Tag: Segezha Group

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...

Segezha Group continues the modernization of the Karelian Wood Company, a logging and wood processing enterprise

More than RUB 100 million has already been invested in the plant’s modernisation. Moving forward, the company plans to expand its production capacity and secure further investments to the tune of RUB 350 million. The details of the...

Russian Timber Journal 06-2021: interview with Alexander Vysotskiy, Product Director at Data Driven; European Commission’s report on imposing a provisional anti-dumping duty on imports of birch plywood originating in Russia; as of January 1, 2022, quotas on exporting softwood pulpwood and logs will be cancelled in Russia; US lumber prices fell sharply; the Ministry of Industry and Trade considers pulp and paper mills construction in the Far East to be inefficient

Russian Timber Journal 06-2021: Alexander Vysotskiy, Product Director at Data Driven: “Lockdown created the necessary conditions for the digital business”; the European Commission approved for 6 months the introduction of preliminary anti-dumping duties on birch plywood from Russia; the...

Segezha Group completes RUB 14.6 billion investment project in Karelia

Segezha Pulp and Paper Mill (a subsidiary of Segezha Group) has completed an investment project in the field of forest development. Segezha PPM started the project in 2016. Between 2016 and 2020, the investor fulfilled all of its...