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Tag: West Fraser

Russian Timber Journal 02-2023: interview with Yuri Strezhen, CEO at Praktika Group; state support measures for the Russian timber industry affected by the sanctions pressure; China reduced log imports from all the main suppliers in 2022; Vladimir Putin proposed to grant enterprises a deferment on forest area lease payments for unharvested timber; the Government of the Russian Federation increased the maximum amount of compensation for the expenses of timber enterprises for the transportation of their products; in 2022, Russia reduced the volume of logging by 13.5% to 194.6 million m³, according to Roslesinforg; Russian Railways resumed accepting sawn timber for export shipments through Kazakhstan; International Paper reaches agreement to sell ownership interest in Ilim joint venture; Segezha Group may reorient the Segezha West project to new products; the volume of furniture export from Russia dropped by 39% YoY in 2022, down to 29.5 billion rubles; Luzales and Slotex acquire Russian assets of IKEA

Russian Timber Journal 02-2023: Yuri Strezhen, CEO at Praktika Group: “This is a good time to improve the efficiency of both production and administrative processes of enterprises”; support measures mentioned by the business, relevant agencies, regions, the Government...

West Fraser Timber to acquire Norbord in all-stock deal valued at $3.1 billion

20 November 2020 ` 16:20  
A $3.1-billion all-stock deal to take over Norbord Inc. will transform West Fraser Timber Co. Ltd. into a “global diversified wood products company,” CEO Ray Ferris said Thursday. Norbord, the world’s largest manufacturer of oriented strand board housing...

Global Trends Review, April 21 – May 04, 2014: Nordic sawmillers report positive Q1 2014; importers of Asian plywood switch to break bulk shipments

10 May 2014 ` 13:13  
Scandinavian sawn timber producers report a good start of 2014 due to improved market demand and better prices on major markets, TTJ said. Moelven’s pre-tax profits in Q1 2014 were NOK 32.9 million (€4 million), compared to NOK...

Global Trends Review, October 28 – November 03, 2013: lumber market oversaturation in Japan to end in Q2 2014; companies publish Q3 results

7 November 2013 ` 03:14  
Scandinavian woodworking companies report improving market conditions, higher selling prices and lower raw material costs. Their North American colleagues also publish very positive results, despite lumber prices falling back from Q2, TTJ reported. Setra’s UK sawn timber sales...