Russia reduced sawn timber production in January-February 2021
March 17, 2021 ` 12:56
According to data from the Federal State Statistics Service (Rosstat), Russia reduced sawn timber production by 3.9% YoY to 4.4 million m³ in January-February 2021.
Segezha Group announces FY 2020 IFRS financial results
March 17, 2021 ` 12:00
Segezha Group, a subsidiary of Sistema PJSFC and a leading Russian vertically integrated holding company in the forest industry performing a full cycle of operations from logging to advanced wood processing, announces its audited consolidated financial results prepared...
Ukraine extends the duty on the import of fiberboards from Russia
March 16, 2021 ` 18:53
Ukraine will revise the 31.58% anti-dumping duty on the import of wet-process hard fiberboards from Russia due to the expiration of the 5-year period of its application. The duty has been extended for the revision period initiated by...
Belarusian sawmill Kimabel to add new sorting line
March 16, 2021 ` 12:55
The installation of a new timber sorting line, costing as much €3 million, is the latest step in the modernization of the woodworking enterprise LLC KimaBel in Polotsk District, Vitebsk Oblast, Belta news agency reported. The sophisticated timber...
Wood pulp export from Russia decreased by 8.7% in January 2021
March 15, 2021 ` 18:15
In January 2021, the volume of wood pulp export from Russia decreased by 8.7% YoY, reaching 176.6 thousand tons, as reported by the Federal Customs Service of the Russian Federation. The value of foreign supplies increased by 5.1%...
Russian Timber Journal 02-2021: interview with Russ Taylor, President of Russ Taylor Global; Russian sawn timber market in 2020, outlook for 2021; Metsä Fibre going ahead with € 1.6 billion Kemi bioproduct mill investment; Segezha Group acquires Novoyeniseiskiy Wood Chemical Complex; Uvadrev places an order from Siempelkamp
March 15, 2021 ` 16:57
Russian Timber Journal 02-2021: interview with Russ Taylor, President of Russ Taylor Global; Russian sawn timber market in 2020, outlook for 2021; Metsä Fibre going ahead with € 1.6 billion Kemi bioproduct mill investment; Segezha Group acquires Novoyeniseiskiy Wood Chemical Complex; Uvadrev places an...
WestRock sells South Carolina sawmill to Interfor for $59 million in cash
March 12, 2021 ` 10:50
British Columbia-based Interfor, one of North America’s largest lumber producers, has bought WestRock’s South Carolina sawmill for $59 million in cash. The sawmill is located 65 miles southwest of Interfor’s existing Georgetown, S.C. mill and 115 miles northeast...
In January 2021, Russian plywood export increased by 2.4%
March 11, 2021 ` 20:38
In January 2021, Russia increased its plywood export volume by 2.4% YoY, reaching 224,800 m³, as reported by the Federal Customs Service of Russia. In value terms, for the reporting period, Russian plywood supplies increased by 21.7% YoY...
EU27 tropical sawnwood imports fall 16%
March 11, 2021 ` 18:11
In quantity terms, EU27 imports of tropical sawnwood declined 16% to 726,200 m³ in the first eleven months of 2020. Imports fell sharply from all major supply countries; down 18% from Cameroon to 257,700 m³, 13% from Brazil...
Subsidiary of UFP Industries announces agreement to acquire the net operating assets of Spartanburg Forest Products and its affiliates
March 11, 2021 ` 15:30
UFP Industries, Inc. announced that one of its wholly owned subsidiaries, Sunbelt Forest Products Corporation, signed an agreement to purchase the net operating assets of Spartanburg Forest Products, Inc. and its affiliates. The purchase price for Spartanburg’s property,...
N. American lumber prices at record levels
March 11, 2021 ` 14:04
To the astonishment of all, in the week ending Feb. 19, 2021, the price of benchmark softwood lumber commodity item Western S-P-F KD 2×4 #2&Btr climbed +$20, or +2%, to US$1,012 mfbm, from $992 the previous week. Last...
Segezha Group opens an Innovation Center for high-tech packaging
March 9, 2021 ` 14:03
The new business unit will work on the creation of efficient and high-tech products in the field of paper packaging. It will implement projects for the optimization of the design and appearance of packaging and test new packaging...