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January 9, 2023

Energy crisis and inflation still driving global timber industry production cuts, shutdowns

Since the third quarter, Europe has been caught in the vortex of the energy crisis. For the wood industry, especially the paper industry and other large electricity consumers, it is even worse. In addition, as the European construction market began to be affected by inflation, a large number of timber companies have reduced production, laid off employees and stopped production.    Earlier, Paper Excellence announced that its paper mill in Crofton, British Columbia, would reduce production for two weeks starting September 10. At the end of September, the wood company Sveaskog also announced that it has increased ...

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