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Companies in the timber industry

IKEA to invest 150 million euros in Spain

IKEA announced an investment of around 150 million euros in the next 3 years in an expansion and transformation plan [...]

Canfor improves earnings in Q2 due to improved demand and higher prices

For the 2Q 2020, Canfor Corporation reported operating income of $96.9 million, $185.7 million higher than the operating [...]

UPM quarterly profit falls sharply in Q2/2020

Finnish forestry giant UPM reported on Thursday a smaller-than-expected fall in quarterly profits, saying lockdowns hit paper demand [...]

UPM to reduce plywood production by the end of the month

UPM Jyväskylä plywood mill to be permanently closed on 31.07.2020, UPM announced. The jobs cut will be [...]

SCA boosts wood harvesting level by 1 million m3/yr

SCA has confirmed a new harvesting plan which shows that the harvesting level in the own forest will increase over [...]

Germany’s biggest sawmills expected to rise production this year despite pandemic

Last year, Germany’s biggest sawmills again raised their cutting volume. As to 2020, companies are optimistic, too, despite the [...]

Stora Enso reports sharp drop in Q2 Wood Products’ division sales

Stora Enso's Wood Products division sales decreased by 16% in the second quarter yoy, or by EUR 65 million [...]

Vietnamese wood products exports recover with a 10% yoy growth in June

Vietnam earned nearly 5 billion U.S. dollars from exporting wood and wood-based products in the first half of [...]

Holmen to become a player in the CLT industry with the acquisition of Martinsons

On Thursday, July 16, Holmen announced the news that the Group has signed an agreement to acquire the family-owned [...]

Canada log export to Japan plunge, possible TPP violation

Log exports from Canada to Japan have dropped in recent months despite a side deal to the Trans-Pacific Partnership [...]