Woodworking

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...

Angara Les LLC will start producing OSB in Kodinsk, as reported by Interfax Real Estate quoting the company’s Director, Sergey Tarasyuk. 3.1 billion rubles will be invested in this project with the production capacity of 100,000 m³ of...

Kronospan invested 226 million rubles in restoring the lamination line at Igorevsky DOK located in the Kholm-Zhirkovsky District of the Smolensk Region. Peter Kindl, the owner of Kronospan Group, had previously declared his intention to invest 1.5 billion...

VTB Bank opened a line of credit to Uvadrev-Holding LLC — one of the biggest companies in Udmurtia’s wood processing industry. The loan of over 7.3 billion rubles is issued for the term of up to 10 years...

According to Madison’s Lumber Reporter, in the week ending September 10, 2021 the wholesaler price of benchmark softwood timber commodity item Western S-P-F KD 2×4 #2&Btr was $480 ($311/m³). This is up by +$50, or +12%, from the...

According to data from the Federal State Statistics Service (Rosstat) in January-July 2021, plywood production in Russia increased by 10.9% YoY to 2.6 mln m³. The output of fiberboard (including MDF/HDF/flooring) also increased by 20.7% YoY to 420...

In January-July 2021, the volume of sawn timber exported from Russia reduced by 3.1% YoY and totaled 18.077 million m³, as reported by the Federal Customs Service of Russia. The value of foreign sawn timber shipments from Russia...

In May 2021, all world sawn timber markets were still experiencing a strong imbalance with a significant excess of the demand over the supply and low stocks. This was mainly conditioned by the stimulating measures to support the...

The increased demand for OSB and plywood is traditionally conditioned by the construction season. Despite the rise in prices of these products, the demand on the part of traders, construction companies, and buyers is not declining since the...