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News of the Russian forest-based industries: forestry, logging, woodworking, pulp and paper, biofuel, and construction.

Russian Timber Journal 07-2020: small enterprises are mastering OSB production; Russian Government gave new instructions for the development of the timber industry; Viktoria Abramchenko, Russian Deputy Prime Minister, proposes to combine the powers of forestry and timber industry in one federal body

Russian Timber Journal 07-2020: small enterprises are mastering OSB production, interview with the head of Rozas LLC, an OSB production newcomer; Russian Government gave new instructions for the development of the timber industry; Viktoria Abramchenko, Russian Deputy Prime...

COVID-19 impacts revenue and earnings of the Lenzing Group in 1H 2020

August 13, 2020 ` 10:20  
In 1H 2020, the Lenzing Group faced a historically difficult market environment with increased pressure on prices and volumes resulting from the COVID-19 crisis. As a result, revenue declined by 25.6% from EUR 1.09 billion to EUR 810.2...

JAF Group to close raw veneer plant in Braşov, Romania

August 12, 2020 ` 13:19  
Due to the challenging market situation relating to raw veneers, the JAF Group has decided to provisionally discontinue its production of raw veneers at the Group’s J.F.Furnir plant in the Romanian city of Braşov with effect from October....

Russia – the largest supplier of sawnwood to China

August 11, 2020 ` 19:12  
China’s 1H 2020 sawnwood imports totalled 13.83 million m³ valued at US$2.90 billion, a year on year decline of 64% in volume and 66% in value in 1H 2020. Most suppliers saw a sharp fall in sawnwood exports...

In 1H 2020, Russian wood pulp exports grew by 5.2%

August 10, 2020 ` 19:03  
According to the Federal Customs Service of Russia, in 1H 2020, the volume of wood pulp exports increased by 5.2% YoY to 1.087 million tons. In value terms, exports fell by 19% YoY to $ 469.1 million. Over...

Russian plywood exports grew by 4.7% in 1H 2020

August 10, 2020 ` 17:49  
According to the Federal Customs Service of Russia, in 1H 2020, the volume of plywood exports increased by 4.7% YoY to 1.416 million m³. At the same time, in value terms, Russian plywood supplies fell by 3.2% YoY to $ 570.2...

Norbord reports 2Q 2020 earnings

August 10, 2020 ` 12:12  
Norbord Inc. reported Adjusted EBITDA of $84 million for 2Q 2020 compared to $75 million in 1Q 2020 and $36 million in 2Q 2019. The quarter-over-quarter increase was primarily due to lower manufacturing costs, partially offset by lower...

In 1H 2020, Lesozavod 25 increased the volume of sawmilling by 9% to 965,000 m³

August 7, 2020 ` 20:30  
Sawn timber exports increased by 12% YoY to 425,000 m³. Volume of wood pellets production in 1H 2020 increased by 0.9% YoY to 95,000 tons, the volume of production of industrial wood chips increased by 17% YoY to...

Andritz had solid business development in 2Q 2020

August 6, 2020 ` 18:31  
The international technology group Andritz reports a largely solid business development for 2Q 2020 taking into consideration the very difficult general economic conditions. While incoming orders fell sharply YoY (-42.2% to € 1.18 billion), sales rose slightly (5.7%...

Kaamos Timber to establish a new sawmill in Belarus

August 6, 2020 ` 18:06  
The Estonian wood industry company Kaamos Timber entered into a 15 million € loan agreement with the European Bank for Reconstruction and Development (EBRD) whose support will be used to establish a new sawmill owned by the Estonian...

International Paper reports 2Q 2020 results

August 4, 2020 ` 19:08  
International Paper Company IP reported 2Q 2020 net sales declined to $4,866 million in 2Q from the year-ago quarter’s $5,667 million. The reported figure also missed the Zacks Consensus Estimate of $5,124 million. Adjusted cost of sales was...

Japan’s plywood imports from China over 20% lower in May 2020

August 4, 2020 ` 18:26  
Until March 2020 Japan reported a slight increase imports of plywood from the top three shippers, Indonesia, Malaysia and China. Starting in April and so far statistically recognized also in May import volumes trended down. Plywood imports from...