Article Archive

US lumber prices expected to rise another 35% this year

Lumber prices topped $1,000 last week, a record high and a promising sign of a rebound in demand for [...]

Global container freight rates at record levels

  Global container freight rates continued to sky-rocket into the new year as major freight companies applied surcharges [...]

Siempelkamp delivers new particleboard plant to Russia

The Russian wood-based panels manufacturer Uvadrev-Holding placed an order with Siempelkamp for a new particleboard plant.   [...]

UFPI acquires Spartanburg Forest Products

UFP Industries, Inc. announced that one of its wholly owned subsidiaries, Sunbelt Forest Products Corporation, signed an agreement to purchase [...]

Malaysian plywood industry faces timber shortage

Malaysia’s plywood export prices to key Japan market have firmed up due to tight supply of logs for manufacturing [...]

US DoC set to reinstate higher Canadian softwood lumber duties

The Commerce Department intends to reinstate higher anti-subsidy duties on certain imports of Canadian softwood lumber, after concluding it [...]

European renovation wave to create opportunities for the wood industry

  In her latest speech on the state of the Union, European Commission President Ursula von der Leyen highlighted [...]

New opportunities for Latvian timber exports to the US

At the beginning of February, a large vessel with Latvian timber products to be exported to the USA was loaded [...]

Australia’s log exports collapse due to Chinese import ban

Australia’s log exports fell to a five-year low in December 2020, down 47% on the prior December and [...]

Pfeifer Group to double its CLT capacity

  The Austrian Pfeifer Group is increasing its production capacity to 100,000 m³ cross laminated timber (CLT) annually [...]