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Companies in the timber industry

Russian factories continue to produce IKEA’s furniture under their own brands

Once IKEA left Russia, the local furniture factories continued to produce IKEA’s furniture under their own brands.   [...]

Japan’s lumber industry under pressure due to ban on Russian wood

The global lumber industry has been through a tumultuous period over the past year or so due to wood shortages [...]

Willwood AB becomes Europe’s largest softwood flooring manufacturer

Swedish Willwood AB, owned by the Hermansson family, has acquired flooring manufacturer Stigma Hyvleri.    This is [...]

Mondi Group to sell its Russian assets

The board of Mondi Group announced its decision to divest the group’s Russian assets. According to the group, as [...]

Strong lumber prices boost Canfor Q1 profits 25 percent

Canfor Corp. is reporting a 25 percent increase in net profits in its latest quarter on near record high North [...]

Interfor takes minority interest in GreenFirst Forest Products, continuing expansion in eastern Canada

B.C. lumber giant Interfor Corp laid the groundwork for additional expansion in Eastern Canada this week by buying a [...]

Homag reports record order intake in Q1/2022

In the first quarter of 2022, the Homag Group was able to further improve order intake, sales and earnings. The [...]