
Vologodsky Les is planning to invest 3.5 billion rubles in expanding its woodworking facilities
December 7, 2021 ` 17:45
Vologodsky Les intends to invest 3.5 billion rubles in upgrading its plywood production site and creating new timber processing facilities, as reported by the official web portal of the Government of the Vologda Region. The investment project received...

3.8 billion rubles will be invested in OSB and glued wooden structures production in the Vologda Region
December 7, 2021 ` 17:49
BioLesProm is planning to build a woodworking enterprise for 3.8 billion rubles in the Verkhovazhsky District of the Vologda Region. The investment project that received a priority status includes commissioning an OSB production site with the capacity of...

Government of the Russian Federation approved the purchase of 75% of RFP Group by a Japanese investor
December 7, 2021 ` 17:38
On November 29, the Government Committee on Foreign Investments Control chaired by Mikhail Mishustin, Prime Minister of the Russian Federation, approved the sale of 75% of RFP Group, a timber industry group from the Far East, to Iida...

A woodworking production site will be upgraded in the Tver Region
December 2, 2021 ` 19:41
A project on upgrading Peno Woodworking Factory by Discovery-Peno LLC is included in the list of priority investment projects in the forest sector of the Russian Federation. It will be implemented by 2026 and create 85 jobs. The...

U.S. duties on Canadian softwood lumber to almost double
December 1, 2021 ` 19:55
The United States has decided to almost double the duties on Canadian softwood lumber from most producers to 17.9%, Canadian Trade Minister Mary Ng said on Wednesday, adding that Canada is “extremely disappointed.” The current rate for most...

Sveza starts shipping plywood for Kögel GmBH
November 30, 2021 ` 17:36
Sveza has shipped first batches of plywood to Kögel GmBH, one of the world’s largest producers of cargo trailers, from its mill in St. Perersburg, Russia. Earlier, Kögel successfully tested Sveza’s trailer flooring plywood at its manufacturing facility...

Russia increased sawn timber production in January-October 2021
November 25, 2021 ` 19:17
According to data from the Federal State Statistics Service (Rosstat) in January-October 2021, Russia increased sawn timber production by 2.5% YoY to 25.4 million m³.

Russia increased wood-based panels production in January-October 2021
November 25, 2021 ` 18:37
According to data from the Federal State Statistics Service (Rosstat) in January-October 2021, plywood production in Russia increased by 7.8% YoY to 3.7 million m³. The output of fiberboard (including MDF/HDF/flooring) also increased by 14.5% YoY to 611...

Interfor to acquire Eacom Timber
November 24, 2021 ` 23:59
Interfor Corporation has reached an agreement with an affiliate of Kelso & Company to acquire 100% of the equity interests of Eacom Timber Corporation. The purchase price is CAD 490 million, on a cash and debt free basis,...

The construction of a new timber processing plant is planned in the Vologda region
November 19, 2021 ` 17:40
The creation of a new timber processing plant is planned on the basis of the Velikoustyug forestry enterprise – a branch of the ACS of forestry of the Vologdaleskhoz VO. Woodworking facilities for the production of dry planed...

After multi-week rises, most softwood lumber prices US declined slightly in early November
November 17, 2021 ` 13:49
According to Madison’s Lumber Reporter, in the week ending November 5, 2021 the wholesaler price of benchmark softwood timber commodity item Western S-P-F KD 2×4 #2&Btr was $620 ($400/m³). Compared to the previous week, lumber fell by $10...

Kastamonu introduced Class 34 laminate flooring to the Russian market
November 16, 2021 ` 17:52
Kastamonu added laminate flooring of the highest 34th wear resistance class to its product line. The new collection is called Ultramarine and includes four decors. Class 34 laminate flooring is certified by two indicators: wear capacity and impact...