Woodworking

In January-August 2021, the value of Russian furniture imports increased by 34.4% YoY to $1.565 billion, as reported by the Federal Customs Service of Russia. In August 2021, imports amounted to $209.9 million (+ 1.1% MoM).

In January-August 2021, the volume of sawn timber exported from Russia reduced by 4.5% YoY and totaled 20.51 million m³, as reported by the Federal Customs Service of Russia. The value of foreign sawn timber shipments from Russia...

In January-August 2021, Russia increased its plywood export volume by 13.1% YoY, reaching 2.076 million m³, as reported by the Federal Customs Service of Russia. In value terms, for the reporting period, Russian plywood supplies increased by 58.9%...

Segezha Group will acquire 100% of the share capital of Inter Forest from Bonum Capital Ltd for $515 million. Segezha Group will finance the acquisition with funds from a new issue of RUB-denominated exchange-traded bonds as well as...

Russia is undergoing a boom of country houses construction (specifically, those made of wooden structures) that began in 2020 because of the pandemic and continued in 2021. The Russian house construction market is therefore facing an acute shortage...

Sveza’s facility in St. Petersburg has completed its scheduled preventive equipment maintenance and is now back in operation. The full scope of maintenance — 16 types of activities, affecting almost the entire production process — required 2 weeks...

As the end of September approached, the demand and sales of construction framing dimension softwood lumber commodities improved significantly, enough for prices to rise somewhat. This is an unusual time of year, after Labour Day, for solid wood...

Segezha Group has started commercial activities through its representative office in Singapore, Segezha International Pte. Ltd. The new company sells the entire range of the Group’s products directly to customers in the region: kraft paper, industrial and consumer...

Segezha Group announces that Lesosibirsk LDK (a Segezha Group company) has exercised an option agreement with Non-core assets Bank “Trust” for the acquisition of a majority stake in Tegli Holdings Ltd (the parent company of Novoeniseisk Wood Chemical...

On August 2, 2021, the Commercial Court of Bashkiria compelled Development Corporation of the Republic of Bashkortostan to sign a purchase and sale contract for lands in Kirillovo Selsovet, Ufimsky District, Bashkiria, with Kronospan Bashkortostan, as reported by...

The investment project on timber harvesting and wood processing in the Isetsky District is being implemented by TekhnoModel LLC, as reported by the local mass media. By the end of 2021, a wood pellets production line is supposed...

This is reported by the official web portal of Karelia. The investment will reach 2.5 billion rubles. This project is on the list of priority investment projects in the forest sector. It involves upgrading sawmilling assets and increasing...