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Companies in the timber industry

Russia suspends ”timber trains” to China, amid fears of coronavirus spread

   Since January 31st, all railway transport between Russia and China is suspended except for Beijing-Moscow round-trip [...]

Estonia: Warm winter is impeding logging activity

   Logging activity in Estonia is currently disrupted, due to the unusual warm and snowless winter;   While [...]

Conifex completes sale of all U.S. sawmills to Resolute Forest Products

Conifex has officially closed its previously announced transaction with Resolute Forest Products for the sale of its U.S. sawmill [...]

IKEA to close its stores in mainland China due to coronavirus outbreak

   IKEA has decided to close its stores in mainland China due to the coronavirus outbreak, until further notice [...]

Arauco to close particleboard line in North Carolina

   Arauco announced it will close its particleboard line in Moncure, North Carolina, effective April 2020.     [...]

Stora Enso’s sales drop in 2019; cites challenging market conditions

    Despite achieving a turnover in excess of €10bn, each of Stora Enso’s group operations – packaging [...]

UPM to invest more than half a billion euros into a biorefinery in Germany

UPM plans to enter the biochemicals business by investing in a biorefinery at Leuna, Germany.    The [...]

UPM might close Chapelle mill in France

In September 2019, UPM announced plans to sell its Chapelle newsprint mill in Grand-Couronne, France.      [...]

Central European bark beetle crisis puts pressure on Estonian timber prices

   Timber prices in Estonia have started rapidly falling from their spring-time high;   Estonian wood prices [...]