Russian Timber Journal 03-2024: Interview with Evgeny Peshin, Head of Neoparma LLC; a shortage of high-quality raw material for plywood may emerge in the Russian market; Segezha Group published its financial and operational performance results for Q4 2023; International Paper acquires DS Smith for $7.2 billion; Russian timber harvest reached 188 million m³ in 2023; built-in furniture may be included in the mortgage amount; in 2024, Ilim Group is planning to increase its product shipments to China to 2.4 million t; in 2023, investment in the Russian timber industry dropped by 4.8%, down to 188.8 billion rubles
Russian Timber Journal 03-2024: Evgeny Peshin, Head of Neoparma LLC: “Our line is designed for small and medium companies, and this category of entrepreneurs has no access to investment funds”; a shortage of high-quality raw material for plywood may emerge in the Russian market because of the risk of increased birch logs and veneer export to China; Segezha Group published its financial and operational performance results for Q4 2023; International Paper has agreed to acquire UK packaging materials maker DS Smith for $7.2 billion in shares; according to Rosleskhoz, in 2023 the volume of timber harvesting in Russia decreased by 4% to 188 million m³; the Ministry of Construction developed a bill that makes it possible to include built-in furniture and interior finishing in the mortgage amount in case of using escrow accounts under shared construction participation agreements; In 2024, the Group is planning to ramp up its shipments to the PRC to 2.4 million t, with cardboard accounting for 850,000 t out of it, which is twice as much as in 2023; the value of investments in the Russian timber industry reduced by 4.8% in 2023 compared to the record-setting performance of 2022.
Featured Article:
— Interview with Evgeny Peshin, Head of Neoparma LLC;
— A shortage of high-quality raw material for plywood may emerge in the Russian market;
— Segezha Group published its financial and operational performance results for Q4 2023;
— International Paper acquires DS Smith for $7.2 billion;
— Russian timber harvest reached 188 million m³ in 2023;
— Built-in furniture may be included in the mortgage amount;
— In 2024, Ilim Group is planning to increase its product shipments to China to 2.4 million t;
— In 2023, investment in the Russian timber industry dropped by 4.8%, down to 188.8 billion rubles.
Global Timber Markets News:
— Roundwood harvesting in Finland increased in February
— China: Number of plywood production enterprises fell in 2023
— China increased plywood imports in 2023
— Vietnam: Wood product exports recovering but bottlenecks remain
— Japan imposes a ban on exports of woodworking equipment to Russia
— Reversal in EU27 imports of tropical hardwood veneer in 2023
— UK tropical wood and wood furniture imports at all time low in 2023
— US hardwood plywood imports nearly doubled
— Brazilian exports of wood products grew 16% in February 2024
— North American lumber prices have remained nearly flat since the beginning of 2024
— US: Housing starts rebound
— Multi-unit starts fuel Canadian housing growth
— BC extends mass timber use in tall buildings
— Housing starts in Japan continued to decline in February
— UK import value of tropical wood furniture down 43% YoY
— EU27 tropical wooden furniture imports down by a third in 2023
— German furniture exports weakened in 2023
— China: Decline in wooden furniture exports
— Germany: Pellet prices continue to fall in March
— Finland: Slight decrease in pellet production in 2023
— Biesse reports fall in sales for FY 2023
Russian News:
— In 2023, lease payments for forest areas in the Northwestern Federal District were subsidized by almost 1 billion rubles
— Timber transportation volume increased by 14% in Q1 2024
— Segezha Group will open a service center for harvesting machinery in Karelia
— Segezha Group will test harvesting machinery by KAMAZ
— An MDF production plant will open in the Moscow Region
— Russian plywood production grew considerably in February
— Sveza patented a new method of timber defects identification
— Taiga Boguchany increased the capacity of its wood pulp plant in the Krasnoyarsk Region by 20%
— Production of paper and paper goods is growing in Moscow
— Net profit of JSC Volga dropped by 25.8% in 2023
— OBF Group opened a new scrap paper collection warehouse in the Vologda Region
— In 2023, the revenue of Selenginsky Pulp and Cardboard Mill reduced by 28.4%
— FESCO agreed on developing export container freight with Kondopoga Pulp and Paper Mill and Arkhangelsk Pulp and Paper Mill
— Syktyvkar LPK chose the key freight forwarder for export maritime transport of its finished products
— Delo Group and Arkhangelsk Pulp and Paper Mill agreed on export freight of pulp and paper products
— Some boiler houses in the Zabaykalsky Region may convert to wood pellets
— First boiler house running on biofuel will be launched in the Primorsky Region
— Runko Group stopped making furniture
— Megamarket may occupy IKEA’s locations in Mega shopping malls
— New fire safety standards were developed for multi-storey wooden houses
— Timber trading volume at SPIMEX has exceeded 1 million m³ since the start of 2024
— The volume of production of timber products in January-February 2024
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