Finland: Keitele Group lays off its staff due to insufficient orders
Finnish wood products manufacturer Keitele Group is laying off its staff. This is an exceptional action, as the company has [...]
March 16, 2023
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Arauco reports lower sales and prices of wood-based panels, especially MDF
Arauco, one of the largest global wooden panel manufacturers, reported sales revenues of USD 1,594.0 million in the [...]
March 16, 2023
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Can Australia return to the Chinese log market?
In 2020, among the logs exported from Australia to China, quarantine pests were repeatedly detected by the Chinese Customs. Therefore [...]
March 16, 2023
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Challenges ahead for Latvia’s wood industry after record year
In 2022, the export revenue of the forest sector reached an unprecedented record - 4 billion euros, but it will not [...]
March 14, 2023
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UK’s softwood imports drop by 25% in 2022
UK's imports of the main timber and panel products in 2022 were 2.4 million m3 lower than over [...]
March 14, 2023
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Global woodworking machinery sales to reach $6.1 billion by 2027
In the changed post COVID-19 business landscape, the global market for woodworking machinery estimated at $4.3 billion in [...]
March 14, 2023
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Insight Group acquires Deere & Co Russian leasing arm
The Insight Group completes acquisition of Russian leasing subsidiary of Deere & Co., the world's largest manufacturer of agricultural [...]
March 14, 2023
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Andritz’s 2022 revenue hits record high of over €7.5bn
In 2022, the Andritz technology group achieved the best results in its history in terms of orders, revenue and operating [...]
March 14, 2023
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Wood prices in Sweden are now starting to rise after sharp fall
Now the price of wooden products in Sweden is rising after the sharp fall in prices last autumn. But the [...]
March 10, 2023
US wood pellets are gaining market share in Europe as Russian pellets vanish
The costs of industrial wood pellets imported to the key European markets increased in 2022. Still, the rises have been [...]
March 10, 2023
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