Blog

Holmen signed an agreement to acquire Martinsons, one of Sweden’s leading players in sawn and processed wood products. The purchase price is SEK 1.0 billion ($110 million) for 100 per cent of the shares. The acquisition will almost...

European Bank for Reconstruction and Development made a decision to support VMG Group’s business in Belarus. VMG Industry FLLC located in Mogilev Special Economic Zone and Swoods Export FLLC from Borisovo will receive loans. Specifically, the company from...

100% of the authorized capital of the woodworking plant, AVA Company LLC, which is currently undergoing bankruptcy proceedings, has changed hands, report several regional-level mass media.  The former owner, Longoria Finance Corp. (BVI), sold the asset to Profit...

Russian Timber Journal 06-2020: interview with Thomas Meth, Executive Vice President of Sales and Marketing at Enviva Partners; plywood export from Russia demonstrates confident growth; according to Rosleskhoz data, timber harvesting in Russia reduced by 8% in 2019...

In 1H 2020 Svetlogorsk Pulp and Paper Mill (Svetlogorsk, Republic of Belarus) sold over 134.000 tons of bleached sulphate pulp for Br131.7 million ($ 54.8 million). This is 85.7% more than in 1H 2019. The mill is steadily...

UPM has halted production at its newsprint mill in Grand-Couronne, France, cutting 228 jobs and lowering its annual newsprint production capacity by 240,000 tonnes, the Finnish forestry group said in a statement. UPM said the closure would mean...

The investment project “Modernization of Production of Ilim Group JSC in the Arkhangelsk Region” is included in the list of priority investment projects in the forest industry (by the Order of the Ministry of Industry and Trade of...

In 1H 2020, sales of the Swedish Setra Group decreased by 7.4% YoY to SEK 2,203 million ($ 239 million). Operating profit fell 49.6% YoY to SEK 59 million ($ 6,4 million). The effects of the COVID-19 virus continue...

The three leaders exporting plywood to Europe are Ilim Timber, Zheshart Plywood Mill, and UPM-Kyummene Chudovo. The positions of the largest exporter were transferred to the supplier of softwood plywood Ilim Timber with a volume of 87,300 m3...

On July 9, 2020, an agreement was signed between the region and Arkhbum JSC on the implementation of the investment project at the Representational Office of the Ulyanovsk Region in Moscow. The document was signed by Sergey Morozov,...

The expert council of the Industrial Development Fund (IDF) approved a loan of 284.2 million rubles for the implementation of Trust Les’s project (in the town of Mga, Leningrad region) for the creation of export-oriented production of wooden...

In May 2020, 3.5 million m³ of roundwood was harvested for use by the forest industries in Finland. This removal volume was down 14% from the previous year and 4% above the ten-year May average. Sawlogs accounted for...