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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...

According to the decree of May 10, 2020 No. 651, 35 forest industry companies and 18 furniture industry companies were included in the list of backbone enterprises of the country: Forest industry companies: OAO “Arkhangel’skiy TSBK” OOO PKP...

At the beginning of 2020, Segezha Group acquired a sawmill asset of Karelian Wood Company, which has leased forest areas (please refer to the issue Russian Wood Resources Report 01-2020). In addition to additional 205,000 m3/y by AAC,...

The first echoes of the raw materials deficit in the market were felt by processors using spruce pulplogs (newsprint producers). Karelia Pulp has one month of stocks on the raw materials exchange. The company is actively buying spruce pulplogs,...

According to the figures provided by the National Bureau of Statistics of China (NBS), the Purchasing Managers’ Index (PMI) in the manufacturing sector of China rose from a record low of 35.7 in February to 52 in March....

The Arbitration Court of the Khabarovsk region will entertain the lawsuit of VEB.RF state corporation against the international trading company Songling (Suifenhe) on enforcement of pledge on July 2, 2020. A 99.96% share of Asia Les LLC (sawn timber...

Uncertainty in the timber harvest market is increasing. Interviewed WhatWood industry participants continue to maintain a moderate-downbeat mood. In February-March, mills actively bought the necessary raw materials from the market, saturating its stock exchanges. Russian particleboard, MDF, plywood...