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Companies in the timber industry

UPM sees headwinds from disrupted supply chains

Finnish forestry company UPM said on Thursday it sees headwinds and extra costs ahead from disrupted global supply chains, leaving [...]

Japanese Sumitomo buys timberlands in New Zealand to export logs to China

Sumitomo Corporation has acquired timberland in the North Island of New Zealand through its local subsidiary company Summit Forest New [...]

Enviva plans to double wood pellet production

Enviva Inc. on Jan. 19 announced accelerated plans to double its wood pellet production capacity and said it has signed [...]

Tense roundwood supply and felling bans impact the German hardwood industry

The business situation of hardwood sawmills in Germany has been developing remarkably positively for a few weeks now, as the [...]

Wood prices at high levels for the moment in Austria

Like other raw materials, the prices for lumber shot up to unprecedented heights last year. It wasn't just finely [...]

Sweden: Setra reports booming sales and profits for Q4/FY 2021

The Swedish wood products company Setra reported an operating profit of SEK 1.6 billion (€154 million) for 2021 - after [...]

Strike at UPM factories in Finland extended

As there seems to be no prospect of rapprochement between UPM and Paperiliitto, the union has announced an extension of [...]

HS Timber Group’s sawmill capacity in Romania to be reduced by 30%

Austrian wood-processing company HS Timber Group, formerly known as Holzindustrie Schweighofer, said it will reduce its timber cutting capacity [...]

The European wooden-construction sector is evolving rapidly

The European market for mass timber-based multi-storey buildings is growing at some 8% per year and is projected [...]

European wood flooring market grew significantly in 2021, but raw material supply a problem

The overall consumption figures on the European wood flooring for the year 2021 are significantly increasing by 5,8% compared [...]