Tag: Huhtamaki

Russian Timber Journal 02-2023: interview with Yuri Strezhen, CEO at Praktika Group; state support measures for the Russian timber industry affected by the sanctions pressure; China reduced log imports from all the main suppliers in 2022; Vladimir Putin proposed to grant enterprises a deferment on forest area lease payments for unharvested timber; the Government of the Russian Federation increased the maximum amount of compensation for the expenses of timber enterprises for the transportation of their products; in 2022, Russia reduced the volume of logging by 13.5% to 194.6 million m³, according to Roslesinforg; Russian Railways resumed accepting sawn timber for export shipments through Kazakhstan; International Paper reaches agreement to sell ownership interest in Ilim joint venture; Segezha Group may reorient the Segezha West project to new products; the volume of furniture export from Russia dropped by 39% YoY in 2022, down to 29.5 billion rubles; Luzales and Slotex acquire Russian assets of IKEA

Russian Timber Journal 02-2023: Yuri Strezhen, CEO at Praktika Group: “This is a good time to improve the efficiency of both production and administrative processes of enterprises”; support measures mentioned by the business, relevant agencies, regions, the Government...

Huhtamaki divests its operations in Russia

Huhtamaki has sold its operations in Russia to Espetina Ltd. Espetina is a holding company owned by Alexander Govor and Iury Kushnerov. The transaction includes four manufacturing units in Russia, employing 724 people. On April 14, 2022, Huhtamaki...

Huhtamaki to initiate process to divest its Russian operations

Huhtamaki has decided to initiate the process to divest its operations in Russia. This follows an earlier decision to stop all investments in Russia. Huhtamaki considers that the current evolution of the situation and the long-term outlook in...

Huhtamaki to build a second plant in Alabuga SEZ (Tatarstan)

The new plant with a total area of 8,300 m² will produce 211 million egg boxes per year. The investments in the project are estimated at 1.4 billion rubles. The construction of the facility has already begun, the...

Russian Timber Journal 05-2021: Interview with Vadim Vodolazko, General Director of Schmidt & Olofson; The European Commission introduces temporary anti-dumping measures against the import of birch plywood from Russia; Russian Government introduces duties on the export of timber with a moisture content of over 22%; Smurfit Kappa to invest over 1 billion rubles to expand its production in the Leningrad region; Segezha Group and the Republic of Karelia confirm intention to construct a pulp and paper industrial complex

Russian Timber Journal 05-2021: Vadim Vodolazko, General Director of Schmidt & Olofson: “According to our estimates, 10-15% of harvested timber is lost en route from the forest log depot to the mill log yard”; information on preliminary anti-dumping duties...

Russian Timber Journal 04-2021: Possible scenarios of Russia’s unprocessed wood balance after imposing a ban on exports of softwood and hardwood logs; a state company for roundwood export will be established in Russia by the end of 2021; Segezha Group announces pricing of IPO and listing on Moscow Exchange; the European Commission published tentative anti-dumping duties for Russian producers of birch plywood

Russian Timber Journal 04-2021: WhatWood agency about possible scenarios of Russia’s unprocessed wood balance after imposing a ban on exports of softwood and hardwood logs; Yury Trutnev, Deputy Prime Minister and Presidential Envoy in the Far East, declared that...

Huhtamaki to buy Jiangsu Hihio-Art Packaging assets

Huhtamaki has agreed to buy assets of China-based Jiangsu Hihio-Art Packaging in a €27 million debt-free transaction. Jiangsu Hihio-Art manufactures paper bags, wraps and folding carton packaging for international quick-service restaurants and national bakery chains. The acquisition will...

Russian Timber Journal №04-2019: In 2018, the world sawn timber trade fell for the first time in five years; analytical study of WhatWood on the market of raw timber in Russia; decline in prices and volumes of trade in sawn timber on world markets; another record of China’s imports of round timber

Russian Timber Journal №04-2019: Russian Timber Journal 04-2019: In 2018, the world sawn timber trade fell for the first time in five years; WhatWood’s interview with CEO of RFP Group Dmitry Valtfogel; disbalance between the demand and supply...