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 [...]
July 3, 2022
Companies & Industry Events / Latest Trends / ...Forestry / Sawmilling / Asia & Middle East / Russia
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 [...]
July 1, 2022
Latest Trends / Market Analysis / ...Wood Energy / Russia
Russian sawmills hit hard by sanctions
Already in May 2022, Russian sawmilling companies were able to largely feel the impact of sanctions [...]
June 24, 2022
Latest Trends / Market Analysis / ...Forestry / Sawmilling / Europe / Russia
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 [...]
June 22, 2022
Latest Trends / Market Analysis / ...Wood-based Panels / Russia
IKEA to sell its four plants in Russia
The Swedish retailer IKEA plans to sell its plants in Russia. The [...]
June 21, 2022
Companies & Industry Events / Latest Trends / ...Wood Furniture / Europe / Russia
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 [...]
June 20, 2022
Latest Trends / Market Analysis / ...Forestry / Sawmilling / Europe / Russia
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 [...]
June 16, 2022
Latest Trends / Market Analysis / ...Market Prices / Industry Prices / Wood Energy / Europe / Russia
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 [...]
June 10, 2022
Companies & Industry Events / Latest Trends / ...Market Analysis / Market Prices / Forestry / Industry Prices / Sawmilling / Wood-based Panels / Europe / Russia
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 [...]
June 10, 2022
Companies & Industry Events / Latest Trends / ...Forestry / Woodworking Machinery / Europe / Russia
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 [...]
June 8, 2022
Companies & Industry Events / Latest Trends / ...Market Analysis / Market Prices / Forestry / Pulp & Paper / Sawmilling / Wood-based Panels / Europe / Russia