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In February 2021, 6.0 million m³ of roundwood was harvested for use by the forest industries in Finland. This removal volume was up 28% from the previous year and 7% up from the ten-year February average. Sawlogs accounted...

Stora Enso will enter into co-determination negotiations with employees at the mills in Kvarnsveden in Sweden and Veitsiluoto in Finland regarding a plan to permanently close the pulp and paper production at both plants. The planned closures would...

In March 2021, the new Sokol CLT plant shipped Russia’s first mass-produced cross-laminated timber (CLT) panels to its first customer, a buyer in the Leningrad Region. The plant belongs to Segezha Group, a Sistema JSFC company. The CLT...

At the end of February 2021, JSC Volga started shipping finished products from the Nizhny Novgorod region to China by rail via the port of Vladivostok. The new option will reduce the cost of transportation and shorten the...

Rising further after reaching seemingly impossible highs, in the week ending April 23, 2021, the wholesaler price of benchmark softwood lumber commodity item Western S-P-F KD 2×4 #2&Btr was $1,330 mfbm. This is up by +$120, or +9%,...

In the near future, RK-Grand LLC (owner of the plant) will invest 1.5 billion rubles in the town-forming enterprise of Pitkyaranta – a pulp mill, – which will increase the output to 140,000 tons of wood pulp per...

Sveza, a world leader in birch plywood production, will establish new deep wood processing facilities in the Vologda region. The total investment will amount to 8.6 billion rubles. The project has a payback period of 8 years. A...

The value of investments in the assets of Stora Enso amounted to 459 million rubles: 388 million rubles were invested in a sawmill and 71 million rubles – in the development of the forest infrastructure. In total, the...

The press office of the government of the Ivanovo region reports that Ivanovo Timber Industry Company, with the support of the Industrial Development Fund, implemented an investment project in 2020, thanks to which the enterprise increased the output...

Ladozhsky DSK launched CLT production in the village of Avrovo (Leningrad region). The installed equipment was manufactured by Minda, a German company. Upon reaching the design capacity, the enterprise will produce products worth 19 billion rubles per year....

The Finnish company abandoned the intention to update and expand the production facilities of Setnovo LLC, its subsidiary company in the Novgorod region. Investments in the project were estimated at 520 million rubles. According to Novy Prospekt, the...

In 1Q 2021, Segezha Group’s revenue grew by 27.4% YoY to RUB 18.2 bn. OIBDA grew by 93.5% YoY to RUB 5.0 bn. The OIBDA margin was 27.6%, up 9.2 p.p. YoY.