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GROUP OF COMPANIES SEGEZHA PUBLIC JOINT STOCK COMPANY

(SGZH)
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Segezha Group Enters the Japanese Market for Glulam Products

11/23/2021 | 06:59am EST

Segezha Group (MOEX: SGZH, a subsidiary of Sistema PJSFC) has launched glued laminated timber (glulam) and structural glued laminated beams onto the Japanese market.

The first lot consisting of 10 containers (550 m3) from the Sokol Woodworking Plant JSC has been supplied to Japan. The SOJITZ BUILDING MATERIALS Corporation is the buyer.

As per the request of the Japanese client, Segezha Group is manufacturing glulam products specifically designed to meet the standard parameters in Japan.

The company has started to establish positions in the Japanese market thanks to the modernisation of production conducted in 2020 and the certification of compliance with Japanese Agricultural Standards (JAS) that was awarded to Sokol Woodworking Plant JSC in 2021. This certification is required for a company to be a supplier of processed wood products to Japan. Segezha Group has complied with all the JAS requirements in terms of quality, size, strength classes, glue quality, equipment, and technology. The audit was conducted last summer.

'It is a common notion that foreign companies struggle to conquer the Japanese market. In this regard, we consider cooperating with SOJITZ BUILDING MATERIALS Corporation, a part of one of the leading Japanese trading companies, to be of vital importance. The reason that we are so drawn to the Japanese market is its capacity for expansion, the absence of the seasonal factor as well as the opportunity to work together with the top global wooden house-building companies. Obviously, we take into account the potentially high demand for quality softwood timber products,' points out Dmitry Rudenko, Segezha Group VP.

Contact:

Tel: +7 (499) 962 82 00

Email: welcome@segezha-group.com

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
GROUP OF COMPANIES SEGEZHA PUBLIC JOINT STOCK COMPANY -0.38% 10.759 End-of-day quote.0.00%
SOJITZ CORPORATION -0.06% 1673 End-of-day quote.45.48%
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Financials
Sales 2021 91 806 M 1 248 M 1 248 M
Net income 2021 15 018 M 204 M 204 M
Net Debt 2021 51 114 M 695 M 695 M
P/E ratio 2021 11,3x
Yield 2021 3,66%
Capitalization 169 B 2 291 M 2 295 M
EV / Sales 2021 2,40x
EV / Sales 2022 2,01x
Nbr of Employees -
Free-Float 23,6%
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Mikhail Valerievich Shamolin Chairman-Management Board & Executive Director
Rovshan Aliyev Vice President-Finance & Investment
Ali Mussayevich Uzdenov Chairman
Pavel Vakhnin Vice President-Information Technology & Automation
Anna Grigorevna Belova Deputy Chairman
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