Tag: AVA-company

Bankruptcy proceedings in relation to AVA Company have been terminated

Based on the motion by the founder and the resolution of the meeting of creditors of AVA Company woodworking plant, the Commercial Court of the Omsk Region terminated the receivership bankruptcy procedure and transferred the company to the...

Russian Timber Journal 09-2021: Interview with Tapani Kiiski, President and CEO of Raute Corporation; current situation in the roundwood market, industry’s opportunities and restrictions from 2022; Segezha Group agrees to acquire forestry assets in Siberia for $515 million; Ikea expects shortages due to supply-chain crisis until mid-2022; Oktyabrsky LZK is going to invest over 1 billion rubles to build a sawmill in the Irkutsk Region

Russian Timber Journal 09-2021: Tapani Kiiski, President and CEO of Raute Corporation: “The Russian market has been among the most important ones for Raute over the past 10 years”; current situation in the roundwood market, industry’s opportunities and restrictions...

AVA Company will be leased to Profit Group without bids

This idea was supported by company’s lenders at the general meeting. Unsold equipment and property of the bankrupted company will be leased to a new owner – Profit Group. The new owner also held meetings with the Government...

Russian Timber Journal 10-2020: European Union is going to conduct an anti-dumping investigation in relation to birch plywood import from Russia, EU may impose duties; interview with Ilya Korotkov, Director General at Cherepovets Plywood and Furniture Mill; Russia is consistently growing the export of larch sawn timber

Russian Timber Journal 10-2020: the European Commission reported the start of the investigation that will determine whether Russian birch plywood import is subject to dumping and whether the European Union industry was harmed; WhatWood Agency had a conversation...

AVA Company assets were purchased by a new investor

100% of the authorized capital of the woodworking plant, AVA Company LLC, which is currently undergoing bankruptcy proceedings, has changed hands, report several regional-level mass media.  The former owner, Longoria Finance Corp. (BVI), sold the asset to Profit...

Russian Timber Journal 06-2020: interview with Thomas Meth, Executive Vice President of Sales and Marketing at Enviva Partners; plywood export from Russia demonstrates confident growth; according to Rosleskhoz data, timber harvesting in Russia reduced by 8% in 2019 by final Rosleskhoz data

Russian Timber Journal 06-2020: interview with Thomas Meth, Executive Vice President of Sales and Marketing at Enviva Partners; plywood export from Russia demonstrates confident growth; according to Rosleskhoz data, timber harvesting in Russia reduced by 8% in 2019...

Russian timber industry news #6-2015

– On March 17, 2015, Lesozavod 25 commissioned a second pellet production line of 60,000 tons per year at its Tsiglomen site. – According to Karelia Pulp CEO Pavel Kalugin, growth of domestic lumber demand led to production...

Russian timber industry news #4-2015

– In the autumn of 2015, three new pellet mills delivered by Hekotek will be put into operation in the Irkutsk region. – The EU requested the establishment of a dispute settlement panel at the World Trade Organization...

Finnish company Satorak Oy to invest €20 billion in Russian forest industry

Finnish company Satorak Oy is going to invest €20 billion into logging and woodworking capacities in Russia within ten years, as Omsk regional press reports. An affiliate company of Satorak, ADS Finland, which was established for doing foreign...