Stora Enso buys Junnikkala sawmill company for EUR 137 million
Stora Enso buys the entire share capital of the sawmill and processing company Junnikkala Oy. According to Stora Enso, the [...]
October 30, 2024
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Finland: Sawn timber prices remain low despite sharp rise in log prices
Pine and spruce log prices in Finland started to rise since summer 2022 and despite the fall of sawn timber [...]
October 30, 2024
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Log import prices in China have increased steadily over the last couple of months
The CFR log prices in China have risen steadily over the last couple of months. China softwood log inventory [...]
October 30, 2024
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Demand for softwood lumber in China could revitalize as new stimulus come into play
In a bid to rejuvenate its sluggish economy, the Chinese government has introduced new stimulus measures that could revitalize the [...]
October 29, 2024
Market tone is finally changing in North American sawmill industry
US housing trends increased considerably overall in August 2024, according to US Census data. Revised housing starts were 1.356 [...]
October 29, 2024
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Pfeifer to expand cross-laminated timber production in response to rising market demand
The German wood processing company Pfeifer is responding to the rising demand for cross-laminated timber (CLT) with expanded production [...]
October 29, 2024
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Challenging Q3/2024 for Canfor; lumber segment outlook in N. America and Europe under pressure
Canfor Corp. says it had a net loss of $350.1 million in its last quarter as it took writedowns [...]
October 29, 2024
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Norra Timber boosts investments in its sawmills
orrNorra Timber, part of Norra Skog Group, is boosting investment in its Hissmofors Sawmill, committing SEK150m (EUR 13.1m) to [...]
October 29, 2024
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Egger Group started construction of €200m Markt Bibart plant investment
Egger Group has started construction at its 22nd plant in Markt Bibart, Germany, committing over €200 million to develop new [...]
October 29, 2024
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How Russian birch supply cuts are leading to plywood mill closures in Finland
Metsä Group recently announced the closure of its birch and softwood plywood mills in Suolahti, Central Finland. The reason [...]
October 24, 2024
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