The Russians are coming!
By Global Softwood Log & Lumber Conference
April 21, 2016 - In reviewing just one of the five presentations on Russia that will be part of the 6th Annual Global Softwood Log & Lumber Conference in Vancouver on May 5-6, it is very obvious that many Russian companies are expanding rapidly.
Here are a few highlights:
•The ruble devalued by 114 per cent from 2014 and this has been a game changer for the competitiveness of the Russian industry;
•Russia's softwood log and pulpwood costs are now 50 per cent cheaper than in U.S.;
•CAPEX growth in 2015 across Russia was over 50 per cent for pulp and paper and 20 per cent in softwood lumber;
•Increases in some companies timber harvests range from 15 per cent to 30 per cent based on implementing intensive silviculture to provide more wood for expansion plans;
•Five new sawmill projects total US$500 million in investment with 2 million m3 (1.2 billion bf - nominal) of additional lumber output;
•And the list goes on…
The Russians are definitely coming! Find out more of these details by attending this year's Global Softwood Log & Lumber Conference.
The complete conference program covering all session topics and confirmed speakers can be viewed here.