Plants
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Western forestry companies sold 13 plants in Russia since beginning of war in Ukraine
Western companies began to talk about the sale of their Russian assets, immediately opposing Russia's invasion of Ukraine. The exodus from Russia was associated not only with political, but also with economic reasons. As a result of the sanctions, Russian factories that supplied products to Western markets found themselves without sales. And increased freight rates due to the cessation of work with Russian cargo by the largest container companies have sharply increased the cost of deliveries to Asia, the main export market for Russian sawmills and pulp companies. The withdrawal of foreign companies from Russia in 2022 may lead to a shortage of certain timber products, which will gradually be covered by Russian-made products. However, the quality of products will be lower due to the cessation of supplies of Western consumables and components. Among the exiting woodworking... Continue reading
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January 22, 2023
Western forestry companies sold 13 plants in Russia since beginning of war in Ukraine
Western companies began to talk about the sale of their Russian assets, immediately opposing Russia's invasion of Ukraine. The exodus from Russia was associated not only with political, but also with economic reasons. As a result of the sanctions, Russian factories that supplied products to Western markets found themselves without sales. And increased freight rates due to the cessation of work with Russian cargo by the largest container companies have sharply increased the cost of deliveries to Asia, the main export market for Russian sawmills and pulp companies. The withdrawal of foreign companies from Russia in 2022 may lead to a shortage of certain timber products, which will gradually be covered by Russian-made products. However, the quality of products will be lower due to the cessation of supplies of Western consumables and components. Among the exiting woodworking... Continue reading
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January 22, 2023
Western forestry companies sold 13 plants in Russia since beginning of war in Ukraine
Western companies began to talk about the sale of their Russian assets, immediately opposing Russia's invasion of Ukraine. The exodus from Russia was associated not only with political, but also with economic reasons. As a result of the sanctions, Russian factories that supplied products to Western markets found themselves without sales. And increased freight rates due to the cessation of work with Russian cargo by the largest container companies have sharply increased the cost of deliveries to Asia, the main export market for Russian sawmills and pulp companies. The withdrawal of foreign companies from Russia in 2022 may lead to a shortage of certain timber products, which will gradually be covered by Russian-made products. However, the quality of products will be lower due to the cessation of supplies of Western consumables and components. Among the exiting woodworking... Continue reading
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February 6, 2020
India: Particleboard capacity expected to rise in 2020
Due to a perceived increase in availability of raw wood materials from local sawmills, the Indian state of Gujarat is expected to build more particleboard plants this year. Gujarat is a pioneer in particleboard manufacturing and holds major market share in the country.... Continue reading
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January 22, 2023
Western forestry companies sold 13 plants in Russia since beginning of war in Ukraine
Western companies began to talk about the sale of their Russian assets, immediately opposing Russia's invasion of Ukraine. The exodus from Russia was associated not only with political, but also with economic reasons. As a result of the sanctions, Russian factories that supplied products to Western markets found themselves without sales. And increased freight rates due to the cessation of work with Russian cargo by the largest container companies have sharply increased the cost of deliveries to Asia, the main export market for Russian sawmills and pulp companies. The withdrawal of foreign companies from Russia in 2022 may lead to a shortage of certain timber products, which will gradually be covered by Russian-made products. However, the quality of products will be lower due to the cessation of supplies of Western consumables and components. Among the exiting woodworking... Continue reading
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November 27, 2019
59 Chinese wood and furniture business to relocate factories to Indonesia
59 Chinese investors engaged in the wood and furniture business will relocate factories to Indonesia. The investors plan to relocate their industry to Central Java. The Chinese investors decided to relocate their industry because of Indonesia's ability to maintain its investment climate, the Investment Coordinating Board (BKPM) BKPM chief Bahlil Lahadalia said. Another reason is the simple process of licensing in Central Java, which Bahlil said is one of Indonesia's provinces with the best licensing system and service. Central Java won the 2018 Investment Award as the best in providing one-stop services throughout the nation. Bahlil requested that BKPM and the Central Java Government continue to collaborate in pushing furniture investments in the province. "BKPM has brought together furniture entrepreneurs from overseas with local furniture industry players. We hope they will... Continue reading
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January 30, 2019
Arauco to acquire only two Masisa plants in Mexico, instead of three
An USD 160 million acquisition agreement of two industrial plants in Mexico was established by Arauco to Masisa, following the modification of the contract signed in December 2017. This changes the information reported by Arauco at the end of 2017, regarding the acquisition agreement for USD 245 million, through its subsidiaries Inversiones Arauco Internacional and AraucoMex. With the modification, Masisa decided to maintain the ownership of an industrial plant located in Chihuahua, maintaining itself as an important player in the Mexican market. The operation will be finalized after approval by the Mexican authorities. The deal will position Arauco as the second largest manufacturer of wood panels worldwide, with an estimated 10 million m3 of capacity per year. The transaction is part of the divestment process of Masisa's industrial assets in Argentina, Brazil and Mexico,... Continue reading
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March 12, 2020
Dieffenbacher delivers wood-based panel plants to North Africa
In El Tarf, Algeria, assembly is underway on the first continuous wood-based panel plant in North Africa. BIGSTAR subsidiary Panneaux d’Algérie commissioned Dieffenbacher to supply the complete MDF plant. The first board will be produced in August 2020.The complete plant project includes all subsections, ranging from the wood yard through the CPS+ continuous press to the short-cycle laminating line for coating finished boards. Designed for smaller capacities, the plant concept will take advantage of the flexibility of the CPS+ system. Dieffenbacher’s flagship press can be an entry-level system for newcomers to the wood-based panel market and an economical alternative for easily replacing older single- or multi-opening presses in existing small-capacity plants.Guelai Mohamed Chiheb, CEO at BIGSTAR, is pleased with the project’s progress. “The collaboration with... Continue reading
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January 22, 2023
Western forestry companies sold 13 plants in Russia since beginning of war in Ukraine
Western companies began to talk about the sale of their Russian assets, immediately opposing Russia's invasion of Ukraine. The exodus from Russia was associated not only with political, but also with economic reasons. As a result of the sanctions, Russian factories that supplied products to Western markets found themselves without sales. And increased freight rates due to the cessation of work with Russian cargo by the largest container companies have sharply increased the cost of deliveries to Asia, the main export market for Russian sawmills and pulp companies. The withdrawal of foreign companies from Russia in 2022 may lead to a shortage of certain timber products, which will gradually be covered by Russian-made products. However, the quality of products will be lower due to the cessation of supplies of Western consumables and components. Among the exiting woodworking... Continue reading