Tag: Segezha Group

Russian Timber Journal 11-2023: Segezha Group’s financial and operating results for Q1-Q3, 2023 and scenarios for 2024; Financial performance of the Russian timber industry began to improve but is still far from the 2021 peaks; Rates of timber harvest decline relative to 2022 are decelerating; Russian plywood production reached 3 million m³ over 11 months of 2023; Construction of a packaging plant worth 19 billion rubles began in the Moscow Region; Ilim Group completed the construction of a pulp-and-cardboard mill

Russian Timber Journal 11-2023: Segezha Group shared its performance over 9 months of 2023, WhatWood quotes the company’s key production and financial performance indicators and presents an adapted management report; According to an estimate by WhatWood, in 2022,...

Segezha Group announces financial and operating results for Q3/2023

Segezha Group announces its unaudited consolidated financial results and operating results for Q3 2023. Revenue was up 13% QoQ to RUB 23.9 billion, driven by the increased sales volumes of the Group’s finished products. The weakening of the...

Russian Timber Journal 09-2023: Interview with Oleg Fokin, Director for Timber Export at Technonicol; Demand for furniture boards exceeded the supply in October; Global pulp prices have fallen steadily since late 2022, when they reached record highs; Timber products export by trucks to Mongolia and China was allowed for two more years; Segezha Group announces financial and operating results for Q3/2023; Ministry of Industry and Trade suggested cancelling the export duty on pulp and paper products; Russian furniture output surged; Over 9 months of 2023, the Russian roundwood export to EEU countries grew by almost 15%

Russian Timber Journal 09-2023: Oleg Fokin, Director for Timber Export at Technonicol: “Now is a good time to invest in the woodworking industry”; Demand for furniture boards exceeded the supply in October; Global pulp prices have fallen steadily since late...

Segezha Group launched a new woodworking center

Segezha Group continues to implement an investment project on increasing the capacity of Vyatsky Plywood Mill in Kirov, as reported by the company’s official Telegram channel. A new automatic woodworking center by Homag with numeric control for additional...

Russian Timber Journal 07-2023: interview with Segezha Group President Mikhail Shamolin after the announcement of the company’s financial and operating results for Q2 2023; Russian timber industry in 1H 2023: cautious signs of recovery; Mondi announces agreement to sell Mondi Syktyvkar; transaction on International Paper stake buyout by Russian shareholders is closed; Cherepovets Plywood and Furniture Plant and VLP Group have completed a major investment project on building a plywood mill in the Vologda region; Association of Furniture and Woodworking Enterprises of Russia: in H1 2023, the Russian furniture output increased; President of the Russian Federation instructed to accelerate the issuance of documents for building multi-story wooden houses

Russian Timber Journal 07-2023: Mikhail Shamolin, President at Segezha Group: “The price levels we have now reached reflect the current global situation”; Russian timber industry in 1H 2023: cautious signs of recovery; Mondi announces that it has entered into an...

Mikhail Shamolin, President at Segezha Group: “The price levels we have now reached reflect the current global situation”

At present, Segezha Group is the only Russian timber enterprise publicly traded in the stock market. On August 29, the Group submitted the Q2 2023 report and held a conference call with the management team to discuss its...

Segezha Group announces its unaudited consolidated financial and operating results for Q2 2023

Revenue was up 13% QoQ to RUB 21.1 billion, driven by the increased sales volumes of the Group’s finished products. The weakening of the rouble against major foreign currencies also had a positive impact. OIBDA increased 2.7 times...

Segezha Group increased paper bags output at its plant near Moscow

Segezha Packaging (Lobnya, Moscow Region) ramped up the production of consumer paper bags. In 2022, the enterprise produced 52.5 million pieces, while the 2021 output was 29.8 million pieces. In H1 2023, Segezha Packaging made 35.2 million pieces....

Russian Timber Journal 06-2023: interview with Vitaly Demidenko, Sales Director at Sveza; in 2022, Russian timber harvesting volumes dropped to the lowest level in the last 9 years; Russian timber exporters were able to reimburse up to 80% of their costs of product transportation via sea ports in the Northwestern Federal District; Federation Council suggested introducing prohibitive duties on furniture and paper from unfriendly countries; Essity has exited the Russian market; Luzales plans to open new plywood plant in the Omsk region; Russian plywood output increased in June 2023

Russian Timber Journal 06-2023: Vitaly Demidenko, Sales Director at Sveza: “The period when the demand for birch plywood surpassed the supply in the available markets is over. The approach to sales changed too.”; According to the Rosleskhoz, in 2022, the...

Russian Timber Journal 05-2023: interview with Andrey Yudin, Logistics Director of Segezha Group; regional authorities ask to support the Russian timber enterprises due to the persisting tense situation in the industry; the Government of the Russian Federation extended the list of checkpoints along the land border with Kazakhstan authorised to process exports of timber products; Ilim Group became the largest timber harvesting enterprise in Russia in 2022; VLP Group to invest 2.6 billion rubles in Hasslacherles’ former enterprise; Segezha Group sold its European paper packaging enterprises for €100 million; L-PACK to invest over 10 billion rubles to build a corrugated cardboard plant in the Moscow region

Russian Timber Journal 05-2023: Andrey Yudin, Logistics Director of Segezha Group: “We are witnessing a serious imbalance between the freight traffic flows and the availability of transport means”; the Arkhangelsk Regional Assembly of Deputies (AOSD) held an expanded meeting of...

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...