Crisis growing in the Irish forest industry
According to the Construction Industry Federation (CIF), Ireland’s forest industry remains in crisis. Delays in issuing licenses needed to [...]
February 1, 2022
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High prices in the German wood market
In November 2021, German forest owners increased their income from the sale of spruce logs by around 50%. Overall, producers [...]
January 31, 2022
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China’s 2021 logs and lumber imports rise in value thanks to higher prices
In 2021, the value of China's lumber imports reached 7.179 billion US dollars, while the value of log [...]
January 31, 2022
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Stora Enso’s Wood Products division posts record results driven by high prices
Nordic forest products giant Stora Enso has reported an 83% growth in annual pre-tax profits [...]
January 31, 2022
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UPM sees headwinds from disrupted supply chains
Finnish forestry company UPM said on Thursday it sees headwinds and extra costs ahead from disrupted global supply chains, leaving [...]
January 31, 2022
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US lumber plunges for seventh day on demand fears, supply chain chaos
US lumber futures tumbled by the exchange limit to $1,053.70 per 1,000 board feet on the Chicago [...]
January 27, 2022
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Western Forest Products will temporarily close one of its sawmills due to log shortage
Western Forest Products is considering curtailing operations at its Chemainus sawmill starting next week due to a log shortage. [...]
January 27, 2022
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Japanese Sumitomo buys timberlands in New Zealand to export logs to China
Sumitomo Corporation has acquired timberland in the North Island of New Zealand through its local subsidiary company Summit Forest New [...]
January 27, 2022
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Northern European sawmills have some of the lowest sawlog prices in the world
Record-high lumber prices in North America and Europe have moved both demand and sawlog values to some of the [...]
January 26, 2022
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Tense roundwood supply and felling bans impact the German hardwood industry
The business situation of hardwood sawmills in Germany has been developing remarkably positively for a few weeks now, as the [...]
January 26, 2022
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