Archives: 2020

IKEA invests 150 million euros in Spain

    IKEA announced an investment of around 150 million euros in the next 3 years in an [...]

The lack of lumber in North America is unprecedented

     The downfall in lumber production in North America caused by the Covid-19 pandemic, doubled by [...]

Canfor improves earnings in Q2

For the 2Q 2020, Canfor Corporation reported operating income of $96.9 million, $185.7 million higher than the operating [...]

Production in the Russian timber industry could drop by 30%.

    The Russian construction industry may contract by almost 50% in 2021 and its revival will take [...]

UPM profit falls sharply in Q2/2020

Finnish forestry giant UPM reported a smaller-than-expected fall in quarterly profits, saying lockdowns hit paper demand and prices [...]

The Netherlands says that burning biomass is not sustainable

The Netherlands should phase out the use of biomass for generating electricity as soon as possible, the advisory board of [...]
August 13, 2020 Latest Trends / Market Analysis / ...Wood Energy / Europe

EU pellet market unaffected by COVID-19

The European Union’s wood pellet market has been relatively unaffected by the COVID-19 pandemic but cautions further market [...]
August 12, 2020 Latest Trends / Market Analysis / ...Wood Energy / Europe

BC forest industry faces wave of sawmills closures

Softwood lumber prices soared 75% in recent weeks – but that won’t bring closed mills back  As governments [...]

Russia plans to stimulate exports of wood pellets

The Russian government expects to reduce the amount of wood waste by stimulating exports of wood  pellets.    [...]

SCA to boost wood harvesting level by 1 million m3 per year

    SCA has confirmed a new harvesting plan which shows that the harvesting level in the own [...]