Blog

Stora Enso’s 1Q 2020 sales decreased by 18,9% YoY to Euro 2,114 billion. The Covid-19 crisis has accelerated the decline in demand for European paper, and the market conditions for the Group’s other products continue to be mixed....

On June 11, 2020, overhaul of process flow 2 producing fiberboard was completed at the plant owned by Plitny Mir LLC (located in Emva, Komi). In three weeks, a large scope of work was implemented to repair, do...

Wood fiber costs fell for many hardwood pulp-producing countries worldwide in the 1Q/20. The biggest declines (in US dollar terms) were seen in the US South, Russia, and Latin America, where hardwood pulplog prices were down between 5...

The situation of the European sawmill industry was analyzed by its representatives on June 10 during the first online general meeting of the European Organization of the Sawmill Industry (EOS). The effects of the coronavirus pandemic obviously determined...

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...