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Russian Forest Sector News at a glance

October 2, 2009

Radiata Pine shortage crimps U.S. domestic market

By  Sam Sherrill, Deputy Editor, Crow's, RISI

Mayr-Melnhof Holz GmbH and LSR Group to launch the largest wood-processing plant in Northwest Russia

September 25, 2009 Phase 1 of the LLC MM-Efimovsky wood-processing plant was officially launched in the village of Chudtsy, Boksitogorsky district, Leningrad region. The joint project of the Austrian company, Mayr-Melnhof Holz GmbH and LSR Group was realized by MM-Efimovsky with the support of the Leningrad Region Government.  Total investment volume amounted to EUR 80 billion.

The UNECE Market Review 2008 - 2009

The current economic crisis is hitting hard the forest products sector across the UNECE region, according to the UNECE/FAO’s Forest Products Annual Market Review 2008-2009.

Newfoundland and Labrador invests in sawmill industry

The province of Newfoundland and Labrador has recently invested in two sawmill companies: Holson Forest Products and Burton’s Cove Logging and Lumber Limited.

Forest Sector Downturn slowed in Q2 2009

Canada's forest, paper & packaging (FPP) sector continued to be negatively impacted by the global economic downturn during the second quarter of 2009.

Over 10,000 jobs already lost in Finnish forestry sector

Finnish forestry’s contribution to the national economy has dropped by half since the start of the new millennium.

Rising New Zealand Dollar a threat for wood processing industry

Wood processing company Winstone Pulp International says the rising New Zealand dollar is a major concern.

Sawlog prices near 5-year low globally

The Global Sawlog Price Index (GSPI) in the 2Q/09, increased for the first time since late 2007, reaching $68.87/m3. The Index, which is based on conifer sawlog prices in 19 key regions worldwide from 1995 to present, was still close to its lowest level in five years.

Forest Products Markets 2008/2009 Outlook

A couple weeks ago, the United Nations Economic Commission for Europe (UNECE) released its 2008–2009 Forest Products Annual Market Review (http://timber.unece.org/index.php?id=208).


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by Dr. Radut