Russian Timber Journal 01-2024: Interview with Russ Taylor, President of the international consulting company Russ Taylor Global; Sawmilling market in Russia in 2023: reducing production volumes for the second consecutive year; Suez Canal traffic down 60%; The volume of transported timber grew by 12.9% in 2023; VLP Group may purchase Metsä’s timber assets in Russia; Ufa Plywood Mill is listed for sale for 1 billion rubles; In 2023, timber transportation by the Russian Railways network reduced by 9.1%, down to 37.1 million t; As of January 1, 2024, the VAT rate for children’s furniture is reduced from 20% to 10%; Saint Petersburg R&D Institute levied 1.3 billion rubles from IKEA after it refused to build the Mega Shopping Mall
Russian Timber Journal 01-2024: Interview with Russ Taylor, President of the international consulting company Russ Taylor Global; Sawmilling market in Russia in 2023: reducing production volumes for the second consecutive year; Suez Canal traffic down 60%; The volume of transported timber grew by 12.9% in 2023; VLP Group may purchase Metsä’s timber assets in Russia; Ufa Plywood Mill is listed for sale for 1 billion rubles; In 2023, timber transportation by the Russian Railways network reduced by 9.1%, down to 37.1 million t; As of January 1, 2024, the VAT rate for children’s furniture is reduced from 20% to 10%; Saint Petersburg R&D Institute levied 1.3 billion rubles from IKEA after it refused to build the Mega Shopping Mall.
Featured Article:
— Interview with Russ Taylor, President of the international consulting company Russ Taylor Global;
— Sawmilling market in Russia in 2023: reducing production volumes for the second consecutive year;
— Suez Canal traffic down 60%;
— The volume of transported timber grew by 12.9% in 2023;
— VLP Group may purchase Metsä’s timber assets in Russia;
— Ufa Plywood Mill is listed for sale for 1 billion rubles;
— In 2023, timber transportation by the Russian Railways network reduced by 9.1%, down to 37.1 million t;
— As of January 1, 2024, the VAT rate for children’s furniture is reduced from 20% to 10%;
— Saint Petersburg R&D Institute levied 1.3 billion rubles from IKEA after it refused to build the Mega Shopping Mall.
Global Timber Markets News:
— Swedish roundwood prices on the rise in 2023
— Sveaskog to raise timber prices
— In Finland, log prices are on an upward trends
— Vietnamese wood and wood product exports to EU fall sharply
— US hardwood plywood imports retreat
— Winter weather keeps lumber sales low in North American
— US veneer imports fall 18%
— Boise Cascade to invest additional $140 million in engineered wood production
— Södra Wood is changing its industrial structure to further strengthen competitiveness
— European parquet market drops sharply in 2023
— Smurfit Kappa announces €54 million investment in Spanish Bag-in-Box plant
— Sonoco announces agreement for the divestiture of its Protective Solutions packaging business as part of planned portfolio optimization strategy
— U.S. housing starts declined in December 2023
— Annual pace of housing starts in Canada rose 18% in December
— Housing starts in Japan declined in December
— US: wooden furniture imports hold steady
— Germany: Slight drop in pellet price in January 2024
— Enviva receives continued listing standard notice from the NYSE
— Weyerhaeuser reports Q4/2023 results
— In 2023, Stora Enso’s sales decreased by 19.6% YoY to €9.396 billion
— In 2023, UPM’s sales decreased by 11% YoY to €10.460 billion
— Holmen’s net sales decreased by 4.8% in 2023
Russian News:
— Forestry machinery will be connected to GLONASS by the end of 2024
— Rosleskhoz approved 27 investment projects on timber industry development in 2023
— In 2023, the timber trading volume at SPIMEX rose by 22.3%, up to 4.9 million m³, or by 7.012 billion rubles
— In 2023, the forest sector brought over 50 billion rubles to the Russian budget
— Segezha Group will install a Russian sawn timber quality evaluation system at Priangarskiy LPK
— A woodworking production site will be created in the Vologda Region
— A sawn timber production project by Kizirlesprom worth over 3 billion rubles was recognized as a priority project
— In 2024, Sveza is planning to invest 230 million rubles in its plant in the Sverdlovsk Region
— An industrial park with a high concentration of woodworking enterprises will open in the Altai Region
— Kuban-Papir (Krasnodar) is upgrading its papermaking machine and packaging line with the assistance of the regional Industrial Development Fund (IDF)
— Ilim Group launched a copy paper line in Koryazhma
— Solikamskbumprom started producing a higher-grammage interliner
— VLP Group opened a container terminal with the investment value of 50 million rubles in the Novgorod Region
— Ministry of Natural Resources of the Zabaykalsky Region suggests converting several local boiler houses to biofuel
— Kharovsklesprom (VLP Group) is planning to produce 9,000 t of wood briquettes per year
— Segezha Group will facilitate boiler houses conversion to biofuel in the Krasnoyarsk Region
— Data from the Federal State Statistics Service on timber industry production in 2023
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