WhatWood Biofuel Russian Timber Journal 11-2023: Segezha Group's financial and operating results for Q1-Q3, 2023 and scenarios for 2024; Financial performance of the Russian timber industry began to improve but is still far from the 2021 peaks; Rates of timber harvest decline relative to 2022 are decelerating; Russian plywood production reached 3 million m³ over 11 months of 2023; Construction of a packaging plant worth 19 billion rubles began in the Moscow Region; Ilim Group completed the construction of a pulp-and-cardboard mill

Russian Timber Journal 11-2023: Segezha Group’s financial and operating results for Q1-Q3, 2023 and scenarios for 2024; Financial performance of the Russian timber industry began to improve but is still far from the 2021 peaks; Rates of timber harvest decline relative to 2022 are decelerating; Russian plywood production reached 3 million m³ over 11 months of 2023; Construction of a packaging plant worth 19 billion rubles began in the Moscow Region; Ilim Group completed the construction of a pulp-and-cardboard mill

15 January 2024 ` 10:40

Russian Timber Journal 11-2023: Segezha Group shared its performance over 9 months of 2023, WhatWood quotes the company’s key production and financial performance indicators and presents an adapted management report; According to an estimate by WhatWood, in 2022, the revenue of the Russian timber industry was 2.6 trillion rubles (-10% YoY), while the net profit dropped to 307 billion rubles (-35% YoY), by Q3 2023, almost no timber industry sectors were in the red, in 2023, the combined revenue of the Russian timber industry may reach 2.5 trillion rubles; Rates of timber harvest decline relative to 2022 are decelerating — after 9 months of 2023, the difference was -6%, but after 10 months of 2023, Rosstat has recorded a difference of -4%; Russian plywood production amounted to 3 million m³ in January – November 2023, which is 2.5% less than over the same period last year; L-PAK started building Phase I of the corrugated cardboard and packaging products production plant in the Kashira Special Economic Zone; Ilim Group completed the construction of a pulp-and-cardboard mill in Ust-Ilimsk.

Featured Article:

— Segezha Group’s financial and operating results for Q1-Q3, 2023 and scenarios for 2024;

— Financial performance of the Russian timber industry began to improve but is still far from the 2021 peaks;

— Rates of timber harvest decline relative to 2022 are decelerating;

— Russian plywood production reached 3 million m³ over 11 months of 2023;

— Construction of a packaging plant worth 19 billion rubles began in the Moscow Region;

— Ilim Group completed the construction of a pulp-and-cardboard mill.

Global Timber Markets News:

— In November, industrial logging in Finland decreased by 14%

— Log imports from New Zealand remained firm

— Japan significantly increased its plywood imports in January-October 2023

— US veneer imports’ rebound, but not as sharply as in most years

— MM Group reduces planned investments at Kwidzyn mill in Poland

— Housing starts in Japan declined in November

— China’s exports of wooden furniture declined in January-October 2023.

— Vietnam has now become the second largest wood pellet producer in the world

Russian News:

— Timber accounting systems in Russia and Belarus will start sharing data from December 31, 2023

— Particleboard producers are trying to load their laminating facilities as much as possible

— Sveza plants are powered by in-house sources by 60%

— Upak Group is planning to produce packaging in the Krasnodar Region

— In 2024, Askona is planning to open up to five new hypermarkets

— Half of wood pellets produced in Russia remains in the domestic market

— Segezha Group started shipping laminated beams and CLT from Sokol to China

— Russia may increase the number of border security checkpoints for transporting roundwood from Belarus

— Rosstat published the volume of timber products production in January-November 2023

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Tags: Askona, Ilim Group, MM Group, Rosstat, Segezha Group, Sveza, Upak Group

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