Stora Enso to strengthen its presence in France
Stora Enso has invested in ACDF Industrie SAS, becoming a 35% shareholder of the French wood [...]
May 10, 2022
Companies in the timber industry / Daily News / Global Trends / Wood construction / Wood Products / Europe / Global
Arauco to suspend operations at seven production units
Arauco, one of the world's largest forestry companies, announced its decision to halt operations at seven production units. [...]
May 10, 2022
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Russian factories continue to produce IKEA’s furniture under their own brands
Once IKEA left Russia, the local furniture factories continued to produce IKEA’s furniture under their own brands. [...]
May 9, 2022
Companies in the timber industry / Daily News / Global Trends / Industry Events / Furniture / Wood Products / Europe / Global / Russia
Japan’s lumber industry under pressure due to ban on Russian wood
The global lumber industry has been through a tumultuous period over the past year or so due to wood shortages [...]
May 9, 2022
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Willwood AB becomes Europe’s largest softwood flooring manufacturer
Swedish Willwood AB, owned by the Hermansson family, has acquired flooring manufacturer Stigma Hyvleri. This is [...]
May 6, 2022
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Mondi Group to sell its Russian assets
The board of Mondi Group announced its decision to divest the group’s Russian assets. According to the group, as [...]
May 6, 2022
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German timber industry expects tough times due to rising material prices and supply chain problems
The mood in the German timber industry has stabilized at a low level after the crash in the previous month [...]
May 5, 2022
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Strong lumber prices boost Canfor Q1 profits 25 percent
Canfor Corp. is reporting a 25 percent increase in net profits in its latest quarter on near record high North [...]
May 4, 2022
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Moody’s: Negative outlook for the forest products industry in the next 12 months
According to Moody’s, the paper and forest products industry’s EBITDA will decrease by 10-12% over the next [...]
May 4, 2022
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Interfor takes minority interest in GreenFirst Forest Products, continuing expansion in eastern Canada
B.C. lumber giant Interfor Corp laid the groundwork for additional expansion in Eastern Canada this week by buying a [...]
May 4, 2022
Companies in the timber industry / Daily News / Global Trends / Forestry / Lumber / Sawmilling / Wood Products / Global / North America