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 [...]
August 1, 2019
Companies in the timber industry / Daily News / Global Trends / Forestry / Lumber / Sawmilling / Wood Products / Asia & Middle East / Global / Russia
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 [...]
July 29, 2019
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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 [...]
July 29, 2019
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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 [...]
July 24, 2019
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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 [...]
July 23, 2019
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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 [...]
July 23, 2019
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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 [...]
July 22, 2019
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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 [...]
July 22, 2019
Companies in the timber industry / Daily News / Global Trends / Forestry / Wood Products / Wood-based panels / Global / Russia
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 [...]
July 19, 2019
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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 [...]
July 19, 2019
Companies in the timber industry / Daily News / Global Trends / Forestry / Lumber / Sawmilling / Wood Products / Global / North America