Archives: July 2022

Moelven is investing in a pellet factory in Karlskoga

The pellet factory is planned to be put into operation in 2024 and will be built at Moelven Valåsen [...]

Rising costs cast doubt on Vietnamese wood companies growth prospects

As wood export turnover is rebounding with rising demand in the domestic market, the revenues of Vietnamese wood enterprises are [...]

Acquisition of Russia’s RFP Group by Japanese holding unclear

Iida Group Holdings acquired a 75% stake in Russian lumber producer RFP Group for 60 billion yen ($525 million) at [...]

UFP Industries acquires 50% stake in Dempsey Wood Products, LLC

    UFP Industries (UFPI) announced that its affiliate, PalletOne, Inc., has acquired a 50% equity stake in [...]

U.S. open to new lumber talks with Canada

The United States is open to fresh negotiations with Canada to resolve a longstanding dispute over U.S. tariffs on [...]

N. American lumber prices fall further as mortgage rates hit fresh 13-year high

   Lumber prices fell last Thursday, marking the first decline in more than a week, as mortgage rates rose [...]

Russia reduces production of wood pellets by 10% due to lack of export markets

At the end of 2021, about 2.5 million tons of wood fuel pellets were produced in Russia. However, in [...]

Canfor to invest $25 million to modernize its Estil facility in South Carolina

Canfor Southern Pine (Canfor) is investing $25 million to modernize its Hampton County facility in South Carolina, as South Carolina [...]