Search Results for: russia

Finnish wood supplier, the Ruukki Group, will continue with attempts to establish a business base in Russia after following the rejection of its previous proposal was rejected, according to Bloomberg report. “If we’re not able to finalise the overall agreements and priority-investor status by the end of this year, I’ll be very disappointed,” CEO Matti[…]

Swedish drying kiln and equipment supplier, WSAB, has received a large order from Sib Export Group in Russia including two progressive kilns and seven compartment kilns. The deal is a part of the largest sawmill investment program in Russia where $100 million is being poured into a green-field sawmill close to Irkutsk in Siberia. The[…]

Swedish drying kiln and equipment supplier, WSAB, has received a large order from Sib Export Group in Russia including two progressive kilns and seven compartment kilns. The deal is a part of the largest sawmill investment program in Russia where $100 million is being poured into a green-field sawmill close to Irkutsk in Siberia. The[…]

MOSCOW  – Deere & Company officially opened its new manufacturing and parts distribution facility south of Moscow today in Domodedovo. The John Deere Domodedovo facility is the company’s largest single investment to date in Russia. The facility will manufacture agricultural, construction and forestry machinery as well as distribute service parts in the region. “Russia has[…]

Karelia forests – Since late 2022, Segezha Group, a subsidiary of Russian AFK Sistema, has engaged in large-scale logging operations near Lake Maksimyärvi in Karelia, an area proposed for reserve status. Over one year, the company has cleared 1,700 hectares of old-growth forests with trees ranging from 150 to over 300 years old. These forests[…]

In the May Business Cycle Barometer of the Confederation of Finnish Industries EK, the business outlook for the sawmill industry and sales price expectations are in steep decline, and the order backlog compared to normal is well below zero, writes Tino Aalto, CEO of the Finnish Sawmill Industries Federation. Companies in the sawmill industry have[…]

The September 2023 quarter edition of the Forest Sector Outlook was released in October 2023 by the Global Consulting Alliance. This report continues to highlight the impact of the ongoing Russia/Ukraine war on the global forest sector. It also considers the impact of rising interest rates and the slowdown of global economic growth on global forest products trade. Key highlights[…]

The HS Timber Group has announced that it is selling HS Timber Productions Sebes SRL to the German Ziegler Group as part of a share sale. The purchase agreement was signed on April 14, 2023. The completion of the transaction is subject to customary regulatory approvals. The closing of the transaction is expected for the middle of the[…]

Stability and consistency have never really been ideals that our industry has conformed to, and this year is no different. Although the May at wharf gate (AWG) export prices are very similar to those offered in April (mid to high $120’s/m3 for A grade), the underlying variables that make up those prices are vastly different.[…]

Renewable energy company Drax Group is donating £280,000 to the Disasters Emergency Committee Ukraine Humanitarian Appeal to support relief efforts for the Ukrainian people following Russia’s invasion. The sum includes £30,000 of employee match funding from Drax’s employees based in the UK, US and Canada, maximising its collective impact to help those fleeing the conflict.[…]