US homebuilders urge Biden to help ease skyrocketing lumber prices
The biggest U.S. homebuilders group urged the Biden administration to help increase lumber supply, saying record-high costs threaten [...]
February 15, 2021
Companies in the timber industry / Daily News / Global Trends / Market Analysis / Lumber / Price analysis and info / Sawmilling / Statistics / Wood construction / Wood Products / Global / North America
Interfor continues expansion in US South
Lumber giant Interfor Corp. is buying a sawmill in South Carolina from WestRock Co. for US$59 million in cash [...]
February 11, 2021
Companies in the timber industry / Daily News / Global Trends / Market Analysis / Forestry / Lumber / Sawmilling / Wood Products / Global / North America
UK’s Drax to acquire Canadian wood pellet producer Pinnacle
UK utility Drax has signed an agreement to acquire Canadian wood pellet producer Pinnacle Renewable Energy for C$385mn (£226mn [...]
February 9, 2021
Companies in the timber industry / Daily News / Global Trends / Market Analysis / Wood pellets / Wood Products / Europe / Global / North America
Brexit conclusion heightens impact on timber availability and prices in UK
Unprecedented prices and availability of raw materials will affect the UK timber market until at least [...]
February 9, 2021
Companies in the timber industry / Daily News / Global Trends / Market Analysis / Lumber / Price analysis and info / Sawmilling / Wood Products / Europe / Global
Nordic forestry giants, Stora Enso, UPM and SCA feel the impact of Covid-19 on 2020 results
Forestry giants in Northern Europe, Stora Enso, UPM and SCA, have felt the impact of the coronavirus crisis on their [...]
February 8, 2021
Companies in the timber industry / Daily News / Global Trends / Market Analysis / Wood Industry Prices / Forestry / Lumber / Price analysis and info / Pulp & Paper / Sawmilling / Wood Products / Europe / Global
Interfor eyes growth by acquisition as lumber prices lift Q4/2020 profits
The CEO of Interfor Corp. says profits from strong lumber markets mean the company is well-positioned to add to [...]
February 8, 2021
Companies in the timber industry / Daily News / Global Trends / Market Analysis / Wood Industry Prices / Forestry / Lumber / Sawmilling / Statistics / Wood construction / Wood Products / Global / North America
UPM sawmill supply chain to be streamlined
Finnish forest industry giant UPM sawmill supply chain will be streamlined, one production line will be closed and a maximum [...]
February 4, 2021
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West Fraser completes acquisition of Norbord
West Fraser Timber Co. Ltd. shares closed 4% higher Monday (up $3.24 per share) on the news that it [...]
February 3, 2021
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Chinese wood processing companies cut back production as Chinese New Year approaches
Importers in China have cut back on orders in advance of the slowdown in manufacturing associated with the New Year [...]
February 3, 2021
Companies in the timber industry / Daily News / Global Trends / Market Analysis / Lumber / Sawmilling / Wood construction / Wood flooring / Wood Products / Wood-based panels / China / Global
The world’s largest wood flooring factory to be build in Croatia
In October 2020, Pervanovo Invest AB, the parent company of the group of companies that includes Välinge Innovation and [...]
February 3, 2021
Companies in the timber industry / Daily News / Global Trends / Market Analysis / Wood flooring / Wood Products / Wood-based panels / Europe / Global