B.C.’s big 3 lumber giants still making good profits
B.C.’s big three forestry giants had lumber and other wood product sales of $6.5 billion in the [...]
August 10, 2022
Companies in the timber industry / Daily News / Global Trends / Market Analysis / Forestry / Lumber / Sawmilling / Wood Products / Global / North America
West Fraser Timber to cut production capacity at three mills in Canada
West Fraser Timber is permanently curtailing approximately 170 million board feet of combined production at its Fraser Lake and Williams [...]
August 10, 2022
Companies in the timber industry / Daily News / Global Trends / Forestry / Lumber / Sawmilling / Wood Products / Global / North America
Kährs evaluates possible divestment of its operations in Russia
Kährs has, due to the prevailing market conditions, started a process to evaluate the possibilities and conditions for divesting [...]
August 10, 2022
Companies in the timber industry / Daily News / Wood flooring / Wood Products / Europe / Global / Russia
Homag’s order intake exceeds EUR 1 billion in H1/2022
In the first six months of 2022 (6M-2022), the Homag Group’s order intake increased by 18 percent compared [...]
August 9, 2022
Companies in the timber industry / Daily News / Global Trends / Wood Products / Wood-based panels / Woodworking machinery / Europe / Global
Drax increases stake in B.C. wood-pellet industry to 78%
The United-Kingdom-based power producer Drax Group Plc is increasing its hold on British Columbia’s wood-pellet industry [...]
August 8, 2022
Companies in the timber industry / Daily News / Global Trends / Market Analysis / Wood pellets / Wood Products / Europe / Global / North America
Latvijas Finieris plans to invest €67 million in birch plywood capacity expansion
The management of "Latvijas Finiera" has made a decision to start an ambitious expansion project of RSEZ SIA "Verems", which [...]
August 8, 2022
Companies in the timber industry / Daily News / Global Trends / Statistics / Wood Products / Wood-based panels / Europe / Global
U.S. cuts softwood tariffs in half for Canadian lumber as trade dispute continues
The US Commerce Department is cutting tariffs against most Canadian softwood lumber producers by half, but the long-running trade [...]
August 5, 2022
Companies in the timber industry / Daily News / Global Trends / Market Analysis / Forestry / Lumber / Sawmilling / Wood construction / Wood Products / Global / North America
BSW Group to close a sawmill
Citing a downturn in demand across the global timber industry, the war in Ukraine, and increasing energy costs, the BSW [...]
August 5, 2022
Companies in the timber industry / Daily News / Global Trends / Forestry / Lumber / Sawmilling / Wood Products / Europe / Global
Finland warns energy crisis could curb forest, chemical industry, close factories
Finland's forestry and chemical industry companies are currently doing everything they can to find alternatives to natural gas before [...]
August 2, 2022
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Egger reports record production levels; outlook challenging
Despite the challenging conditions Egger Group recorded a strong increase in sales turnover in 2021/2022 financial year. [...]
August 2, 2022
Companies in the timber industry / Daily News / Global Trends / Market Analysis / Wood flooring / Wood Products / Wood-based panels / Europe / Global