ULK Group

Russia’s largest sawmilling company faces bankruptcy threat due to sanctions Sanctions derailed the company’s investment and export strategy.

Russia won't be able to consume entire volume of wood pellets country produces The Russian government intends to allocate 20 billion rubles in 2023-2024 to convert municipal boilers from fossil fuels to wood pellets, but these funds will not be enough.

Largest sawmill company in Northwest of Russia to stop all wood pellet plants After the imposition of EU sanctions, the company was left without markets for wood pellets. The company fired about 1.5 thousand out of 5.4 thousand employees.

Microtec to deliver three Finscan scanners to ULK Group’s Pinega sawmill in Russia Microtec (formerly FinScan) to deliver three Finscan sorting systems for dry sorting departments at ULK’s new Pinega sawmill to be constructed in the Arkhangelsk region, Russia. The Pinega sawmill is expected to begin operations in 2023 and manufacture sawn softwood and pellets.

Jartek to supply sorting lines to ULK Group' sawmill in Russia Jartek Invest Oy has signed a contract ¬with the Russian company ULK Group LLC for the construction of lumber handling lines to a new Pinega Sawmill plant in the Arkhangelsk region, Russia. When finished, the plant will be the largest modern sawmill plant in the world and simultaneously the largest sawmill in Northern Europe. The capacity of the plant will be over two million cubic meters of logs per year with one million cubic meters of lumber and over half a million tons of pellets.