Tag: West Fraser

Russian Timber Journal 07-2023: interview with Segezha Group President Mikhail Shamolin after the announcement of the company’s financial and operating results for Q2 2023; Russian timber industry in 1H 2023: cautious signs of recovery; Mondi announces agreement to sell Mondi Syktyvkar; transaction on International Paper stake buyout by Russian shareholders is closed; Cherepovets Plywood and Furniture Plant and VLP Group have completed a major investment project on building a plywood mill in the Vologda region; Association of Furniture and Woodworking Enterprises of Russia: in H1 2023, the Russian furniture output increased; President of the Russian Federation instructed to accelerate the issuance of documents for building multi-story wooden houses

Russian Timber Journal 07-2023: Mikhail Shamolin, President at Segezha Group: “The price levels we have now reached reflect the current global situation”; Russian timber industry in 1H 2023: cautious signs of recovery; Mondi announces that it has entered into an...

Russian Timber Journal 06-2023: interview with Vitaly Demidenko, Sales Director at Sveza; in 2022, Russian timber harvesting volumes dropped to the lowest level in the last 9 years; Russian timber exporters were able to reimburse up to 80% of their costs of product transportation via sea ports in the Northwestern Federal District; Federation Council suggested introducing prohibitive duties on furniture and paper from unfriendly countries; Essity has exited the Russian market; Luzales plans to open new plywood plant in the Omsk region; Russian plywood output increased in June 2023

Russian Timber Journal 06-2023: Vitaly Demidenko, Sales Director at Sveza: “The period when the demand for birch plywood surpassed the supply in the available markets is over. The approach to sales changed too.”; According to the Rosleskhoz, in 2022, the...

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...

Russian Timber Journal 01-2023: interview with Valeriy Sergeevich Sukhanov, D. Eng., Honored Worker of the Russian Forest Industry; in 2022, the sawn timber export from Russia dropped to an 8-year low; North American companies continue to cut sawn timber production; the Government of Russia allowed transportation of roundwood and sawn timber to EAEU countries; in 2022, the Russian export of timber products reduced by two times and railway transportation, by 22%; over 25 billion rubles’ worth of transportation costs of industrial products export will be subsidized in 2023

Russian Timber Journal 01-2023: Valeriy Sergeevich Sukhanov, D. Eng., Honored Worker of the Russian Forest Industry: “The Russian timber industry has degraded”; in 2022, the export of sawn timber from Russia dropped by 22% YoY, down to 23.5 million...

Russian Timber Journal 02-2022: interview with Jean-Francois Guilbert, Managing Director of FrenchTimber; survey of WhatWood clients on 2021 performance and prospects for 2022; how anti-Russian sanctions will affect the Russian timber industry; Government of the Russian Federation articulated support measures for the timber industry; ULK Group suspends construction of Pinezhsky LPK; some foreign timber companies suspend their activities in Russia

Russian Timber Journal 02-2022: Jean-Francois Guilbert, Managing Director of FrenchTimber: “Sawn timber prices have been stable for 20 years so they’re catching up now”; WhatWood surveyed its clients — actors in the Russian timber industry market – in order...

Russian Timber Journal 11-2021: Interview with Metin Mete, General Manager at HAYAT Russia; U.S. has decided to almost double the duties on Canadian softwood lumber; U.S. homebuilding surged to an eight-month high in November 2021; Government of the Russian Federation approved the purchase of 75% of RFP Group by a Japanese investor; Russian Railways reports a significant reduction of timber cargo export from Russia in December

Russian Timber Journal 11-2021: Metin Mete, General Manager at HAYAT Russia: “The whole market of paper tissue products is growing by an average of 5% a year”; U.S. has decided to almost double the duties on Canadian softwood lumber...

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...

Russian Timber Journal 11-2020: projected construction of a timber industry complex on the Sakhalin island, Russia, will have the capacity to process over 1.2 million m³ of raw material per year; a significant rise in prices for particleboards is being observed in Russia; interview with Yury Shishkunov, Head of LesoTorgovaya Companiya LLC; Russian sawn timber exports to Japan in 2020, results and outlook

Russian Timber Journal 11-2020: by the directive of the Sakhalin regional government, it is planned to construct one of the largest wood processing centers in all of Russia; Russian retail prices for particleboards began to rise; Yury Shishkunov: “If...

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

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

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

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...

Global Trends Review, July 15-21, 2013: sawmillers and pulp makers predict volatile but better market environment in the second half-year

In the construction sector, seasonally adjusted production fell by 0.3% in the Eurozone and by 0.2% in the whole European Union area in May 2013, compared with the previous month, according to first estimates released by Eurostat. With...