UPM to close and sell Pestovo mill site in Novgorod region
Novgorod, January 14. UPM announces a production curtailment at its Pestovo sawmill in Novgorod region and begins negotiations with employees. The negotiations will affect all of the approximately 180...
View ArticleEnterprises of global forest industry leaders in Russia
In this new piece of visual graphics we tell about production capacities of global forest industry leaders in Russia. A detailed article on the matter is available in the recent issue of our WhatWood...
View ArticleUPM: Plywood market in 2012 was tough on strong competition from Latin...
Helsinki, April 10. Sales of UPM in 2012 reached €10.44 billion, which is 4% higher on-year. However, operating profit of the company declined by 22% to €530 million, as reported in the annual report...
View ArticleGlobal Trends Review, April 08-14, 2013: Housing market drives capacity changes
Since April 15, 2013, WhatWood launches English version of Global Trends Review, as announced earlier. Sawlog prices in Europe were generally lower in 2012 than in 2011 because of lower log demand from...
View ArticleGlobal Trends Review, April 29 – May 05, 2013: Canadian quarterly reports:...
Major Canadian and North-West U.S. companies posted first-quarter results last week. Mercer International Inc., operating in Canada and Germany, reported net loss of €0.4 million compared to net income...
View ArticleGlobal Trends Review, June 10-16, 2013: lumber outlook, pellet and chip...
The 35,000 members of the European Organisation of the Sawmill Industry (EOS) produced 75.7 million m3 of softwood lumber in 2012 – 4.5% less than the year before, Holzkurier reported. A challenging...
View ArticleGlobal Trends Review, July 15-21, 2013: sawmillers and pulp makers predict...
In the construction sector, seasonally adjusted production fell by 0.3% in the Eurozone and by 0.2% in the whole European Union area in May 2013, compared with the previous month, according to first...
View ArticleUPM sells Pestovo sawmill in Russia to Lesnaya Innovacionnaya Kompanya LLC
UPM has signed an agreement on the sale of Pestovo sawmill with Lesnaya Innovacionnaya Kompanya (LIK) LLC, as the Finnish company said in a press release. The parties have agreed not to disclose the...
View ArticleUPM: Major benefit of Russia’s accession to WTO will be in softened customs...
On the pages of corporate Griffin journal, top managers of UPM expressed their outlook on possible results of Russia’s WTO accession for the company. Pekka Rajala, VP, Sourcing Director North Europe,...
View ArticleGlobal Trends Review, August 05-11, 2013: Overcapacity hinders wood-based...
Austrian company Egger has published its outlook on the industry quoted by Holzkurier. According to Dr. Thomas Leissing, Head of Finance, Administration and Logistics, there is worldwide growth except...
View ArticleGlobal Trends Review, August 12-18, 2013: Further wood processing companies...
Competition in the further processed products has been intense recently. European producers of laminated flooring (EPLF) association expressed concern about competition from Chinese manufacturers in...
View ArticleGlobal Trends Review, September 09-15, 2013: bio-CHP industry spreading over...
Fortum company opened a new combined heat and power (CHP) plant in the Latvian city of Jelgava. The new power plant uses biomass as fuel and will provide district heating to the residents and...
View ArticleLIK re-launched former UPM’s sawmill in Pestovo
Lesnaya Innovacionnaya Kompaniya (LIK, Forest innovative company) re-launched production of sawn timber at the former factory of UPM in Pestovo, Novgorod region. The company intends to invest RUR 1.2...
View ArticleGlobal Trends Review, October 21-27, 2013: Softwood lumber industry forecast...
At the International Softwood Conference held from 14 to 18 October in Edinburgh, Scotland, the European Forest Institute (EFI) presented a forecast, according to which in 2014 softwood lumber output...
View ArticleGlobal Trends Review, October 28 – November 03, 2013: lumber market...
Scandinavian woodworking companies report improving market conditions, higher selling prices and lower raw material costs. Their North American colleagues also publish very positive results, despite...
View ArticleGlobal Trends Review, November 04-10, 2013: panel capacities return to...
Pollmeier is expected to start up its new beech LVL factory in Germany in February 2014. The launch of sales is scheduled for March, says Holzkurier journal quoting company CEO Ralf Pollmeier. Major...
View ArticleGlobal Trends Review, February 10-23, 2014: EU timber consumption slowly...
Consumption of softwood lumber in Europe is slowly increasing from a very low level, according to Fordaq which quotes study by International Forest Industries (IFI) published at woodnet.se. The sharp...
View ArticleGlobal Trends Review, February 24 – March 09, 2014: China boosts investments...
Chinese timber enterprises are rapidly increasing foreign investments. Around $1.3 billion has been already allocated in some 20 countries, mainly for logging and primary processing, but with growing...
View ArticleGlobal Trends Review, April 21 – May 04, 2014: Nordic sawmillers report...
Scandinavian sawn timber producers report a good start of 2014 due to improved market demand and better prices on major markets, TTJ said. Moelven’s pre-tax profits in Q1 2014 were NOK 32.9 million (€4...
View ArticleGlobal Trends Review, November 03-16, 2014: Finnish sawmills scale down...
Due to the oversaturated lumber market, several Finnish sawmills reduce their outputs, Holzkurier wrote. Metsä Wood, Versowood, Stora Enso and Vapo Timber prepare prolonged winter vacation, temporary...
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