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According to customs statistics, in 1Q 2020 the decline in sawn timber exports amounted to 7.7% to 6.83 million m³. The reason was the decrease in consumption in the Chinese market due to the restrictions introduced, against the...

According to customs statistics, in 1Q 2020, plywood exports increased by 11.4% to 735,300 m³. This rise is caused by the desire of producers to supply plywood in foreign markets due to subsidence in demand in the domestic...

The plant’s production capacity is 60 thousand tons of wood pellets per year. A total wood pellets capacities of ULK Group, now is 300,000 tons per year. The opening was attended by Governor of the Novgorod Region Andrei...

According to China Customs, in 1Q 2020, China’s plywood exports were 1.85 million m³ valued at US$787.6 million, a drop of 85% and 82% respectively over the same period in 2019. The main markets for plywood exports in...

Many forest-industry companies reported that they reduced revenues or reduced EBITDA margin in 2019. Mondi Group reduced revenue by 3% to € 7.268 billion. International Paper reduced revenue by 3.99% to $ 23.376 billion. Russian forest-industry companies also...

In 2019 slowdown in the global economy, geopolitical tensions have pulled a decline in demand for forest products. Prices for most forest products remained at low bases. Only to 1Q 2020, prices on world markets for pulp, plywood,...

IP has entered into an agreement to sell its Brazilian corrugated packaging business to Klabin S.A. for R$330 million, with R$280 million to be paid at closing and R$50 million one year thereafter, subject to certain adjustments. This...

The Russian Government has set a target indicator: by 2024 Russian forest industry exports should reach $ 17 billion ($ 12.3 billion by the end of 2019). Under these conditions, the question of the introduction of lumber duties...

The Board of Directors of Bergs Timber has decided to immediately initiate discussion with the unions to close Gransjö sawmill in Sweden. The sawmilling business will cease as soon as possible and the remaining business during the autumn...

The value of the Rauma sawmill investment is approximately EUR 200 million, and the new unit will produce around 750,000 cubic metres of pine sawn timber a year. The new sawmill will use machine vision and artificial intelligence...

The main shareholders of the RFP Group Roman Abramovich, Alexander Abramov and Alexander Frolov want to cut their shares in the company, Kommersant reports. This refers to finding a new investor who is ready to acquire an equity...

The company Rozas is specializing in timber harvesting and woodworking and ready to invest 260.5 million rubles in the construction of a new line for the production of OSB from deadwood. This will increase the efficiency of processing...