BSW Group stops purchasing Russian raw material
6 March 2022BSW Group has decided to stop purchasing any raw material which originates from Russia due to the ongoing Ukraine conflict.
BSW Group announced on its website that member businesses BSW Timber Solutions and Bayram Timber do purchase raw material from Russia.
“It has been our priority to respond to this situation as it unfolds,” said BSW Group.
“We have made the immediate decision to stop purchasing any raw material which originates from Russia.
“We have in place an industry-leading due diligence process which assesses new suppliers, assuring our customers that we are always mitigating against environmental, social, and legal risks to our supply chain.
“Material originating from Russia accounts for less than 1% of the total amount of raw material coming into the UK operations of BSW Timber Solutions and Bayram Timber. Now that we are part of Binderholz, the largest sawmilling and wood processing company in Europe, we are able to cover this volume from our own internal supply.”
The company said that over the coming months it believes there will be a shift in the supply and demand balance, with significant additional demand for supply of products originating from the UK, Finland, Sweden, and Central Europe.
“Along with Binderholz and our trusted third-party partners, we will continue to support our valued customers in the UK during any periods of restricted supply,” the company added.
