May 05, 2016. /Lesprom Network/. Existing Siberian mills gain stability and some increase production due to devaluation, however there is a lack of logs to build new production facilities and instead debt has to be paid, said Martin Hermansson, president of RFI Consortium during 6th Global Softwood Log and Lumber Conference in Vancouver, Canada. According to Martin Hermansson, Siberian mills have a high debt/sales ratio. Siberian mills partly saved by devaluation but logs prices interconnected with China in USD.
Siberian mills partly saved by devaluation but logs prices interconnected with China in USD.
