The project is intended to improve wood-use efficiency, raise productivity, and expand development of plywood products, including large-format plywood, for international markets and the EU.
Plywood
New 4,036 m2 facility to increase product value by up to 70% and add lamination and precision machining capabilities.
Price for plywood exported from Russia to China grew 16%.
Price for plywood exported from China fell marginally 0.9%.
Weak lumber demand and price pressure in China, a stronger ruble, and high interest costs drove asset impairments, capacity curtailments, and lower fourth-quarter sales.
Price for plywood imported to Italy increased 21%.
Price for plywood imported to the EU expanded 15%.