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Companies in the timber industry

The Ukraine war is causing shortage in Europe’s pallet supply

The Russian invasion of Ukraine has proven disastrous for the thousands of Ukrainians who have lost their lives and the [...]

Setra’s Q1 earnings boosted by higher prices and strong market

Swedish wood products company Setra has reported an operating profit of SEK 480 million or EUR 46 million (Q1/2021 [...]

Lost Russian supply forcing Estonian companies to buy expensive wood from Nordics

Replacing timber previously imported from Russia, Belarus and Ukraine cannot happen overnight, while the material is more expensive in Europe [...]

Canfor to invest $130 million in Arkansas sawmill

Canfor Corp. announced plans to invest $130 million to modernize its sawmill and planer facility in Urbana, Arkansas.   [...]

Stora Enso to sell its sawmills and forest operations in Russia

Stora Enso has entered into an agreement to divest its two sawmills in Russia. The company’s Nebolchi and Impilahti [...]

Swedish wood industry expects large rise in exports to China and the USA in the next 3 years

When the Swedish wood industry looks to the next three years, a large increase in exports is forecast. China and [...]

Segezha’s oligarch on the list of British sanctions

The Russian timber giant Segezha Group is unaffected by the British sanctions against Vladimir Evtushenkov that came into effect on [...]

European wood flooring market: Geopolitical turmoil impacts supply conditions in Q1/2022

The European wood flooring markets show diverse evolutions for the first quarter 2022 compared to the same period last year [...]

Encouraging revival in Italian hardwood market

One of the more encouraging, not to say surprising, hardwood market trends in 2021 was a strong revival in demand [...]

Weyerhaeuser to acquire Carolina Timberlands for US$ 265 million

Weyerhaeuser Co. has agreed to purchase 80,800 acres of high-quality timberlands from a fund managed by Campbell Global [...]