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October 1, 2020

Top Russian timber industry companies in 2019

Top Russian timber industry companies in 2019
Based on the results of 2018, the combined revenue of the Top 100 Russian timber companies skyrocketed to the highest level in Russia's contemporary history. The main reasons were high prices for timber products in global markets that sustained over most of 2018, and weakening of the ruble compared to the US dollar. In the end of 2018, the global economic cycle changed and the prices for commodities, including timber industry products, dropped.    During 2019, global markets, including the timber industry market, were under pressure created by the tensions between the two largest economies - the ...

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