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Archives: July 2020

EU pellet market unaffected by COVID-19, but could be limited by sustainability requirements

The European Union’s wood pellet market has been relatively unaffected by the COVID-19 pandemic but cautions further market [...]

Canfor improves earnings in Q2 due to improved demand and higher prices

For the 2Q 2020, Canfor Corporation reported operating income of $96.9 million, $185.7 million higher than the operating [...]

Forecast: Russian timber industry could contract by 30%

The Russian construction industry may contract by almost 50% in 2021 and its revival will take at least two years [...]

UPM quarterly profit falls sharply in Q2/2020

Finnish forestry giant UPM reported on Thursday a smaller-than-expected fall in quarterly profits, saying lockdowns hit paper demand [...]

The Netherlands could decide that burning biomass is not sustainable

The Netherlands should phase out the use of biomass for generating electricity as soon as possible, the advisory board of [...]

BC forest industry faces high operating costs and wave of sawmills closures

Softwood lumber prices soared 75% in recent weeks – but that won’t bring closed mills back  As governments [...]

Russian government plans to stimulate exports of wood pellets

The Russian government expects to reduce the amount of wood waste by stimulating exports of wood  pellets.    [...]

UPM to reduce plywood production by the end of the month

UPM Jyväskylä plywood mill to be permanently closed on 31.07.2020, UPM announced. The jobs cut will be [...]

SCA boosts wood harvesting level by 1 million m3/yr

SCA has confirmed a new harvesting plan which shows that the harvesting level in the own forest will increase over [...]

Stora Enso reports sharp drop in Q2 Wood Products’ division sales

Stora Enso's Wood Products division sales decreased by 16% in the second quarter yoy, or by EUR 65 million [...]