North American lumber suppliers cut prices to increase sales
A few months of struggle between lumber buyers and sellers brought some big price cuts in mid-June. Suppliers had [...]
June 29, 2022
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Acquisition of Russia’s RFP Group by Japanese holding unclear
Iida Group Holdings acquired a 75% stake in Russian lumber producer RFP Group for 60 billion yen ($525 million) at [...]
June 29, 2022
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UFP Industries to acquire 50% stake in Dempsey Wood Products, LLC
UFP Industries (UFPI) announced that its affiliate, PalletOne, Inc., has acquired a 50% equity stake in Dempsey Wood Products, LLC [...]
June 29, 2022
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U.S. open to new lumber talks with Canada
The United States is open to fresh negotiations with Canada to resolve a longstanding dispute over U.S. tariffs on [...]
June 27, 2022
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N. American lumber prices fall further as mortgage rates hit fresh 13-year high
Lumber prices fell Thursday, marking the first decline in more than a week, as mortgage rates rose to [...]
June 27, 2022
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Russia reduces production of wood pellets by 10% due to lack of export markets
At the end of 2021, about 2.5 million tons of wood fuel pellets were produced in Russia. However, in [...]
June 27, 2022
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Canfor invests $25 million to modernize its Estil facility in South Carolina
Canfor Southern Pine (Canfor) is investing $25 million to modernize its Hampton County facility in South Carolina, as South Carolina [...]
June 27, 2022
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Wood prices in Germany start to level off following US trend
After the massive increase in wood prices last year, the market is leveling off again. Werner Fauth, head of the [...]
June 25, 2022
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The market situation for lumber and plywood in Europe is hot this summer
The cessation of imports of lumber and plywood from Russia and Belarus reduced their supply in Europe, which has weakened [...]
June 23, 2022
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Uniboard Canada invests $250 million in a new particleboard press
Uniboard Canada is moving forward with the modernization project for its Val-d'Or plant. [...]
June 23, 2022
Companies in the timber industry / Daily News / Global Trends / Wood Products / Wood-based panels / Global / North America