Tag: Russia

Kronospan confirms the separation of its business in Russia

Over the past year Kronospan has completed a strategic review of its business activities in Russia and decided to separate out all business activities in Russia to Causa Foundation, according to the press office of the Austrian holding...

In 2022, the sawn timber export from Russia dropped to an 8-year low

The export of sawn timber is the most important source of income for the Russian timber industry. The number of countries that were buying Russian sawn timber has been consistent over the past decade: 105–110. In December 2022,...

In 2022, the rate of decline in Russian sawn timber exports significantly exceeded the dynamics of output reduction

The output of sawn timber in Russia predictably declined in 2022. If relying on the official data of Rosstat (the Federal State Statistics Service), the decrease was of 11%. Output figures began to slide down to negative values...

Mayr-Melnhof Group divests production sites in Russia

The Mayr-Melnhof Group (MM) has sold its two Packaging sites in Russia, St. Petersburg and Pskov, to the local investor Granelle following approval by the governmental authorities. The selling price amounts to approx €134 million. In 2021, the...

Sawn timber transit through Kazakhstan is banned for Russian exporters

The corresponding document amends Decree of the Government dated July 15, 2010 and sets new standards of letting dried sawn timber across the Russian border: it can now be exported only by railway, to Belarus via the Russian–Belorussian...

Rosselkhozbank: the volume of the Russian packaging market may increase by 30% by the end of 2025

Analysts from the Center of Macroeconomic and Regional Analysis and Forecasting at Rosselkhozbank estimate that the volume of the Russian packaging market may increase by 30% and reach 1.7 trillion rubles by the end of 2025. Eco packaging...

Fewer countries are importing Russian particleboard

According to WhatWood estimates, the particleboard export over 8 months of 2022 was about 1.1 million m³, which is 11% less than in the same period of 2021. The number of countries importing particleboard made in Russia reduces...

Egypt imports Russian plywood at record-setting rates

After July 8, 2022, when supplies of almost all timber products from Russia to EU countries virtually stopped, the average monthly export of Russian plywood plummeted by a half in physical terms. In May and June 2022, just...

Sylvamo completes sale of Russian operations

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

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

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

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...