Archives: October 2021

UK’s softwood lumber imports up 43%

Seven months into 2021 and volumes of lumber and panels imported by the UK were nearly 2 million m³ higher [...]

Segezha to become second lumber producer in Europe with giant acquisition

    A deal between investment group Bonum Capital and Russian forestry major Segezha will create the largest [...]

Sharp decline in demand for softwood lumber in Germany; sawmills adjust production

    The corona lockdown, drought and forest damage in 2020 was followed by extreme demand in spring [...]

Recent resurgence in US lumber prices expected to continue through early 2022

The price of lumber has seen a resurgence, which analysts expect will continue through early 2022.     [...]

IKEA to shift production to Turkey due to global supply chain problems

Swedish-based furniture retailer IKEA is planning to minimise problems with global supply chain and increased shipping costs by moving [...]

Koskisen to build a large new sawmill

Koskisen will carry out an investment in Kärkölä worth EUR 48 million, with production scheduled to start up [...]

Sierra Pacific completed acquisition of Seneca

Sierra Pacific Industries has completed its acquisition of Seneca, giving the forest products producer more than 2.3 million acres [...]

US furniture maker wins lawsuit against shipper

American home furniture manufacturer and supplier MCS Industries has prevailed in federal court in its lawsuit against Cosco Shipping.  [...]
October 13, 2021 Wood Furniture / North America

Price of Finnish lumber seeks balance

    Demand for Finnish lumber this year has been supported by favorable developments in construction investment in [...]

Huge opposition against new EU forest strategy

The new 2030 Forest Strategy is triggering diplomatic clashes in the EU over who should be responsible for forest policy [...]