Tag: Rusforest

RusForest managed to increase revenue and average lumber prices in Q1 2013

RusForest, a Swedish forestry company with operations in Russia, released its first quarter 2013 interim report. Revenue increased by 43% to SEK 156.9 million (€18.26 million), net profit after the bond restructuring amounted to SEK 188.1 million (€21.89...

RusForest sold Shenkursk and Ust-Ilimsk sawmills as non-core assets

Swedish company RusForest operating in Russia has closed the sale of Shenkursk sawmill in Arkhangelsk region for $1 million. The sawmill has an annual capacity of 80,000 cubic metres of sawnwood, but it has no forestry leases nearby...

RusForest to shift sales from Middle East to Japan and China

Rusforest Group issued annual report for 2012. Company’s total turnover for 2012 amounted to SEK 564.3 million ($85.5 million) compared to SEK 409.4 million ($62 million) in 2011. These results were affected by the inclusion of income and...

Back from the beginning: Mikhail Papylyov appointed CEO of two RusForest enterprises

On Thursday, February 21 it was announced that Mikhail Papylyov resigned as CEO of the Arkhangelsk Pulp and Paper Mill (Novodvinsk, Arkhangelsk region). He held this post over 1.5 years. He was followed by the mill’s Director, Economics...

Rusforest appointed new Chief Executive

Rusforest appointed Garrett Soden as new CEO, the company reported. Earlier he worked as Financial Director in Etrion corporation (Switzerland) which deals in solar energy. From now on, Martin Hermansson who was the head of the company since June...