Trend in revenue decline of major timber industry players
May 19, 2020 ` 13:26
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...
International Paper reaches agreement to sell its Brazilian corrugated packaging business
May 14, 2020 ` 18:28
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...
Russian Federation Government has approved a list of system-forming forest industry companies and measures to support them for COVID-19 period
May 11, 2020 ` 17:07
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...
Deficit in raw materials for pulp and paper production
May 7, 2020 ` 15:35
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,...
Russian Wood Resources Price Bulletin 04-2020 has published
May 5, 2020 ` 16:00
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...
Russian Timber Journal 03-2020: how the spread of coronavirus (COVID-19) affects operations of world timber companies; the Russian Government to slash duties on pulpwood of Far Eastern species to zero and increase export quotas by the end of 2020; Russian Forest Industry Review 2019-2020
April 13, 2020 ` 13:28
Russian Timber Journal 03-2020: coronavirus infection was recorded in many countries of the world, the development of the situation showed that COVID-19 has a direct impact on all areas of the economy, including the timber industry — forest...
Yaroslavskaya Bumaga to modernize production
May 1, 2020 ` 17:32
The enterprise will receive a concessional loan of 499 million rubles from the federal Industrial Development Fund. The comprehensive modernization will allow the enterprise to increase the volume of recycled waste materials from 60,000 to 100,000 tons and...
Russian Government did not endorse Sveza’s investment project for the construction of a wood pulp mill at Rybinsk Reservoir
April 30, 2020 ` 10:00
Prime Minister Mikhail Mishustin said that the Government of Russia did not consider it appropriate to build a wood pulp mill on the banks of the Rybinsk Reservoir. Along with that, Mr. Mishustin noted that Sveza Group had...
Metsä Group’s sales drop in Q1 2020
April 29, 2020 ` 16:45
According to the official website of the Metsa Group, in the first quarter of 2020, sales amounted to EUR 1.253 billion, which is 12.9% less than a year earlier. Operating profit for the reporting period decreased by 66.7%...
SCA raises pulp price
April 24, 2020 ` 17:57
Scandinavian pulp producer SCA upping its pulp price by $40 from 1 May to $880 per tonne. The company notes that the demand has increased from tissue and hygiene industry producers. SCA owns 2.6 million hectares of forest...
Russian Forest Industry Review 2019-2020: downward price trends, lower financial indicators, a slowdown in the Russian timber industry, and new ‘black swans’
March 23, 2020 ` 10:40
During the entire year of 2019, prices for forest products were remaining on a downtrend appeared at the end of Q3 2018. ‘Super profits’ received by timber enterprises at peak prices of Q1-Q3 2018 allowed companies to form...
Russian Timber Journal 02-2020: Russia: wood pellet exports grew by 28% and totaled almost 2 million tons in 2019; the Russian Government to consider the creation of a separate forest ministry in Russia; abnormal temperature undermined harvesting enterprises of the Leningrad region; the Ministry of Industry and Trade is agreeing on the ban on government purchases of foreign furniture with other departments
March 16, 2020 ` 15:40
Russian Timber Journal 02-2020: In 2019, wood pellet exports from Russia showed the highest growth pace among all export-oriented forest products; Mikhail Mishustin instructed the Government to consider the creation of a separate forest ministry in Russia; the...