RusForest sawlog harvesting in Magistralny decreased by 18.9% to 68,100 cubic metresin 3Q 2015 compared with 83,950 cubic metresin 3Q 2014.
RusForest sawnwood production in Magistralny increased by 6% to 22,912 cubic metresin 3Q 2015 compared with 21,619 cubic metresin 3Q 2014.
RusForest sold 21,007 cubic metresof sawnwood from Magistralny in 3Q 2015 compared with 21,992 cubic metresin 3Q 2014 (-4.5%). Continued oversupply on the Asiansawnwood markets is the main reason for lower sales volumes. At the same time sales to Japan significantly increased in 3Q 2015 compared with 2Q 2015. The share of Japanese market in total sales increased from 31% in 2Q to45% in Q3 2015. In 3Q 2014 the share of Japanese market in total sales was 48%.
RusForest is a Swedish forestry company operating in Eastern Siberia. The Company controls long-term timber leases and utilizes these resources to produce a wide range of sawnwood products.