Family-owned company founded in 1954 cites wood supply challenges and foreign competition.
दिवालियापन
Tropical Storm Arthur damage and the 56-year-old facility make repairs uneconomic; officials will meet employees about transfers and the mill will stop after remaining inventory is processed.
Government weighs rent freeze through 2028 and bankruptcy moratorium for forest-sector firms.
Industry groups seek a three-year bankruptcy moratorium as losses top 15 billion rubles.
Open unemployment among construction workers rises to nearly 16,200, while 175 construction firms file for bankruptcy.
Leader of Russia’s largest forest industry company warns of a coming wave of bankruptcies.
Consolidation move follows September 2025 exit from hardwood plywood, affects approximately 140 employees.
Compton, California and Louisville, Kentucky, facilities to cease operations by January 2026 as company shifts customer service to nearby sites.
152 jobs affected.