High raw material prices put pressure on Setra

Swedish wood product company Setra had a struggling third quarter and reports a loss of SEK 50 million, compared to a profit of SEK eight million for the same period last year. The company points out that increased raw material costs, despite higher sales prices, are part of the explanation for the drop in results. Another is that both production and delivery levels have been significantly lower as a result of ongoing investments. ''The challenging situation for sawmills and the woodworking industry persists and is characterized by rising raw material prices at the same time as the weak ...