Woodworking

Euroports Finland and Metsä Fibre have signed a multi-year service agreement, under which the port operator will take care of handling the finished products of the sawmill that is going to be built in Rauma by the third...

In summer 2021, the Eco Development Group wants to start building a $ 47 million CLT plant at the Parry Sound Area Industrial Park to produce house kits for use in residential construction. Andrey Vovchenko, general manager at...

In March 2021, the new Sokol CLT plant shipped Russia’s first mass-produced cross-laminated timber (CLT) panels to its first customer, a buyer in the Leningrad Region. The plant belongs to Segezha Group, a Sistema JSFC company. The CLT...

Rising further after reaching seemingly impossible highs, in the week ending April 23, 2021, the wholesaler price of benchmark softwood lumber commodity item Western S-P-F KD 2×4 #2&Btr was $1,330 mfbm. This is up by +$120, or +9%,...

Sveza, a world leader in birch plywood production, will establish new deep wood processing facilities in the Vologda region. The total investment will amount to 8.6 billion rubles. The project has a payback period of 8 years. A...

The value of investments in the assets of Stora Enso amounted to 459 million rubles: 388 million rubles were invested in a sawmill and 71 million rubles – in the development of the forest infrastructure. In total, the...

The press office of the government of the Ivanovo region reports that Ivanovo Timber Industry Company, with the support of the Industrial Development Fund, implemented an investment project in 2020, thanks to which the enterprise increased the output...

Ladozhsky DSK launched CLT production in the village of Avrovo (Leningrad region). The installed equipment was manufactured by Minda, a German company. Upon reaching the design capacity, the enterprise will produce products worth 19 billion rubles per year....

The Finnish company abandoned the intention to update and expand the production facilities of Setnovo LLC, its subsidiary company in the Novgorod region. Investments in the project were estimated at 520 million rubles. According to Novy Prospekt, the...

In 1Q 2021, Segezha Group’s revenue grew by 27.4% YoY to RUB 18.2 bn. OIBDA grew by 93.5% YoY to RUB 5.0 bn. The OIBDA margin was 27.6%, up 9.2 p.p. YoY.

In January-February 2021, Russia increased its plywood export volume by 4.5% YoY, reaching 481,700 m³, as reported by the Federal Customs Service of Russia. In value terms, for the reporting period, Russian plywood supplies increased by 17.7% YoY...

In January-February 2021, the volume of sawn timber exported from Russia reduced by 15.7% YoY and totaled 2.7 million m³, as reported by the Federal Customs Service of Russia. The value of foreign sawn timber shipments from Russia...