Weyerhaeuser OSB turnover down by 39%

The turnover growth recorded for around eighteen months in the wood products business division of US-based Weyerhaeuser Co. (Seattle, Washington) did not continue in the second quarter of 2022. At US$2.341bn (April-June 2021: 2.629bn), division turnover was 11% short of the preceding year's figure. In the structural...

In late December, Russia extended the export duties on freshly cut lumber, in effect since January 2022, until 31 December 2025. According to a statement published by deputy prime minister Victoria Abramchenko on 29 December, prime minister Mikhail Mishustin has approved the relevant ordinance. Accordingly, duty of...

The decline in Russian softwood lumber production recorded during previous months continued unabated in November 2022. According to Rosstat, at 1.738m m (Nov. 2021: 2.034m m), production was 14.5% short of the previous year's figure. A further decrease was also recorded compared to the volume reported for October...