Russian plywood producers at risk to cease production due to resin shortage

Some Russian plywood producers may cease operations or significantly raise prices for their products. The situation was caused by the shortage of a key component for the production of plywood: phenol formaldehyde resin. The Russian Association of Furniture and Woodworking Enterprises asked the Ministry of Industry and Trade and the Chamber of Commerce and Industry of the Russian Federation to address the problems in the supplies of phenol (the main component for the production of phenol formaldehyde resin) to the domestic market by limiting its export. “If the situation does not change, most enterprises in the sector may cease ...