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Companies in the timber industry

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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.   [...]