Tag: VEB

Russian Timber Journal 04-2018: In 2017, the production of plywood in Russia reduced for the first time in 9 years, VEB once again confirmed plans to invest into pulp production in the Krasnoyarsk region, Accounts Chamber of Russia found violations in exports of forest products on $210 million

In 2017, the plywood production volume in Russia reduced for the first time since 2009 by 2.2% (YoY) to 3.7 million m3. The main reason for the decline in production: deficit of wood raw materials caused by failure...

Russian timber industry news #16-2016

– Segezha Group may engage in the production of CLT panels, said the President of the company Sergey Pomelov in an interview with Vedomosti business paper. The group also plans to increase production volumes and reduce costs at...

Russian timber industry news #7/8-2016

– Ilim Group has announced the investment of $2 billion in development of its production facilities in the next five years. The company plans to increase annual output by 500 thousand tonnes during this time. – Chinese Hubei...

Russian timber industry news #5-2016

– The Japanese company Iida Sangyo plans to locate a $100-million mill for assembling pre-fabricated wooden houses in the SEZ Alabuga, Tatarstan, as reported by RIA Novosti agency quoting the Director of Investment and Venture Fund of Tatarstan...

Baikal pulpmill closure will take up to six months, “Inmost Russia” theme park to appear there

Closure of Baikal pulpmill will possibly take up to six months, as VEB-Engineering Chief Executive Dmitry Sheibe said in an interview to Prime agency. “Presently the mill employs 1646 people, one third of them will remain at the...