Tag: Segezha Group

Russian Timber Journal 09-2021: Interview with Tapani Kiiski, President and CEO of Raute Corporation; current situation in the roundwood market, industry’s opportunities and restrictions from 2022; Segezha Group agrees to acquire forestry assets in Siberia for $515 million; Ikea expects shortages due to supply-chain crisis until mid-2022; Oktyabrsky LZK is going to invest over 1 billion rubles to build a sawmill in the Irkutsk Region

Russian Timber Journal 09-2021: Tapani Kiiski, President and CEO of Raute Corporation: “The Russian market has been among the most important ones for Raute over the past 10 years”; current situation in the roundwood market, industry’s opportunities and restrictions...

Segezha Group’s industrial packaging facility in Romania completes its first FSC certification

The Segezha Packaging facility in Ploiești, Romania has just obtained its first FSC international certificate. BM Certification, an independent certification body, carried out the evaluation of the Segezha Packaging facility’s compliance with FSC requirements. It became the fifth...

Segezha Group’s fuel briquettes receive FSC certification

Starting from October this year, the RUF fuel briquettes from Vyatsky Plywood Mill (part of Segezha Group) will bear the FSC (Forest Stewardship Council) label. The production capacity is 15,000 tons/year. The mill was audited by the Russian...

Segezha Group agrees to acquire forestry assets in Siberia for $515 million

Segezha Group will acquire 100% of the share capital of Inter Forest from Bonum Capital Ltd for $515 million. Segezha Group will finance the acquisition with funds from a new issue of RUB-denominated exchange-traded bonds as well as...

Segezha Group Has Shipped Products through Singapore for the First Time

Segezha Group has started commercial activities through its representative office in Singapore, Segezha International Pte. Ltd. The new company sells the entire range of the Group’s products directly to customers in the region: kraft paper, industrial and consumer...

Segezha Group completes consolidation of ownership of Novoeniseisk Wood Chemical Complex

Segezha Group announces that Lesosibirsk LDK (a Segezha Group company) has exercised an option agreement with Non-core assets Bank “Trust” for the acquisition of a majority stake in Tegli Holdings Ltd (the parent company of Novoeniseisk Wood Chemical...

Segezha Group launches commercial production of white paper

Segezha Group has launched commercial production of two new products: white semi-flexible and white high-porosity paper. These are manufactured at the company’s flagship Segezha Pulp and Paper Mill (Karelia). The new products are supplied both to the Group’s...

Segezha Group announces financial and operating results in 1H 2021

Segezha Group (MOEX: SGZH), a leading vertically integrated holding company in the timber industry performing a full cycle of operations from logging to advanced wood processing, announces its operating and interim consolidated IFRS financial results in 1H 2021....

Segezha Group increases pellet production and exports to Europe

In 1H 2021, KsyloTech-Siberia, the Company’s pellet asset in Krasnoyarsk Krai at the Lesosibirsk Sawmills and Woodworking Plant (LLDK No. 1), produced 43,400 tons of pellets, a 17% YoY increase. Between January and June 2021, 40,200 tons of pellets...

Segezha Group is increasing its paper packaging production in Rostov Region

In 1H 2021, the branch of Segezha Packaging LLC (Segezha Group) in Salsk, Rostov Region, produced 81 million units of industrial paper packaging, doubling production volumes compared to the same period last year. By the end of this...

Segezha Group begins upgrade of Onega LDK plant in Arkhangelsk region

Segezha Group has begun a full upgrade of equipment at Onega LDK, the Company’s wood-processing asset in Arkhangelsk region. The project will be completed over a period of 2.5 years and will receive investment totaling more than RUB...

Segezha Group launches pellet production facility in Sokol

Segezha Group, a leading Russian vertically integrated holding company in the forest industry performing a full cycle of operations from logging to advanced wood processing, is continuing the construction of a pellet production facility to turn by-products and...