Russian Timber Journal 09-2024: Interview with Alexey Garmash, CEO, Novomorsnab LLC; Value of investment in the Russian timber industry grew by 40% in Q3 2024; In January—October, the Russian timber harvest increased by 4.2% YoY; Plywood production in Russia has been growing for three consecutive months; Russian furniture may become 15% more expensive because of duties imposed on Chinese hardware; Wood biofuel production in Russia over 10 months of 2024: a sharp surge of wood briquettes and a decline in wood pellet production; Segezha Group shared its financial performance over 9 months of 2024
Russian Timber Journal 09-2024: Interview with Alexey Garmash, CEO, Novomorsnab LLC; Value of investment in the Russian timber industry grew by 40% in Q3 2024; In January—October, the Russian timber harvest increased by 4.2% YoY; Plywood production in Russia has been growing for three consecutive months; Russian furniture may become 15% more expensive because of duties imposed on Chinese hardware; Wood biofuel production in Russia over 10 months of 2024: a sharp surge of wood briquettes and a decline in wood pellet production; Segezha Group shared its financial performance over 9 months of 2024.
Featured Article:
— Interview with Alexey Garmash, CEO, Novomorsnab LLC;
— Value of investment in the Russian timber industry grew by 40% in Q3 2024;
— In January—October, the Russian timber harvest increased by 4.2% YoY;
— Plywood production in Russia has been growing for three consecutive months;
— Russian furniture may become 15% more expensive because of duties imposed on Chinese hardware;
— Wood biofuel production in Russia over 10 months of 2024: a sharp surge of wood briquettes and a decline in wood pellet production;
— Segezha Group shared its financial performance over 9 months of 2024.
Global Timber Markets News:
— China: Rise in log imports from the US
— Vietnam launches anti-dumping probe on Chinese fiberboard
— India increases purchases of plywood from Vietnam
— Vietnam’s wood exports poised to earn $16 billion in 2024
— China’s log and sawn timber imports show modest decline in October 2024
— Turkish investor opened in Petropavlovsk the largest particleboard and plywood plant in Central Asia
— Brazilian wood product exports rise 20% in October 2024
— Italy’s domestic woodworking technology market sees a 16% increase in Q3 2024
— Lumber supply-demand balance in North America potentially achieved
— U.S. single-family home construction declines in October amid storms and rising mortgage rates
— In October 2024, housing starts in Japan declined by 2.9% YoY
— The German pellet price remains stable in November 2024
Russian News:
— State Duma passed in the first reading a draft bill on timber harvesting by public forestry institutions
— Sudoma sawmill reached the pre-crisis production level
— Sveza developed an in-house system for veneer strength control
— BN Group is negotiating with regions on construction of multi-story CLT homes
— Okulovskaya Paper Factory completed an investment project on production upgrading
— Komi announced support for wood pellets and wood briquettes consumption until 2027
— Timber exchange trading turnover surged by 49% in Russia in 2024
— VLP Group shared the problems of timber cargo logistics with the State Duma
— By the end of 2024, Velsky LPK is planning to ship products to its customers independently
— Volga intends to introduce new products to the market
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