Russian Timber Journal 09-2023: Interview with Oleg Fokin, Director for Timber Export at Technonicol; Demand for furniture boards exceeded the supply in October; Global pulp prices have fallen steadily since late 2022, when they reached record highs; Timber products export by trucks to Mongolia and China was allowed for two more years; Segezha Group announces financial and operating results for Q3/2023; Ministry of Industry and Trade suggested cancelling the export duty on pulp and paper products; Russian furniture output surged; Over 9 months of 2023, the Russian roundwood export to EEU countries grew by almost 15%
Russian Timber Journal 09-2023: Oleg Fokin, Director for Timber Export at Technonicol: “Now is a good time to invest in the woodworking industry”; Demand for furniture boards exceeded the supply in October; Global pulp prices have fallen steadily since late 2022 — the most significant decline has been for hardwood pulp, traded at a substantial discount to softwood pulp; The Government of the Russian Federation extended by 2 years the period when exporting certain types of timber products by trucks via border crossing points located on the Russian–Chinese and Russian–Mongolian sections of the state border is allowed; Segezha Group announces its unaudited consolidated financial results and operating results for Q3 2023 — revenue was up 13% QoQ to RUB 23.9 billion; The Ministry of Industry and Trade of the Russian Federation suggests abolishing the 7% export duty on pulp and paper products; In January—September 2023, the Russian furniture output surged by 27.3% YoY, reaching 46.7 million pieces; In January–September 2023, countries of the Eurasian Economic Union (EEU) increased the roundwood import from Russia by almost 15% YoY, up to 195,000 m³.
Featured Article:
— Interview with Oleg Fokin, Director for Timber Export at Technonicol;
— Demand for furniture boards exceeded the supply in October;
— Global pulp prices have fallen steadily since late 2022, when they reached record highs;
— Timber products export by trucks to Mongolia and China was allowed for two more years;
— Segezha Group announces financial and operating results for Q3/2023;
— Ministry of Industry and Trade suggested cancelling the export duty on pulp and paper products;
— Russian furniture output surged;
— Over 9 months of 2023, the Russian roundwood export to EEU countries grew by almost 15%.
Global Timber Markets News:
— In Finland, industrial logging decreased in September
— Roundwood consumption decreased in Finland in 2022
— Sweden’s softwood sawlog stocks at their lowest level in ten years
— Canada increases sawn timber production by 15%
— LL Flooring, formerly Lumber Liquidators, receives buyout bid
— Raute receives order from Metsä Wood
— Export value of Finland’s forest industry products falls 13% in January-August 2023
— Improvement in Vietnamese wood product exports to the US
— Rising UK imports of tropical sawnwood from the EU
— Kronospan to acquire Roseburg particleboard plant in Louisiana
— Increased demand pops up US lumber prices
— Global pulp prices have fallen steadily since late 2022, when they reached record highs
— Metsä Board completes folding boxboard capacity expansion at Husum mill
— Housing starts in the U.S. increased in October
— Housing starts in Japan declined in September
— US wooden furniture imports improve
— Swiss pellet price falls slightly in November 2023
— German pellet prices fall in November
— U.S. invests $653 million in ports to enhance supply chains
— Arauco: Sales and profit drop in Q3/2023
— Interfor reports Q3/2023 results
— Stella-Jones reports 13% increase in Q3 sales
— Billerud sales fall by 14% in Q3/2023
— Canfor reports significant Q3 loss
— Metsä Board Q3 sales drop 19% in Q3/2023
— Biesse reports slight fall in sales for January-September 2023
— UPM Q3/2023 sales down 24%
— Sveaskog’s Q3 net sales decline by 5%
— Mercer International Inc. reports Q3 financial results amidst market challenges and strategic expansion
— SCA’s net sales down 14%
— Södra’s net sales drop 19% in Q3/2023
Russian News:
— Procedure of submitting a forest use report will be simplified from September 1, 2024
— Duration of expert review of changes in Forest Land Use Plans was reduced
— Rosleskhoz: forest restoration operations are almost completed in Russian regions
— Rosleskhoz: on-site forest management operations are completed in Russian regions for 2023
— Segezha Group finished navigation in the Krasnoyarsk Region, having delivered over 1.6 million m³ of logs
— Revenue of VLP Group reached 16 billion rubles in January–September 2023
— Plywood output in Russia reduced slightly in September 2023
— Altailes increased the value of investments in an MDF plant construction project in the Kemerovo Region
— Pavlovsky DOK started producing laminated MDF
— In 2023, Sveza assigned over 250 million rubles to develop two plants in Kostroma and Manturov
— Naberezhnochelninsky Cardboard and Paper Mill will upgrade equipment at the corrugated packaging factory
— ChelnyUpak will install a new equipment for corrugated boxes production
— Pavlovo-Posadskiy Gofrokombinat is expanding its warehouse facilities
— Rosleskhoz approved an investment project implementation request from the Arkhangelsk Pulp and Paper Mill
— Khanty-Mansiysk Region intends to open a large furniture plant in 2027
— Kharovsklesprom has shipped 13,500 t of biofuel since the beginning of the year
— FESCO launched a maritime container line from Vladivostok to Bangladesh
— Segezha Group finished the construction of railway tracks at Onega Sawmills
— The volume of production of timber products in January-September 2023 compared to the same period last year
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