Tag: IKEA

IKEA liquidates the company operating its stores in Russia

IKEA, a chain of stores offering home goods, has decided to liquidate IKEA Dom, a company operating its stores in Russia. The legal entity filed an application for liquidation with the Federal Tax Service on August 15, as...

Russian Timber Journal 02-2022: interview with Jean-Francois Guilbert, Managing Director of FrenchTimber; survey of WhatWood clients on 2021 performance and prospects for 2022; how anti-Russian sanctions will affect the Russian timber industry; Government of the Russian Federation articulated support measures for the timber industry; ULK Group suspends construction of Pinezhsky LPK; some foreign timber companies suspend their activities in Russia

Russian Timber Journal 02-2022: Jean-Francois Guilbert, Managing Director of FrenchTimber: “Sawn timber prices have been stable for 20 years so they’re catching up now”; WhatWood surveyed its clients — actors in the Russian timber industry market – in order...

IKEA pauses operations in Russia and Belarus

Inter IKEA Group has taken the decision to pause all export and import in and out of Russia and Belarus. Inter IKEA Group has taken the decision to pause all IKEA Industry production operations in Russia. This also...

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...

Ikea expects shortages due to supply-chain crisis until mid-2022

Swedish home-furnishings giant Ikea gave a bleak outlook for the retail industry, saying it expects shortages from the supply-chain crisis to remain an issue through the middle of next year. “The biggest challenge has been getting products out...

Ascona invests 2 billion rubles in the production of goods for IKEA

The enterprise in Dobrograd-1 SEZ in the Vladimir region is scheduled to be put into operation in H2 2022. The new site of Ascona Group will produce mattresses, pillows, and upholstered furniture for the world’s largest furniture retailer,...

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 11-2020: projected construction of a timber industry complex on the Sakhalin island, Russia, will have the capacity to process over 1.2 million m³ of raw material per year; a significant rise in prices for particleboards is being observed in Russia; interview with Yury Shishkunov, Head of LesoTorgovaya Companiya LLC; Russian sawn timber exports to Japan in 2020, results and outlook

Russian Timber Journal 11-2020: by the directive of the Sakhalin regional government, it is planned to construct one of the largest wood processing centers in all of Russia; Russian retail prices for particleboards began to rise; Yury Shishkunov: “If...

IKEA Germany sees a sharp increase in online sales

IKEA Germany closed the 2020 financial year (September 1, 2019 to August 31, 2020) with retail sales of € 5.325 billion, which corresponds to an increase of 0.9% compared to the previous year. Online sales amounted to €...

EBRD will give loans to Belarus timber industry

European Bank for Reconstruction and Development made a decision to support VMG Group’s business in Belarus. VMG Industry FLLC located in Mogilev Special Economic Zone and Swoods Export FLLC from Borisovo will receive loans. Specifically, the company from...

Investment projects of Les-Export and Sibirles being Implemented in the Tomsk region are included in the list of priority ones in the forest sector

Les-Export company is creating a harvesting infrastructure in Aleksandrovsky and Kargasoksky districts along with the facilities for integrated wood processing in the village of Krasny Yar. The project is expected to be implemented before 2024, investments will amount...

Russian Timber Journal 09-2019: Managing Director of the Finnish Sawmills Association Kai Merivuori about falling sawn timber prices; annual Russian Forest Industry Review; the Russian government cuts transport subsidies for the timber industry; Sergey Anoprienko appointed as a new head of the Federal Forestry Agency

Russian Timber Journal 09-2019: Managing Director of the Finnish Sawmills Association  Kai Merivuori: “All markers are in the red zone. We can expect a reduction in production”; Russian Forest Industry Review, 2018-2019: peak forest products prices in 2018,...