{"id":87578,"date":"2024-05-15T08:55:41","date_gmt":"2024-05-15T08:55:41","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/upm-complains-of-market-fluctuations-due-to-russian-birch-plywood-illegally-entering-europe\/"},"modified":"2025-09-19T09:02:01","modified_gmt":"2025-09-19T09:02:01","slug":"upm-complains-of-market-fluctuations-due-to-russian-birch-plywood-illegally-entering-europe","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/upm-complains-of-market-fluctuations-due-to-russian-birch-plywood-illegally-entering-europe\/","title":{"rendered":"UPM complains of market fluctuations due to Russian birch plywood illegally entering Europe"},"content":{"rendered":"

In the first quarter of 2024, the plywood market saw notable shifts in demand patterns<\/span>, UPM reports. Specifically, there was a positive trend in the demand for spruce plywood and veneer, indicating potential market growth. Additionally, birch plywood experienced increased demand, particularly in panel trading, albeit with delivery challenges due to seasonal factors. However, the market faced hurdles with the infiltration of illegal Russian plywood into Europe, impacting the European birch plywood balance.<\/p>\n

Operationally, UPM Plywood Division underwent adjustments to align production capacity with demand fluctuations. Temporary layoffs were implemented across all mills, reflecting a proactive approach to maintain operational efficiency. Concurrently, improved demand in panel trading led to the cessation of destocking activities, indicating a stabilization in market dynamics.<\/p>\n

On the investment front, UPM Pellos Energy successfully completed its wastewater treatment plant investment, showcasing the company's commitment to sustainability and environmental stewardship.<\/p>\n

Regulatory developments also influenced market dynamics, with the European Commission unveiling findings from its anti-circumvention investigation into illegal imports of Russian birch plywood. This investigation confirmed the illegal influx of Russian wood products into Europe via Kazakhstan and Turkey, highlighting the need for robust regulatory measures to safeguard market integrity.<\/p>\n

Turning to financial performance, UPM Plywood Division saw a decrease in comparable EBIT compared to Q1 2023. This decline was attributed to lower sales prices, a change in product mix, and reduced delivery volumes. However, variable and fixed costs also decreased during this period, indicating a concerted effort to optimize operational efficiency.<\/p>\n

In contrast, Q1 2024 witnessed an increase in comparable EBIT compared to Q4 2023, driven by higher delivery volumes and reduced variable and fixed costs. Despite lower sales prices, the division managed to maintain profitability, reflecting resilience in navigating market challenges.<\/p>\n

UPM Plywood division results<\/strong><\/p>\n

\"\"<\/a><\/p>","protected":false},"excerpt":{"rendered":"

In the first quarter of 2024, the plywood market saw notable shifts in demand patterns, UPM reports. Specifically, there was a positive trend in the demand for spruce plywood and veneer, indicating potential market growth. 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