Segezha Group is reducing the workforce at the Novoeniseysky Wood-Chemical Complex in Lesosibirsk, Krasnoyarsk Krai, affecting 350 out of 1,000 employees. The decision, aimed at cost optimization, has drawn attention from the Krasnoyarsk Krai Prosecutor’s Office, which reported that Deputy Prosecutor Pavel Andreev held an on-site meeting with workers.
Novoeniseysky is one of three city-forming enterprises in Lesosibirsk and ranks second in the region’s forest industry after Lesosibirsk LDK No. 1, also owned by Segezha Group. Both plants historically focused on exports, and the loss of European markets has dealt a significant blow to operations.
Since 2022, the forest sector in Krasnoyarsk Krai has faced a structural crisis. The closure of high-margin markets sharply reduced revenue. Attempts to redirect exports to Asia have faced challenges, including price pressure from Chinese buyers and severe congestion on the Russian Railways’ Eastern route. Rising logistics costs and transport delays continue to erode profitability, as reported by Russian site Dela.
Segezha Group’s financial results for the first half of 2025 reflect this pressure. Revenue fell by 8% year-on-year to 44.8 billion rubles ($512 million), while adjusted OIBDA dropped 54% to 2.6 billion rubles ($30 million). The group reported an adjusted net loss of 15.9 billion rubles ($182 million), up 68% from the same period last year.
Lumber sales declined by 6% to 1.0 million m3, with China accounting for 78% of the total volume. Sales of birch plywood fell by 7% to 84 thousand m3. Sales of fuel pellets and briquettes rose 2.1 times to 101 thousand tons, driven by higher demand in Southeast Asia and domestic markets.
