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Companies in the timber industry

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]