Rising freight rates in the wake of Suez crisis
Ocean freight rates are surging after a missile attack and attempted hijacking of a Maersk ship this weekend prompted carriers [...]
January 9, 2024
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Versowood to acquire pellet factory in Finland
Neova Oy's subsidiary Vapo Terra Oy and Versowood Oy have agreed on a business sale and purchase agreement whereby [...]
January 9, 2024
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China’s poor housing accounts for big decline in B.C. lumber exports
Until recently, China stood as the second-largest market for British Columbia (B.C.) wood products, considering both lumber and [...]
January 9, 2024
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Pfeifer’s CEO urges wood industry to avoid pessimism despite current market woes
The CEO of one of Europe’s largest sawmilling groups has told the market and customers to avoid pessimism at [...]
January 5, 2024
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Pfleiderer Group finds new buyer for Polish wood-based panel plants
Bogdan and Elzbieta Kaczmarek, private investors and owners of Central European manufacturers of quality furniture and mattresses, together with Innova [...]
January 5, 2024
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RemaSawco to upgrade Södra and Wallnäs Timber’s sawmills Sweden
RemaSawco and Södra have agreed to upgrade Södra's four sawmills Kinda, Långasjö, Mönsterås and [...]
January 5, 2024
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China to extend tariff exclusions on seven US hardwood lumber products
The People’s Republic of China State Council Tariff Commission (SCTC) announced on December 22nd, 2023, that it is extending [...]
January 5, 2024
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Lumber prices in Estonia drop to lowest in years
Over the past year, lumber prices in Estonia have halved. Toomas Tauk, managing director of lumber retailer Puumarket, said [...]
December 29, 2023
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Poland’s wood industry has problems; decrease in profitability
Poland's wood industry is currently facing a significant drop in profitability. In the third quarter of 2023, the sawmill [...]
December 29, 2023
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Current trends in the US wood-based panel industry
High interest rates have been a factor weighing on the US housing market, a key sector for the North American [...]
December 29, 2023
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