Tag: USTC

USTC acquires majority stake in CM Biomass

Denmark’s USTC has acquired a majority 60% stake in compatriot CM Biomass, the world’s largest independent wood pellet trading company. No price for the transaction has been revealed. “We have been through a fantastic journey and are now...

Russian Timber Journal 03-2021: interview with Oleg Fokin, Commercial Director of Sudoma Sawmill; markets of South Korea and Japan: prospects for the development of wood pellet exports from Russia; U.S. softwood sawn timber prices unchanged from the previous week; timber exporters from Irkutsk are experiencing difficulties in shipping products to China; investments in the Russian forest industry decreased by 9.8% in 2020

Russian Timber Journal 03-2021: Oleg Fokin, Commercial Director of Sudoma Sawmill: “At the moment, Russia does not have enough own production facilities for processing low-grade timber in full”; WhatWood: Russian wood pellet exports outlook to the South Korea and...