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Global Trends

Stora Enso prepares for oversupply in the sawn timber market; layoffs in plan

Finnish-Swedish forest industry company Stora Enso is preparing for oversupply in the sawn timber market.     [...]

Declining furniture trade in China

According to data from China Customs, in the first half of 2018 the value of China’ s furniture exports was [...]

US softwood lumber prices on the rise in mid-November

US softwood lumber traders absorbed a heavy news week that sent mixed signals to an uncertain marketplace. However, chief among [...]

Estonia: Growth in roundwood prices consolidates in September

The sharp rise in roundwood prices in Estonia at the beginning of the year consolidated in August and September. Both [...]

Trends in China’s furniture industry

The furniture industry in China is a traditional industry and it has developed rapidly over the past 30 years. Large [...]

Armstrong to sell its Wood Flooring segment for US$ 100 million

Armstrong Flooring, Inc. has entered into a definitive agreement to sell its Wood Flooring segment to an affiliate of American [...]

Canadian lumber companies in trouble: high log prices and low supply cause production curtailments

Hundreds of sawmill workers are being laid off in B.C., some of them permanently, despite recent record profits made [...]

Russia boosts lumber exports in January-September 2018

In January-September 2018, Russia increased its softwood lumber exports, both in value and in volume terms, indicate the statistics [...]

Singapores’s Sudima to build a $200 million wood processing complex in Russia’s Far East

Singapore's KGK Sudima International Pte Ltd plans to open a high-tech wood processing complex in the Russian Far [...]

Canfor comes to Europe; acquires 70% of Swedish sawmill company VIDA

Canfor Corporation announced that it has entered into an agreement to purchase 70% of the VIDA Group of Sweden for [...]