Keyword: Russia

Acquisition of Russia’s RFP Group by Japanese holding unclear

Iida Group Holdings acquired a 75% stake in Russian lumber producer RFP Group for 60 billion yen ($525 million) at [...]

Russia reduces production of wood pellets by 10% due to lack of export markets

At the end of 2021, about 2.5 million tons of wood fuel pellets were produced in Russia. However, in [...]

Russian sawmills hit hard by sanctions

    Already in May 2022, Russian sawmilling companies were able to largely feel the impact of sanctions [...]

Plywood plants of Russian Sveza work at 20-40% of capacity

Aleksey Mordashov, head of the board of directors of Severstal, which also owns the leading Russian birch plywood producer Sveza [...]

IKEA to sell its four plants in Russia

    The Swedish retailer IKEA plans to sell its plants in Russia.    The [...]

Russian timber industry is looking for ways to export through Belarus and Turkey

Russian lumber companies, forced to halt exports to the EU due to sanctions, doubled supplies to China and Kazakhstan in [...]

No sales market for Russian pellet exporters starting July

From July 10, the Russian wood pellet exports to Europe, the main market for Russian companies, will be completely stopped [...]

Some sawmills in Russia expected to curtail production from July

The decline in export volumes due to EU sanctions against the backdrop of rising transportation tariffs and a stronger ruble [...]

Ponsse to adjust operations: “Russian market too big to replace”

Finnish forest machine manufacturer Ponsse will start personnel negotiations next week.    The negotiations will focus on [...]

Negative sentiment remains among Russian timber market participants

On the Russian timber market, predominantly negative sentiment remains among market participants, which is reflected in weak business activity and [...]