West Fraser cuts production of softwood lumber and plywood

The sawn-softwood and wood-based panel manufacturer Koskisen Oy of Järvelä, Finland, is preparing to go public. This was reported by the company on 11 November 2022. The initial public offering (IPO) involves 4.781m new shares. Including the option for the consortium leader Nordea Bank Abp of Helsinki, the new shares...

Segezha Group of Moscow, Russia, closed the first half-year of 2022 with significantly better key performance figures. According to the as yet unaudited business report published on 26 August, EBITDA was 34% higher than last year at RUB17.7bn (roughly equivalent to €295). The group had recorded EBITDA of RUB13.2 for...

In the first quarter of 2022, the forestry management & woodworking business division within Russia’s Segezha Group (Moscow) increased its sales of rough-sawn softwood lumber by 160% to 590,000 m³ (Jan.-March 2021: 227,000 m³). The increase is mainly the result of the integration of timber industry company Inter Forest...