Archives: 2022

Ukraine war is causing shortage in Europe’s pallet supply

The Russian invasion of Ukraine has proven disastrous for the thousands of Ukrainians who have lost their lives and the [...]

Swedish sawmill industry not much affected by the sanctions against Russia

    Competition for wood products becomes tougher when European buyers, who have previously imported from Russia, and [...]

Russian imported plywood will be ‘hard to replace,’ says US hardwoods group

    As of April 8, the U.S. has suspended normal trade relations with Russia and Belarus [...]

Setra’s Q1 earnings boosted by higher prices and strong market

    Swedish wood products company Setra has reported an operating profit of SEK 480 million or EUR [...]

North American lumber prices to rebound into summer after reclaiming the $1,000 level

     North American lumber prices crossed back above the $1,000 level on Thursday as seasonal demand [...]

Lost Russian supply forcing Estonian companies to buy expensive wood from Nordics

Replacing timber previously imported from Russia, Belarus and Ukraine cannot happen overnight, while the material is more expensive in Europe [...]

Canfor invests $130 million in Arkansas sawmill

Canfor Corp. announced plans to invest $130 million to modernize its sawmill and planer facility in Urbana, Arkansas.   [...]

Stora Enso sells its sawmills and forest operations in Russia

    Stora Enso has entered into an agreement to divest its two sawmills in Russia. The Company [...]

Spruce log prices in Germany continue upward trend

In February 2022, the German producer price indices for spruce almost completely continued the upward trend that had been going [...]

Lumber price growth in Latvia expected to continue due to sanctions on Russia

    The situation on the Latvian lumber market in 2021 was dictated by price increases, reaching historically [...]