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July 6, 2018

Russian timber sector boosts production capacity

The Russian timber sector is in buoyant mood and increasing capacity, including in wood-based construction, after a robust performance in 2017. In 2017 Russia GDP grew 1.5%, successfully taking the country out of economic recession.  The woodworking industries were part of this success, contributing 1.9% to GDP, with the sawmill sector achieving 2.2% growth and its further expansion reflected in a 60.7% increase in production and processing equipment imports.  Sawlog production rose 4% to reach 79 million m3, while exports contracted 1.5% to 11 million m3, with the bulk going ...

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