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This is reported by the official web portal of Karelia. The investment will reach 2.5 billion rubles. This project is on the list of priority investment projects in the forest sector. It involves upgrading sawmilling assets and increasing...

Angara Les LLC will start producing OSB in Kodinsk, as reported by Interfax Real Estate quoting the company’s Director, Sergey Tarasyuk. 3.1 billion rubles will be invested in this project with the production capacity of 100,000 m³ of...

Kronospan invested 226 million rubles in restoring the lamination line at Igorevsky DOK located in the Kholm-Zhirkovsky District of the Smolensk Region. Peter Kindl, the owner of Kronospan Group, had previously declared his intention to invest 1.5 billion...

VTB Bank opened a line of credit to Uvadrev-Holding LLC — one of the biggest companies in Udmurtia’s wood processing industry. The loan of over 7.3 billion rubles is issued for the term of up to 10 years...

According to Madison’s Lumber Reporter, in the week ending September 10, 2021 the wholesaler price of benchmark softwood timber commodity item Western S-P-F KD 2×4 #2&Btr was $480 ($311/m³). This is up by +$50, or +12%, from the...

Segezha Group has launched commercial production of two new products: white semi-flexible and white high-porosity paper. These are manufactured at the company’s flagship Segezha Pulp and Paper Mill (Karelia). The new products are supplied both to the Group’s...

In 1H 2021, the Company delivered 1.839 million tons of products. Owing to an extensive upgrade of the Bratsk Mill and rebuild of the softwood pulp line of the Ust-Ilimsk Mill completed in 2020, the Company intends to...

According to the data of the Federal State Statistics Service (Rosstat) in January-July 2021, the output of Russian wood pulp increased by 1% YoY to 5.1 million tons. Paper and cardboard production increased over the reporting period by...

According to data from the Federal State Statistics Service (Rosstat) in January-July 2021, plywood production in Russia increased by 10.9% YoY to 2.6 mln m³. The output of fiberboard (including MDF/HDF/flooring) also increased by 20.7% YoY to 420...

In July 2021, the Group signed contracts with Scania and Ferronordic — the authorized dealer of Volvo in Russia. 60 Scania log trucks with the hauling volume of 160 m³ and two experimental vehicles for 200 m³ of...

In January-July 2021, the volume of wood pulp export from Russia decreased by 4.2% YoY, reaching 1.218 million tons, as reported by the Federal Customs Service of the Russian Federation. The value of foreign supplies increased by 33.9%...

In January-July 2021, the volume of sawn timber exported from Russia reduced by 3.1% YoY and totaled 18.077 million m³, as reported by the Federal Customs Service of Russia. The value of foreign sawn timber shipments from Russia...