ULK Group

Russia’s largest sawmilling company faces bankruptcy threat due to sanctions Sanctions derailed the company’s investment and export strategy.

Russia won't be able to consume entire volume of wood pellets country produces The Russian government intends to allocate 20 billion rubles in 2023-2024 to convert municipal boilers from fossil fuels to wood pellets, but these funds will not be enough.

Largest sawmill company in Northwest of Russia to stop all wood pellet plants After the imposition of EU sanctions, the company was left without markets for wood pellets. The company fired about 1.5 thousand out of 5.4 thousand employees.

Microtec to deliver three Finscan scanners to ULK Group’s Pinega sawmill in Russia Microtec (formerly FinScan) to deliver three Finscan sorting systems for dry sorting departments at ULK’s new Pinega sawmill to be constructed in the Arkhangelsk region, Russia. The Pinega sawmill is expected to begin operations in 2023 and manufacture sawn softwood and pellets.