Archives: 2022

Interfor acquires minority interest in GreenFirst Forest Products, continuing expansion in eastern Canada

  B.C. lumber giant Interfor Corp laid the groundwork for additional expansion in Eastern Canada this week by [...]
May 6, 2022 Forestry / Sawmilling / ...North America

Homag reports record order intake in Q1/2022

    In the first quarter of 2022, the Homag Group was able to further improve order intake [...]

Russian invasion, Covid and inflation overshadow the outlook of the Finnish sawmill industry

    The uncertainty caused by the Ukraine war is also reflected in the demand for Finnish lumber [...]

HS Timber acquires sawmill in Finland

    HS Timber Group, formerly known as Holzindustrie Schweighofer Group, has acquired 100% of the shares in [...]

Significantly reduced log supply to China

The total log demand in China has reduced since last year’s real estate and construction crisis in China due [...]

Russian timber companies ask for state support due to sanctions

Russian business associations "Opora Rossii" and "Business Russia" sent a set of proposals to Deputy Prime Minister Victoria Abramchenko on [...]

North American lumber demand expected to remain high even if a recession occurs

    With Russia’s war in Ukraine, runaway inflation and rising interest rates, analysts and economists speaking [...]

Global supply-chain congestion shows signs of easing

Port bottlenecks that have increased supply-chain congestion because of the war in Ukraine and lockdowns in China may be [...]

High demand and prices lead to record Q1/2022 for Moelven

The international market situation for wood products and rising prices are contributing to a strong start for Moelven in 2022 [...]

Bauwerk Group to acquire Somerset Hardwood Flooring

    Swizerland-based Bauwerk Group AG has announced the acquisition of Somerset Hardwood Flooring, a vertically integrated [...]