Two sawmills to stop production in Finland and Norway due to lumber price decline and high log costs
In a recent development, two sawmills in Finland and Norway are facing significant changes in their operations due to the [...]
September 8, 2023
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West Fraser to buy Albert sawmill for $140 million
West Fraser Timber Co. is planning to add another Alberta sawmill to its suite of Canadian assets. West Fraser [...]
September 8, 2023
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Indian plywood industry back to pre-pandemic levels
The nearly 500 plywood manufacturing units in South India such as Kerala and Andhra Pradesh have returned to near normality [...]
September 8, 2023
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Latvia’s forest industry faces challenges in 2023: declining export revenue and sanctions impact
In the first half of this year, Latvia's forest industry faced challenges as its export revenue amounted to 1 [...]
September 7, 2023
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North American softwood lumber prices defy the most recent surge in mortgage rates and rise 10%
-N. American softwood lumber prices staged a 3-day rally of 10% despite continued headwinds in the housing market. [...]
September 7, 2023
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Germany: Wood pellets expected to remain cheap by 2035
According to a forecast by the Federal Ministry of Economics, wood pellets will remain cheap in Germany until 2035. Reliable [...]
September 7, 2023
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China: Fall in CIF prices for softwood lumber imports continues
According to data from China Customs, in the first half of 2023 lumber imports totalled 14.31 million cubic metres [...]
September 7, 2023
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Sales in the German timber trade are declining due to downturn in construction
The German timber trade is feeling the effects of the downturn in construction. The timber trade in Germany is [...]
September 6, 2023
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ETTF issues EUDR guidance for timber exporters
The European Timber Trade Federation (ETTF) has recently released comprehensive guidance pertaining to the European Union Deforestation Regulation (EUDR) for [...]
September 6, 2023
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Stora Enso continues restructuring plans
Stora Enso has progressed with its restructuring actions, announced on 15 June 2023, aimed at strengthening the Group’s long [...]
September 6, 2023
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