Tag: Segezha Group

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

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

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

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...

Russian Timber Journal 03-2023: interview with Pavel Kunin, Commercial Director at Doza-Gran; Russia exports almost no unprocessed timber; list of assignments given by the President of the Russian Federation as a follow-up to a meeting on the development of the Russian timber industry; China plans to increase plywood production capacity in 2023; Association of Furniture and Woodworking Enterprises of Russia suggests increasing the import duty on European furniture to 50%; owner of Leroy Merlin will hand over its Russian business to the management team; Governmental commission approved the sale of a share in Ilim by International Paper; large timber enterprises of the Tomsk Region are suspending production; Russian plywood output rose in February; Segezha Group sold its European assets that produce paper packaging; in 2022, the Russian export of wood and articles of wood dropped by almost one-fourth

Russian Timber Journal 03-2023: Pavel Kunin, Commercial Director at Doza-Gran: “From the financial and time perspective, a wood pellet line is the most lucrative kind of investment associated with recycling sawmilling waste”; in 2022, the volume of roundwood export...

Segezha Group announces financial and operating results for 2022

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

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

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...

Russian Timber Journal 01-2023: interview with Valeriy Sergeevich Sukhanov, D. Eng., Honored Worker of the Russian Forest Industry; in 2022, the sawn timber export from Russia dropped to an 8-year low; North American companies continue to cut sawn timber production; the Government of Russia allowed transportation of roundwood and sawn timber to EAEU countries; in 2022, the Russian export of timber products reduced by two times and railway transportation, by 22%; over 25 billion rubles’ worth of transportation costs of industrial products export will be subsidized in 2023

Russian Timber Journal 01-2023: Valeriy Sergeevich Sukhanov, D. Eng., Honored Worker of the Russian Forest Industry: “The Russian timber industry has degraded”; in 2022, the export of sawn timber from Russia dropped by 22% YoY, down to 23.5 million...

Segezha Group obtained a Kazakhstan certificate for its CLT panels

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...

Russian Timber Journal 12-2022: interview with Anatoly Shcherbakov, Director for Timber Supply and Logistics at VLP Group; preliminary results of the Russian timber industry for 2022: the beginning of complex structural transformations; Lithuania tightens control over timber imports from Russia and Belarus; the Russian Government extended the increased rates of customs duties applied to exports of raw sawn timber until the end of 2025; plywood production in Russia fell to a ten-year low in 2022

Russian Timber Journal 12-2022: Anatoly Shcherbakov, Director for Timber Supply and Logistics at VLP Group: “No effective state aid measures to support timber harvesting activities have been taken so far”; preliminary results of the Russian timber industry for 2022: the...

Segezha Group considers sale of its packaging plants in Europe

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...