Raute reports strong Q1/2024
Raute Corporation reported robust progress in its project deliveries for the first quarter of 2024, despite a challenging market environment [...]
May 7, 2024
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North American lumber prices in a downward spiral
Demand for lumber is collapsing in North America. The reason: Mortgage interest rates are rising dramatically and housing starts are [...]
May 2, 2024
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Many European timber importers are not aware of incoming EUDR
18% European timber importers are not aware of any incoming deforestation legislation, despite the fact that regulations like the EU [...]
May 2, 2024
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Interfor announces lumber production curtailments across all regions of N. America
Interfor Corporation plans to reduce its lumber production by approximately 175 million board feet (413,329 cubic meters) between May [...]
May 2, 2024
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IKEA continues to cut prices in response to economic pressures
Amid economic pressures and reduced consumer spending, IKEA, under the stewardship of Ingka Group, has initiated multiple rounds of price [...]
May 2, 2024
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China’s timber import market slowly recovering in the first quarter
According to the latest data released by China's General Administration of Customs, the country's total timber imports exceeded [...]
May 2, 2024
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B.C. forestry company Teal Jones is battling bankruptcy
Teal Jones, a prominent logging company based in British Columbia, is battling bankruptcy. The company has filed for creditor protection [...]
May 1, 2024
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Rising roundwood prices in Germany
There is currently an upward trend in roundwood prices in Germany's Lower Saxony region. Accordingly, demand for and prices [...]
May 1, 2024
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Weyerhaeuser expects higher sales for lumber for Q2/2024
Weyerhaeuser reported first quarter net earnings of $114 million, or 16 cents per diluted share, on net sales of $1 [...]
May 1, 2024
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Swedish wood product companies post weak first quarter
The latest financial reports from some of Sweden's leading wood product companies reveal a challenging start to the year [...]
May 1, 2024
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