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Archives: June 2022

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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.    [...]

Finland: Timber trade falls sharply in May, log prices on the rise

Timber trade in Finland has been slow in January-May 2022. at the beginning of the year. The Finnish forest [...]