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On November 29, the Government Committee on Foreign Investments Control chaired by Mikhail Mishustin, Prime Minister of the Russian Federation, approved the sale of 75% of RFP Group, a timber industry group from the Far East, to Iida...

Not all regions were able to start winter harvesting in November. Logs could not be hauled in the European part of Russia (in central and north-western regions) because of humid weather and the continuing period of impassable roads....

The mill’s corporate selection and seed center whose area will exceed 10 ha will become one of the most contemporary in Russia. A greenhouse and a laboratory complex will be built in its territory, which will accommodate a...

A project on upgrading Peno Woodworking Factory by Discovery-Peno LLC is included in the list of priority investment projects in the forest sector of the Russian Federation. It will be implemented by 2026 and create 85 jobs. The...

The United States has decided to almost double the duties on Canadian softwood lumber from most producers to 17.9%, Canadian Trade Minister Mary Ng said on Wednesday, adding that Canada is “extremely disappointed.” The current rate for most...

Sveza has shipped first batches of plywood to Kögel GmBH, one of the world’s largest producers of cargo trailers, from its mill in St. Perersburg, Russia. Earlier, Kögel successfully tested Sveza’s trailer flooring plywood at its manufacturing facility...

In 3Q 2021 shows rising sawlog prices in Sweden both on a monthly basis as well as on a yearly comparison. Pine logs cost now an average of SEK 496/m³ (€ 49.6/m³) a 1% rise over Q2/2021, while...

According to data from the Federal State Statistics Service (Rosstat) in January-October 2021, Russia increased sawn timber production by 2.5% YoY to 25.4 million m³.

According to data from the Federal State Statistics Service (Rosstat) in January-October 2021, plywood production in Russia increased by 7.8% YoY to 3.7 million m³. The output of fiberboard (including MDF/HDF/flooring) also increased by 14.5% YoY to 611...

Interfor Corporation has reached an agreement with an affiliate of Kelso & Company to acquire 100% of the equity interests of Eacom Timber Corporation. The purchase price is CAD 490 million, on a cash and debt free basis,...

Ponsse has invested more than €2 million in the construction of a new service centre in Tomsk, Russia. The investment aimed to create a modern service centre with a current repair area and a logistics centre with a...

The creation of a new timber processing plant is planned on the basis of the Velikoustyug forestry enterprise – a branch of the ACS of forestry of the Vologdaleskhoz VO. Woodworking facilities for the production of dry planed...