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Tag: Segezha Group

Ilim Group became the largest timber harvesteing enterprise in Russia in 2022

3 July 2023 ` 15:20  
According to data of Roslesinforg, the amount of timber harvested in Russia decreased by 13.5% YoY to 194.6 million m³ in 2022, of which 37.1% (72.1 million m³) was accounted for by the twenty largest harvesting enterprises (the...

Segezha Group announces financial and operating results for Q1 2023

25 May 2023 ` 16:01  
The Group’s revenue for Q1 2023 grew by 10% QoQ to RUB 18.7 billon primarily due to weakening of the rouble to the main foreign currencies rates: -17% for USD, -21% for CNY. The share of export revenue...

Segezha Group sold its European assets that produce paper packaging

3 May 2023 ` 19:06  
Segezha Group closed the deal on selling Segezha Packaging, the enterprise that produces paper packaging in Europe, Mikhail Shamolin, President, told journalists on March 31, 2023. The transaction amount is not disclosed. Segezha Packaging includes seven plants producing...

Segezha Group announces financial and operating results for 2022

3 April 2023 ` 20:43  
Segezha Group announces its consolidated audited IFRS financial results and operating results for the 12 months of 2022. Revenue was up 15% YoY to RUB 106.8 billion, driven mostly by the consolidation of the assets of NLHK and...

Segezha Group may reorient the Segezha West project to new products

21 March 2023 ` 19:10  
It was reported by TASS referencing an announcement by Oleg Ermolaev, Minister of Economic Development and Industry of Karelia. The Segezha West project in Karelia could be implemented by a different schedule because some specific features of production...

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...

Segezha Group starts selling apartments in the first CLT houses in Russia

2 March 2023 ` 12:47  
Segezha Group is officially starting selling housing in the first Russian high-rise CLT buildings. These are one-room and two-room apartments with an area of 48–63 m² in two four-storey buildings of Sokoliki Housing Estate in the town of...

Segezha Group obtained a Kazakhstan certificate for its CLT panels

24 January 2023 ` 19:14  
The certificate confirms compliance with the safety requirements of the republic. Margarita Lee, Vice President of Segezha Group, notes that obtaining such certificates in Kazakhstan will facilitate the implementation of large projects with the participation of government agencies...

Segezha Group considers sale of its packaging plants in Europe

28 December 2022 ` 18:33  
Segezha Group is considering the selling its European assets or forming joint ventures with a minority stake. The Company has already received three offers from potential buyers, but decision has not yet been made, explains Mikhail Shamolin, President of...