Tag: Segezha Group

Segezha Group announces its unaudited consolidated IFRS financial results and operating results for Q1 2022.

Revenue was up 96% YoY to RUB 35.6 billion, driven by higher sales, higher average selling prices, a positive effect from ruble depreciation and also the effect of consolidation of the assets of Novoeniseisk Wood-Chemical Complex (NLHK) and...

Russian Timber Journal 05-2022: interview with Alexander Shangin, CEO, Vologodskiye Lesopromyshlenniki Group; roaring demand in 2021 caused a consumption/supply imbalance in the Russian MDF/HDF market; Rosleskhoz urges for reduced liability of forest users operating LesEGAIS; plywood production continues to decline in Russia; Valmet’s withdrawal from Russia is progressing; Rehau to withdraw business in Russia

Russian Timber Journal 05-2022: Alexander Shangin, CEO, Vologodskiye Lesopromyshlenniki Group: “Substantial assistance to systemically important federal-level enterprises is currently non-existent”; roaring demand in 2021 caused a consumption/supply imbalance in the Russian MDF/HDF market; Rosleskhoz urges for reduced liability of forest users...

Segezha Group announces operating and financial results for FY 2021

Segezha Group announces its consolidated audited IFRS financial results and operating results for the 12 months of 2021 (FY 2021). Revenue totalled RUB 92.4 billion, a 34% YoY increase, amid a recovery in global demand and higher average...

Russian Timber Journal 02-2022: interview with Jean-Francois Guilbert, Managing Director of FrenchTimber; survey of WhatWood clients on 2021 performance and prospects for 2022; how anti-Russian sanctions will affect the Russian timber industry; Government of the Russian Federation articulated support measures for the timber industry; ULK Group suspends construction of Pinezhsky LPK; some foreign timber companies suspend their activities in Russia

Russian Timber Journal 02-2022: Jean-Francois Guilbert, Managing Director of FrenchTimber: “Sawn timber prices have been stable for 20 years so they’re catching up now”; WhatWood surveyed its clients — actors in the Russian timber industry market – in order...

Segezha Group improves the environment by completely replacing precipitators at Segezha Pulp and Paper Mill

Segezha Group launched the final stage of its long-term environmental programme to overhaul soda recovery boilers and replace electrostatic precipitators at Segezha Pulp and Paper Mill. The total project cost is approximately RUB 2 billion. The project has...

Russian Timber Journal 12-2021: the Ministry of Industry and Trade of the Russian Federation discussed the industry’s acute issues with the biggest wood-based panels producers; Ukraine introduces anti-dumping duties on import of particleboards from Russia and Belarus; U.S. homebuilding increased to a nine-month high in December 2021; Kazakh investor is planning to start producing OSB in Russia; sawn timber prices remain at a consistently high level in Russia

Russian Timber Journal 12-2021: the biggest producers of wood-based panel products from Russia discussed their industry’s acute issues and potential solutions with high-ranking officials from the Ministry of Industry and Trade; the Interdepartmental Commission on International Trade of...

Segezha Group expanded its reforestation area by 20% in 2021

Segezha Group restored 34,835 ha of forest lands. The reforestation projects have been approved by the governing authorities. Thus, between May and November 2021, Segezha Group restored forests in Krasnoyarsk Krai (15,800 ha), Karelia Republic (8,200 ha), Vologda...

Segezha Group is growing its assets in the Krasnoyarsk Region

Segezha Group purchased Taiga LLC and Yeniseyskiye Polya in the Krasnoyarsk Region from Rockwell Capital via Segezha Sibir, its subsidiary, in order to build a pulp and paper mill in Lesosibirsk, as reported by RBC referencing a Segezha...

Russian Timber Journal 11-2021: Interview with Metin Mete, General Manager at HAYAT Russia; U.S. has decided to almost double the duties on Canadian softwood lumber; U.S. homebuilding surged to an eight-month high in November 2021; Government of the Russian Federation approved the purchase of 75% of RFP Group by a Japanese investor; Russian Railways reports a significant reduction of timber cargo export from Russia in December

Russian Timber Journal 11-2021: Metin Mete, General Manager at HAYAT Russia: “The whole market of paper tissue products is growing by an average of 5% a year”; U.S. has decided to almost double the duties on Canadian softwood lumber...

Segezha Group confirms the quality of its CLT panels by obtaining the Conformité Européenne (CE) certificate

The Sokol CLT plant belonging to Segezha Group has successfully passed Conformité Européenne certification for its cross-laminated timber (CLT) panels. The CE certificate was obtained after a field audit performed by employees of HolzForschung Austria, the largest Austrian...

Sistema completes sale of minority stake in Segezha Group

Sistema PJSFC announces the closing of the sale of 8.7% of the ordinary shares of PJSC Segezha Group to Bonum Capital Ltd for $150 million. Following the closing of the transaction, Sistema PJSFC stake in the share capital...

Segezha Group completes acquisition of Inter Forest Rus

Segezha Group announces that it has completed the acquisition of LLC Inter Forest Rus from Bonum Capital Ltd. Inter Forest Rus, which comprises 24 forest industry assets and a substantial forest resource base in the Krasnoyarsk and Irkutsk...