Plywood output falls 23% as ruble appreciation, 25% tax rate, and 28% mortgage interest weaken export and housing markets.
Russian invasion of Ukraine
Furniture demand drives OSB and particleboard growth while exports fall and investment remains weak.
The domestic market now accounts for 50% of all company's biofuel sales.
Sanctions derailed the company’s investment and export strategy.
One of the last senior Western executives in Russia steps down after 11 years as CEO.
20 trucks of Russian birch plywood cross EU borders daily, investigation finds.
Facing sanctions and struggling to capture demand in limited markets, Russian plywood producers now face a new threat: Chinese companies are building plywood plants in Russia.
From the start of the investigation, all Chinese plywood imports will be registered at EU borders to ensure that any future tariffs can be applied retroactively.
The new study represents the first nationwide forest resource inventory conducted during the war.
They aim to increase annual exports of timber products to India to 50 million m3.
The news of the SPO sent shockwaves through the market, causing Segezha’s shares to plunge by 20% during trading on the Moscow Exchange.
Ukraine's shipments surged by 35%.
Some wood product markets, such as wood panels, paper and cardboard, may not fully recover.
This move comes as Russian plywood exports have plummeted due to sanctions imposed by the European Union and the United States.
Leroy Merlin currently operates 112 stores, 11 dark stores, and six distribution centers in the country.
Scientists aim to stop sanctioned Russian timber from entering Europe by mapping trees' chemical fingerprints. This method could help companies like IKEA avoid using illegal timber.
After the EU closed its markets for Russian wood products, South Korea became virtually the only destination for pellet exports from Russia.
The revenue decline was primarily due to lower sales volumes.
Market strategies have undergone significant changes due to the sanctions. The mill lost its European market for containerboard, which previously accounted for two-thirds of this product's sales.
Deal concludes with transfer of four companies