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May 11, 2020

Sveza foresees complete stoppage of production in the worst-case scenario of pandemic

The Russian birch plywood producer Sveza said that it expected a reduction in production in 2020: from 20% to a complete stop, depending on the evolution of the pandemic.   According to the Anatoly Frishman, managing director of Sveza, the company conducted stress tests for different scenarios in a pandemic.  For each of these scenarios, Svez developed measures to reduce costs, redistribute production volumes and protect production.  Anatoly Frishman emphasized: “In principle, there have already been situations in the history of Sveza when production stopped for a short time due to a lack of raw ...

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