With the approval of the Russian authorities, Kiilto has now been able to sell all its Russian subsidiaries. After a transition period, Kiilto brands will no longer be sold in the Russian market. Kiilto began to look for a legally appropriate way to exit the Russian market in March 2022. In July 2022, Kiilto and […]
Tag Archives: European exports to Russia
12
Feb
Feb
In December 2022, the exports of lumber from Sweden to the U.S. surged 105% year-on-year to 132.8 thousand m3. the average price for lumber exported from Sweden to the U.S. in December 2022 slid 4% compared to the previous month and amounted to $355 per m3. This is 7% less than a year ago when it […]
25
Jan
Jan
International Paper today announced that it has entered into an agreement to sell its 50% interest in Ilim SA, the holding company for its Ilim joint venture (JV), to its JV partners for US$484 million equity value. The sale is subject to regulatory approvals in Russia. This transaction indicates ~$3.5 billion in total enterprise value […]
31
Dec
Dec
In January – November, Russia decreased plywood production by 28% y-o-y to 3.0 million m3. According to Rosstat, production of plywood in November fell 38%. Russian companies continue to export plywood to the U.S. despite high duties and low prices. In October, Russian producers exported 52 thousand m3 of plywood to the U.S., which is […]
30
Dec
Dec
The Government of Russia has extended protective duties on rough-sawn lumber for three years until December 31, 2025, Interfax reported with reference to the Deputy Prime Minister Victoria Abramchenko. The increased rates apply to the exports of lumber with a moisture content of more than 22%, a thickness and a width of more than 10 cm. Export […]
News
Ilim Group completes successful test run of kraft linerboard machine at Ust-Ilimsk mill in Russia
29
Dec
Dec
Ilim Group has successfully completed the first water run of the XcelLine kraft linerboard machine (KLB machine) – the key equipment of the company’s new KLB Mill in Ust-Ilimsk, Russia. A start-up of the KLB machine is scheduled for Q2 2023. Individual tests of its main equipment are underway. In December, the KLB Mill facilities were […]
29
Dec
Dec
this should not come as a big surprise after our previous report on the condition of russian pellet export , now ULK Group, the largest sawmill company in the Northwest of Russia, will stop all of its pellet production facilities due to lack of sales. The company has already completely stopped the pellet plant in […]
News
Russia cannot compensate for stop of exporting wood pellets to Europe with deliveries to other markets
28
Dec
Dec
Since July, after the start of the EU sanctions, South Korea became the only export destination for Russian producers of wooden pellets. However, the volume of pellets sent to this country cannot compensate for the reduction in supplies to Europe. In November 2022, Russia tripled exports of fuel pellets to South Korea to 65 thousand […]
News
Finnish and American paper packaging manufacturers eye acquisition of EU factories of Russian Segezha Group
17
Dec
Dec
A number of Finnish and American paper packaging manufacturers are interested in the acquisition of European assets of the Russian timber and paper holding Segezha Group That has been recently confirmed by company’s president Mikhail Shamolin. According to the top manager, several offers have already been received from potential buyers and the holding is considering […]
10
Dec
Dec
Sanctions on the import of birch and other wood raw materials from Russia led to an increase in the price of paper in the majority of EU countries, however, at present, the such negative effect is being reduced to a minimum, according to recent statements, made by some leading EU analysts in the field of […]
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