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Tag: Russia

Sylvamo completes sale of Russian operations

8 November 2022 ` 12:45  
Sylvamo, the world’s paper company, is announcing it reached an agreement and completed the sale of its Russian operations to Pulp Invest Limited Liability Company for $420 million. After foreign currency exchange rates and transaction fees, Sylvamo received...

ITTO: US plywood imports from Russia more than doubled in August

17 October 2022 ` 18:52  
After four months of decline, US imports of hardwood plywood bounced back in August, gaining 11% over the previous month, according to the International Tropical Timber Organization (ITTO). However, the 302,300 m³ imported was 7.4% less than the...

EU bans imports of wood pulp and paper from Russia

6 October 2022 ` 16:56  
The European Commission announced that the EU countries have approved the eighth package of sanctions against Russia. Additional restrictions include a ban on imports of wood pulp and paper from Russia. All imports of products from Russia, which...

Huhtamaki divests its operations in Russia

8 September 2022 ` 20:10  
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...

Roslesinforg: timber harvesting in Russia decreased by 4.5% in 1H 2022

7 September 2022 ` 21:14  
According to Roslesinforg, the volume of timber harvesting in Russia following the results of the 1H 2022 decreased by 4.5% YoY to 100.3 million m³. Positive dynamics was recorded only in the Central and Ural federal districts —...

Russian timber harvest increased by 3.7% in 2021

7 September 2022 ` 21:10  
Federal Forestry Agency (Rosleskhoz) published timber harvesting data for all regions of the Russian Federation for 2021. At year-end, timber harvested in Russia increased by 3.7% YoY and totaled 225 million m³. The Kostroma region has been remaining...

IKEA liquidates the company operating its stores in Russia

6 September 2022 ` 22:33  
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...

UK detects Russian origin of imported Chinese plywood

6 September 2022 ` 22:27  
Timber Development UK (TDUK), has issued a trade alert urging vigilance to ensure no plywood offered by Asian manufacturers to UK importers contains birch originating in Russia. TDUK note that a worrying development has emerged in recent weeks...

In January-July 2022, sawn timber production in Russia decreased by 4.8%

26 August 2022 ` 11:51  
According to Rosstat, the production of Russian sawn timber in January-July decreased by 4.8% YoY to 17.8 million m³. In July, sawn timber production continues to decline: -13.3% YoY, -6.4 MoM.

In July 2022, Russian plywood production fell by more than 40%

26 August 2022 ` 11:36  
According to Rosstat, in July 2022, Russia reduced plywood production by 42.4% YoY, producing just over 220,000 m³. In January-July 2022, Russian plywood production decreased by 20.9% YoY to 2.12 million m³.

US hardwood plywood imports continue downward

24 August 2022 ` 16:20  
US imports of hardwood plywood fell for a third straight month, declining by 9% in June, ITTO reports. The 296,900 m³ imported was the lowest volume month of the year and was 2.3% less than the previous June. Imports...

Mondi sells Mondi Syktyvkar for €1.5 billion

15 August 2022 ` 16:33  
Mondi PLC announced it had entered into an agreement to sell Syktyvkar mill, its most significant facility in Russia, for around €1.5 billion. The disposal is conditional on the approval of the Russian government. The deal is also...