Woodworking

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...

In the week ending April 16, 2021, the price of benchmark softwood timber commodity item Western S-P-F KD 2×4 #2&Btr rose another +$80, or +6%, to $1,210 mfbm ($465 per m³), from $1,130 the previous week, said Madison’s...

Eacom Timber Corporation announces an investment of $8.9 million to equip its Elk Lake sawmill with a new, state-of-the art continuous dry kiln (CDK). Expected to be fully operational by early fall, the CDK will allow for continuous...

According to data from China’s Customs, 2020 sawnwood imports totalled 33.86 million m³ valued at $7.68 billion, a year on year decrease of 11% both in volume and in value. Of total sawnwood imports, sawn softwood imports fell...

According to data from the Federal State Statistics Service (Rosstat) in 1Q 2021, Russia reduced sawn timber production by 1.9% YoY to 7 million m³.

According to data from the Federal State Statistics Service (Rosstat) in 1Q 2021, plywood production in Russia increased by 13.5% YoY to 1.1 mln m³. The output of fiberboard (including MDF/HDF/flooring) also increased by 5.4% YoY to 172...

Sudoma Sawmill is an export-oriented enterprise engaged in the production of thermally modified, impregnated, planed, and brushed sawn timber for the construction and furniture industries. The enterprise is located in Dedovichsky district of the Pskov region; one of...

The Association is of the opinion that this measure will help to civilize the domestic market of wood raw materials, provide domestic plywood mills with them, and contribute to the fight against illegal furniture makers. In February 2021,...

Segezha Group has started its investment project for the construction of drying kilns at the site of Lesosibirsky LDK No. 1. The project will allow to increase the annual output of finished products. The plant currently produces over 600,000...