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Market Analysis / Wood-based panels / Europe
April 9, 2014

Kronospan worries that biomass expansion is increasing timber prices

Kronospan worries that biomass expansion is increasing timber prices
Austrian wood panel company, Kronospan, has launched a warning over the future of its business in the United Kingdom, with fears that biomass plants are fueling increases in timber prices, the Daily Post reported.    Representatives of the company, quoted by the British newspaper, say that the UK has seen a 10% surge in timber prices only in the first quarter of this year, with a price doubling recorded in the past 10 years. Thus, Kronospan’s plant in Chirk, Wales has already reduced exports, as market conditions are fierce and the competition with Central and Eastern ...

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