Tag: Metsa Group

VLP Group purchased all assets of Metsä Group in the Leningrad Region

Vologodskiye Lesopromyshlenniki Group confirmed purchasing a 100% share of Russian assets previously owned by Metsä Group (Finland). The government commission and the Federal Anti-Monopoly Service of Russia approved the deal. The leasehold, harvesting operations, and a sawmill are...

Russian Timber Journal 10-2023: Interview with Andrey Krivoshein, Vice President of the Chamber of Commerce and Industry of Komi; Russia’s wood pellet industry: from a rapid growth to challenging times; US housing starts unexpectedly rise to a six-month high; Russian roundwood price growth accelerated in November; A large particleboard production site is planned in the Penza Region; Russian plywood output increased in October 2023; Komi is planning to double its wood pellet consumption due to boiler houses upgrading

Russian Timber Journal 10-2023: Andrey Krivoshein, Vice President of the Chamber of Commerce and Industry of Komi: “Conversion from fuel oil and coal to biofuel will have a huge synergy effect”; Russia’s wood pellet industry: from a rapid growth to...

Metsä Group may surrender lease on forest areas in the Leningrad Region

Metsä Forest Podporozhye, a timber harvesting company that is part of Metsä Group (Finland), is planning to terminate employment contracts with all of its workers by mutual consent of the parties by October 2023, as reported by Novy...

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...

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...

Metsä Group suspended operations at Metsä Svir sawmill

Metsä Group (Finland) announced suspension of operations at its only production unit in the Leningrad Region, Russia. Raw material purchasing and supplies to the Group’s Finnish and Swedish plants were also terminated. According to the investment web portal...

Metsä Group’s sales drop in Q1 2020

According to the official website of the Metsa Group, in the first quarter of 2020, sales amounted to EUR 1.253 billion, which is 12.9% less than a year earlier. Operating profit for the reporting period decreased by 66.7%...

By 2023 Metsä Group will invest about €2 billion in the development of business projects for wood processing

Metsä Group continues to implement its strategy and begins preliminary development of engineering projects related to the construction of a new plant for the production of biological products in Kemi and a new sawmill in Rauma in Finland,...

A wooden Metsä pavilion for the 2020 Olympic Games will be built in Tokyo

Metsä Group and Business Finland are joining forces in building a wooden Metsä pavilion to be used in Tokio during the Olympic games. The pavilion will be built on the grounds of the Finnish Embassy in the center of...

Global timber market review #12-2016

– After the excellent annual result in 2015 with an increase of 10.9% and in total over 100m EPAL pallets, 73.6m of which were newly produced EPAL Euro pallets, the upward trend is continuing in the first quarter...

Global timber market review #3-2016

– The decline in Canada’s sawnwood exports to China has turned sawmills to look for alternative export markets. Possible candidates to make up for the weak low-grade lumber market in China are South Korea, Japan, India and other...

Global timber market review #17-2015

– According to a representative from one of the main redwood markets in Beijing, some 12 stores selling redwood products have closed and only 2 remained open as of the end of July. The future for solid wood...