The prospect of an annual consumption of more than 30,000 tons of WPC in Russia and projected annual growth rates of up to 9% might have lured the Russian investment and industry holding company GS Group into an industry investment in the country: For RUB 200 million (€ 2.7 million), the company will set up a production plant for granulated wood-plastic composite (WPC) as well as extruded and injected end products in Ulyanovsk/RU. „The GS Composite plant will be the first in Russia to apply a technology for producing composite mixture with a significant proportion of hard plastic - polyethylene terephthalate (PET)”, the company claims in a press report.
According to experts, the volume of the Russian wood-plastic composites market is around 20,000 tons per year, of which over 40% are imported.
Since there is reason to believe that plywood from Russia or Belarus is being imported into the EU via third countries, Danish authorities want to increase controls on imports, for example from...
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The VMG Group is deeply rooted in the Baltic states and the timber industry there. Its subsidiary VMG Technics, a machine and plant manufacturer, has recently attracted attention with projects...
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In the first quarter of 2024, West Fraser of Vancouver/CA generated US-$1.6 billion (€1.5 billion) in sales and reported earnings of US-$35 million (€32.7 million).
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In April, the German wood packaging, pallet and export packaging industry recorded month-on-month increases in the purchase prices of solid wood and OSB. Only the purchase price of plywood fell...
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