zakaz@whatwood.ru | +7 985 939 85 52
130 clients in 15 countries within 7 years of timber market research
WhatWood Blog Forestry & Logging VLP Group: timber harvest in the Vologda Region dropped by a third in Q2 – Q3 2022

VLP Group: timber harvest in the Vologda Region dropped by a third in Q2 – Q3 2022

7 December 2022 ` 18:48  

The timber harvesting volume in the Vologda Region reduced by exactly one third in Q2 and Q3 2022 compared to the same period last year, as reported by Alexander Churkin, Chairman of the Board, Vologodskiye Lesopromyshlenniki (VLP) Group, at a press conference devoted to the company’s birthday.  The Group comments that the situation may exacerbate further, as harvesting can plummet by 50%, which will entail lower timber processing output and companies going bankrupt and laying off workers.

According to expert calculations by VLP Group, the tax revenue alone paid by timber enterprises to budgets at all levels in this region will reduce by 4 times next year, or by almost 5 billion rubles. Not all timber enterprises will survive 2023 without effective support measures.

Prev pageGovernment of the Russian Federation amended the procedure of identifying checkpoints for exporting certain types of timber Next pageThe American Thanksgiving holiday predictably dampened lumber market activity

What do you think?

You must be logged in to post a comment.