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Stora Enso divests its three packaging plants in Russia

18 May 2022
Stora Enso has divested its three corrugated packaging plants in Russia. The company’s Lukhovitsy, Arzamas and Balabanovo packaging plants have been divested to local management. Source: Timberbiz Stora Enso’s assessment is that due to the uncertainties in the Russian market, local ow
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Finland’s design awards recognise Ponsse’s Future Cabin

16 May 2022
One of the most significant design awards in Finland was given to the Ponsse Scorpion’s Future Cabin. In addition to Ponsse, Fennia Prize recognitions were given to Posti Group Corporation, Nokian Heavy Tyres Ltd and Myssyfarmi Oy. Source: Timberbiz In the design of Future Cabin, the
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Russian timber bans put pressure on Japanese timber industries

16 May 2022
The global lumber industry has experienced turbulent times over the past year or so due to lumber shortages, which in turn has caused lumber prices to skyrocket. Russia’s war with Ukraine now poses a new challenge to the industry, as the world economy may have to be without Russia, a
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US-based Sylvamo Corporation will exit Russia

16 May 2022
Sylvamo owns the Svetogorsk Pulp and Paper Mill in Leningrad region, Russia. The Svetogorsk mill employs more than 1700 people and produces printing papers, liquid packaging board and innovative BCTMP. Source: Lesprom The plant is also the main supplier of water and electricity for th
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Wood product imports from Russian Federation

16 May 2022
March 2022 saw imports to Australia of wood products from the Russian Federation valued at $10.4 million on a free-on-board basis. Source: IndustryEdge The majority of the value – $6.883 million – was for ‘Builders Joinery’. IndustryEdge’s detailed analysis shows almost all of those i
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Siemens to exit Russia after almost 170 years

13 May 2022
Siemens will exit the Russian market as a result of the Ukraine war. The company has started proceedings to wind down its industrial operations and all industrial business activities. The financial impact of this decision will be reported as part of the regular disclosure on the secon
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Intelligent addition to the John Deere range

13 May 2022
John Deere’s latest operator assistance control feature, Intelligent Boom Control (IBC), for the 900 MH-Series Tracked Harvester has been released. The development of this model is a result of global collaboration between the John Deere Wheeled Cut-to-Length and Full-Tree Forest
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UN World Forestry Congress confirms timber’s crucial role for climate

13 May 2022
The United Nations’ World Forestry Congress has confirmed sustainable timber production is crucial to achieving the international climate and environmental goals needed this century. Source: Timberbiz The recent World Forestry Congress Ministerial Call on Sustainable Wood confirmed th
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Midway sells blue gum plantation to overseas investors

13 May 2022
Midway Limited, a forestry owner, processor, and wood fibre exporter based in Geelong, Victoria has announced the sale of 17,000 ha blue gum plantations in south-west Victoria to overseas investors MEAG for $154.1 million. Source: Timberbiz In addition to purchasing the existing Midwa
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The State of Canada’s Forest report released

11 May 2022
Natural Resources Canada (NRCan) has released its annual report, The State of Canada’s Forests, the theme of which is Canada’s forests provide solutions to a changing world. Source: Timberbiz In his opening message, the Honorable Jonathan Wilkinson, Minister of Natural Resources, expl
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