...

Huhtamaki has decided to initiate the process to divest its operations in Russia. This follows an earlier decision to stop all investments in Russia. Huhtamaki considers that the current evolution of the situation and the long-term outlook in...

The expert board of the Industrial Development Fund (VEB.RF Group) approved a loan of 490 million rubles for implementing a project on building a birch plywood production plant in the Vologda Region, at the premises of Plitwood joint...

Based on 2021 performance, Ugra Timber Holding increased its sawn timber output by 4.5% YoY, up to 151,500 m³, according to the group’s information disclosure form. Particleboard and laminated particleboard output also grew (+11.1% YoY, up to 272.6...

Kastamonu has produced 100 million m² of laminate for the Russian market, as reported by the press service of the Turkish company. The mark was reached in February 2022 in 7.5 years. Most deliveries were made for laminate...