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Keyword: Russia

Stora Enso completes exit from Russia

Finland's Stora Enso has divested the last of its Russian operations, three corrugated packaging plants, to local management, the [...]

Stora Enso’s CEO: Company’s plants will continue to be located in the Nordic region

The majority of Stora Enso's mills will continue to be located close to raw materials, ie in the Nordic [...]

Russian factories continue to produce IKEA’s furniture under their own brands

Once IKEA left Russia, the local furniture factories continued to produce IKEA’s furniture under their own brands.   [...]

Japan’s lumber industry under pressure due to ban on Russian wood

The global lumber industry has been through a tumultuous period over the past year or so due to wood shortages [...]

Mondi Group to sell its Russian assets

The board of Mondi Group announced its decision to divest the group’s Russian assets. According to the group, as [...]

Russian timber companies ask for state support due to sanctions

Russian business associations "Opora Rossii" and "Business Russia" sent a set of proposals to Deputy Prime Minister Victoria Abramchenko on [...]

Ponsse removes Russian orders for Euro 109 million from order book

The crisis in Ukraine has a significant impact on Ponsse’s operations and finances, company said in its 1Q 2022 [...]

Swedish sawmill industry is not much affected by the sanctions against Russia

    Competition for wood products becomes tougher when European buyers, who have previously imported from Russia, and [...]

Russian imported plywood will be ‘hard to replace,’ says US hardwoods group

As of April 8, the U.S. has suspended normal trade relations with Russia and Belarus, immediately raising tariffs on [...]