Leader of Russia’s largest forest industry company warns of a coming wave of bankruptcies.
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Imports of plywood to Egypt increased 6%.
Consolidation move follows September 2025 exit from hardwood plywood, affects approximately 140 employees.
Tropical sawnwood value surges 52% to $13 million, while pine plywood value drops 25% to $43 million.
Upgrade targets improved material flow and operational reliability for specialty product lines.
Chinese buyers push prices down as Russian exporters lack alternative markets.
Ordinary plywood shipments rise 15%.
The new WISA-LNG Spruce plywood, tested with Gaztransport & Technigaz, increases availability for LNG carrier construction and adds production at UPM Pellos Plywood Mills in Finland.
Brazil becomes the largest supplier with 38% share as imports from China drop 15%.
Pine plywood shipments fall 40% in value while tropical sawnwood gains 21%.
Commission sets 5.4% duty rate after investigation confirms dumped imports caused material injury to Union industry.
Exports of plywood from Brazil slipped 4%.
New Norupe facility will create 250 jobs and export high-value birch plywood to more than 60 countries.
UPM’s sales fell 9% to Euro 2.3 billion as pulp and paper prices declined sharply; the company expects lower margins in H2.
Wood panel and lumber prices rise month-on-month as year-on-year declines narrow.
Softwood plywood shipments fall 11.0% while ending inventory climbs 4.3%.
Companies report $930 million drop in product exports from 2022 to 2024.
The facility, which produces structural larch plywood, is located in Amursk, Khabarovsk Krai, and is intended to supply both the Russian market and Southeast Asia.
Russian producer targets record volume despite high logistics costs and long delivery times.
Commission issues pre-disclosure Tuesday, four weeks ahead of planned duty enforcement.