Metsä to build a large sawmill in Rauma, Finland
May 13, 2020 ` 18:50
The value of the Rauma sawmill investment is approximately EUR 200 million, and the new unit will produce around 750,000 cubic metres of pine sawn timber a year. The new sawmill will use machine vision and artificial intelligence...
Rozas company to invest 260.5 million rubles into OSB production in the Perm region
May 12, 2020 ` 17:23
The company Rozas is specializing in timber harvesting and woodworking and ready to invest 260.5 million rubles in the construction of a new line for the production of OSB from deadwood. This will increase the efficiency of processing...
Russian Federation Government has approved a list of system-forming forest industry companies and measures to support them for COVID-19 period
May 11, 2020 ` 17:07
According to the decree of May 10, 2020 No. 651, 35 forest industry companies and 18 furniture industry companies were included in the list of backbone enterprises of the country: Forest industry companies: OAO “Arkhangel’skiy TSBK” OOO PKP...
World Forest Sector during the Pandemic: China
May 6, 2020 ` 12:18
According to the figures provided by the National Bureau of Statistics of China (NBS), the Purchasing Managers’ Index (PMI) in the manufacturing sector of China rose from a record low of 35.7 in February to 52 in March....
VEB.RF sues the majority owner of Asia Les LLC
May 6, 2020 ` 11:14
The Arbitration Court of the Khabarovsk region will entertain the lawsuit of VEB.RF state corporation against the international trading company Songling (Suifenhe) on enforcement of pledge on July 2, 2020. A 99.96% share of Asia Les LLC (sawn timber...
Russian Wood Resources Price Bulletin 04-2020 has published
May 5, 2020 ` 16:00
Uncertainty in the timber harvest market is increasing. Interviewed WhatWood industry participants continue to maintain a moderate-downbeat mood. In February-March, mills actively bought the necessary raw materials from the market, saturating its stock exchanges. Russian particleboard, MDF, plywood...
In Q1 2020, plywood production in Russia declined by 6.2%
May 1, 2020 ` 16:34
In Q1 2020, the production of plywood in Russia fell by 6.2% to 972.900 m3 yoy. The main drop was recorded in January (-12.3% m/m). 84% of all Russian plywood production is concentrated in three Federal Districts: Volga...
Russian Timber Journal 03-2020: how the spread of coronavirus (COVID-19) affects operations of world timber companies; the Russian Government to slash duties on pulpwood of Far Eastern species to zero and increase export quotas by the end of 2020; Russian Forest Industry Review 2019-2020
April 13, 2020 ` 13:28
Russian Timber Journal 03-2020: coronavirus infection was recorded in many countries of the world, the development of the situation showed that COVID-19 has a direct impact on all areas of the economy, including the timber industry — forest...
Metsä Group’s sales drop in Q1 2020
April 29, 2020 ` 16:45
According to the official website of the Metsa Group, in the first quarter of 2020, sales amounted to EUR 1.253 billion, which is 12.9% less than a year earlier. Operating profit for the reporting period decreased by 66.7%...
Runko Group doubled the output of firewood and wood briquettes in 2019
April 29, 2020 ` 11:08
In monetary terms, its total production output reached 667 million rubles. In particular, the company produced 2,450 tons of wood briquettes worth 13.8 million rubles and 12,500 m3 of firewood (worth 52 million rubles). The output of sawn...
Russian Forest Industry during the pandemic
April 28, 2020 ` 17:32
The Russian timber industry slowed down in 2019, but not as much as it could have decelerated in such circumstances. However, export earnings of the Russian timber industry in 2019 decreased by 8.36% totaling $12.27 billion. The output...
Kronospan may purchase assets of Russian Laminate
April 28, 2020 ` 12:36
Russian Laminate owns two particleboard production sites in Smolensk and Moscow regions with a total capacity of 480,000 m3 per year. Its MDF production equipment with a capacity of 400,000 m3 per year at the production site of...