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Companies in the timber industry

The Russian invasion, Covid and inflation overshadow the outlook of the Finnish sawmill industry

The uncertainty caused by the Ukraine war is also reflected in the demand for Finnish lumber. Uncertainty in the market [...]

HS Timber buys sawmill in Finland

  HS Timber Group, formerly known as Holzindustrie Schweighofer Group, has acquired 100% of the shares in the Finnish [...]

Global supply-chain congestion may be showing signs of easing

Port bottlenecks that have increased supply-chain congestion because of the war in Ukraine and lockdowns in China may be [...]

High demand and prices lead to record first quarter for Moelven

The international market situation for wood products and rising prices are contributing to a strong start for Moelven in 2022 [...]

Bauwerk Group acquires Somerset Hardwood Flooring

Swizerland-based Bauwerk Group AG has announced the acquisition of Somerset Hardwood Flooring, a vertically integrated forest products company based [...]

Russian timber companies ask for state support due to sanctions

Russian business associations "Opora Rossii" and "Business Russia" sent a set of proposals to Deputy Prime Minister Victoria Abramchenko on [...]

Metsä Group reports profit jump Q1/2022

Metsä Group's net sales for the first quarter increased by almost EUR 200 million to 1.59 billion. The [...]

Stora Enso’s Wood Products division posts record Q1/2022

During the first quarter, Stora Enso's Wood Products division reported record results in sales and operational EBIT.   [...]

Shanghai blockade could make Europe face ‘logistics nightmare’

Although there are signs that Shanghai port congestion is easing, European business could face a "logistics nightmare".    [...]

Ponsse removes Russian orders for Euro 109 million from order book

The crisis in Ukraine has a significant impact on Ponsse’s operations and finances, company said in its 1Q 2022 [...]