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News on Russian lumber, panel, construction, and biofuel industry.

Norbord reports 2Q 2020 earnings

August 10, 2020 ` 12:12  
Norbord Inc. reported Adjusted EBITDA of $84 million for 2Q 2020 compared to $75 million in 1Q 2020 and $36 million in 2Q 2019. The quarter-over-quarter increase was primarily due to lower manufacturing costs, partially offset by lower...

In 1H 2020, Lesozavod 25 increased the volume of sawmilling by 9% to 965,000 m³

August 7, 2020 ` 20:30  
Sawn timber exports increased by 12% YoY to 425,000 m³. Volume of wood pellets production in 1H 2020 increased by 0.9% YoY to 95,000 tons, the volume of production of industrial wood chips increased by 17% YoY to...

Kaamos Timber to establish a new sawmill in Belarus

August 6, 2020 ` 18:06  
The Estonian wood industry company Kaamos Timber entered into a 15 million € loan agreement with the European Bank for Reconstruction and Development (EBRD) whose support will be used to establish a new sawmill owned by the Estonian...

Segezha Group is selling Medvezhyegorsky LPH for 102 million rubles

August 4, 2020 ` 18:52  
Segezha Group put up for sale Medvezhyegorsky LPH — a sawn timber production plant located in Medvezhyegorsk, Karelia).  The holding estimates its asset at 102 million rubles. The total land plot area exceeds 172,000 m², the production capacity...

Japan’s plywood imports from China over 20% lower in May 2020

August 4, 2020 ` 18:26  
Until March 2020 Japan reported a slight increase imports of plywood from the top three shippers, Indonesia, Malaysia and China. Starting in April and so far statistically recognized also in May import volumes trended down. Plywood imports from...

Luzales continues implementation of large-scale investment projects

July 30, 2020 ` 17:33  
The coronavirus situation slowed down some activities but the work at company’s plants never stopped, Valentin Rozhok, Director General at Luzales LLC, reports. “We are continuing construction and startup of new facilities. An area for dry sawn timber...

Mikhail Gavrilov, Vice President at Saint Petersburg Bank, became a majority co-owner of Soyuz Group

July 29, 2020 ` 16:25  
Mikhail Gavrilov owns a 55% share. The remaining 45% belongs to Yulia Bagieva, niece to Anatoly Serdyukov, report several federal-level mass media. Since 2015, Mikhail Gavrilov has owned a share in Karelia Pulp LLC (the largest Russian exporter...

Kastamonu to start producing 34 class laminate flooring

July 28, 2020 ` 14:41  
Kastamonu plans to launch on the market a line of laminate flooring of 34 class of wear resistance, the press service of the company reports. Previously, the manufacturer’s product range was represented by laminate flooring only in the...

Sveza started producing plywood with craft coating

July 27, 2020 ` 17:50  
Sveza started producing craft-coated plywood popular in the USA. The new product called SVEZA Paint Kraft — plywood designed to be painted — will reduce the waste of surface preparation time by 70% and paint consumption, by up...

Setra to invest in new planning mill in Hasselfors, Sweden

July 24, 2020 ` 17:23  
Setra is expanding its range of construction timber with a major investment in new planed products. Production will soon begin at the new planing mill in Hasselfors, Sweden. “Wood is the building material of the future and we...

New scarfing line launched at Sokolsky DOK

July 24, 2020 ` 15:53  
A new scarfing line designed by Austrian-Slovenian Company Ledinek Engineering has become operational at Sokolsky DOK of Segezha Group (part of PJSC Sistema) in the Vologda region. The line capacity is 25 m³ of laminated products per hour....

WhatWood Timber Industry Analytics Agency has completed the update of the annual review Plywood market in Russia 2019-2020

July 24, 2020 ` 13:10  
In June 2020, WhatWood Analytics Agency completed its annual analytic survey Plywood Market in Russia 2019-2020. Here is the summary and key conclusions. In 2019, plywood production in Russia basically remained at the last year’s level of 4...