Woodworking

Koskisen’s wood processing company has sold its sawing operations located in Russia to Cherepovetsles. Koskisen’s Russian operations were discontinued as planned previously. The Russian business operations made up a small share of Koskisen’s net sales, and the financial...

In May, the producers’ position was exacerbated by the higher exchange rate of the national currency, in addition to the previous problems with logistics and closure of export markets. Re-orienting to the domestic market while maintaining the current...

Revenue was up 96% YoY to RUB 35.6 billion, driven by higher sales, higher average selling prices, a positive effect from ruble depreciation and also the effect of consolidation of the assets of Novoeniseisk Wood-Chemical Complex (NLHK) and...

Forest Group LLC (Galich) will invest more than 330 million rubles in production development. This project was supported by the regional investment board. In May 2022, the company shared its plans of building another administrative and amenity building,...

Russian Timber Journal 05-2022: Alexander Shangin, CEO, Vologodskiye Lesopromyshlenniki Group: “Substantial assistance to systemically important federal-level enterprises is currently non-existent”; roaring demand in 2021 caused a consumption/supply imbalance in the Russian MDF/HDF market; Rosleskhoz urges for reduced liability of forest users...

The list of equipment whose import will be exempt from the Value-Added Tax (VAT) now includes a line of equipment (including spare parts and components) required for MDF production. The corresponding Decree was signed by Mikhail Mishustin, Chairman...

In January-April 2022, plywood production in Russia decreased by 10.3% YoY to 1.346 million m³, Rosstat reports. Production declines for the second month in a row. In April 2022, plywood production fell by 6.5% compared to the previous...

Stora Enso has entered into an agreement to divest its two sawmills in Russia. The Company’s Nebolchi and Impilahti sawmills will be divested to local management. In addition, the divestment includes Stora Enso’s Russian forest operation which through...

The Russian OSB market can still be called a developing one. This year marks the 10th anniversary of the emergence of domestic OSB production in Russia. Until 2012, when private Russian investors decided to create small production venues...

The House of Representatives of the US Congress developed a draft bill prohibiting the import of Russian and Belorussian timber and products thereof. This document was submitted to the House of Representatives on April 7. Specific types of...

The expert board of the Industrial Development Fund (VEB.RF Group) approved a loan of 490 million rubles for implementing a project on building a birch plywood production plant in the Vologda Region, at the premises of Plitwood joint...

Based on 2021 performance, Ugra Timber Holding increased its sawn timber output by 4.5% YoY, up to 151,500 m³, according to the group’s information disclosure form. Particleboard and laminated particleboard output also grew (+11.1% YoY, up to 272.6...