Like everyone around the UK, BSW Group is continually watching the ongoing developments in Ukraine, with a concern for their people and hope for peace as soon as possible.
BSW Group member businesses, BSW Timber Solutions and Bayram Timber, purchase raw material from Russia, and it has been our priority to respond to this situation as it unfolds. We have made the immediate decision to stop purchasing any raw material which originates from Russia.
We have in place an industry-leading due diligence process which assesses new suppliers, assuring our customers that we are always mitigating against environmental, social, and legal risks to our supply chain.
Material originating from Russia accounts for less than 1% of the total amount of raw material coming into the UK operations of BSW Timber Solutions and Bayram Timber. Now that we are part of Binderholz, the largest sawmilling and wood processing company in Europe, we are able to cover this volume from our own internal supply.
Over the coming months we believe there will be a shift in the supply and demand balance, with significant additional demand for supply of products originating from the UK, Finland, Sweden, and Central Europe.
Along with Binderholz and our trusted third-party partners, we will continue to support our valued customers in the UK during any periods of restricted supply.