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Companies in the timber industry

Singapore’s Sudima to split planned US$200M wood processing complex in Russia’s Far East

Singapore's Sudima International, which announced earlier that it would build a wood-processing complex in the Primorye Territory worth [...]

EGGER reports record sales figure for its financial year; outlook positive

The wood-based panels giant recorded sales of EUR 2.84 billion and adjusted EBITDA of EUR 425.0 million [...]

FSC sanctions Korean-Indonesian company for clearing tropical forests

The Forest Stewardship Council (FSC) has sanctioned Korean-Indonesian conglomerate Korindo for clearing tropical forests in Indonesia to produce palm [...]

UPM to invest US$2.7 billion in a new pulp mill in Uruguay; company’s pulp capacity to rise by 50%

UPM has made the investment decision to construct a 2,1 million tonne greenfield eucalyptus pulp mill near Paso de [...]

West Fraser expects a 600 million board feet drop in lumber production for 2019

The Canadian company reported lumber inventories reduced by approximately 150 million board feet in Q2/2019, and expects a 600 [...]

Homag negatively revises earnings forecast for 2019

German woodworking machinery giant Homag announced that it will negatively revise its earnings forecast for 2019 as a result of [...]

Chinese woodworking companies plan to explore business opportunities in the U.S. market

Many Chinese woodworking companies expressed their expectations to further explore business opportunities in the U.S. market, as they participated [...]

Russian Sveza to set up its own logging company

Russian plywood manufacturer Sveza has set up its own logging company, Sveza Resource LLC. The company is currently conducting pilot [...]

Stora Enso plans major investments in its Wood products segment

Stora Enso has initiated feasibility studies for a possible cross laminated timber (CLT) unit in connection with its Ždírec [...]

Canfor to further reduce production in BC

The curtailments will reduce Canfor’s annual production output by approximately 400 million board feet.  Canfor Corporation announced [...]