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July 27, 2020
Forecast: Russian timber industry could contract by 30%
The Russian construction industry may contract by almost 50% in 2021 and its revival will take at least two years. Consequently, production in the Russian timber industry may drop by 30%. This calculation was presented by Metafrax Group that owns Metadynea, a synthetic resins manufacturer, in its assessment of the negative scenario in case of slow suppression of the pandemic. In the best-case scenario, the construction industry may shrink by 16% next year, while the timber industry will begin its gradual recovery. According to company’s calculations ...
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