Companies in the timber industry / Daily News / Global Trends / Market Analysis / Wood Products / Wood-based panels / Global / Russia
June 20, 2022
Plywood plants of Russian Sveza work at 20-40% of capacity
Aleksey Mordashov, head of the board of directors of Severstal, which also owns the leading Russian birch plywood producer Sveza, said that the volume of production in its plywood business and in steel has dipped sharply. He made such a statement at the St. Petersburg International Economic Forum in Russia. “We exported 80% of our products. We have to send people on layoffs with two-thirds [of their salary]. The prosecutor's office has sent us 15 requests since the beginning of the year. The State Labor Inspectorate sent us a bunch of inspectors to check ...
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