IKEA plans to sell its four plants in Russia
The Swedish retailer IKEA plans to sell its plants in Russia. The group said its retail [...]
June 16, 2022
Companies in the timber industry / Daily News / Global Trends / Furniture / Wood Products / Europe / Global / Russia
Skyrocketing wood prices in Japan due to Ukraine war
The war in Ukraine has inflated the cost of timber in Japan. Russia’s retaliatory measures [...]
June 13, 2022
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One of the largest Baltic wood product groups suspends business in Belarus
After stopping the construction of a new plant in Vitebsk, one of the largest wood and [...]
June 6, 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
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Russian imported plywood will be ‘hard to replace,’ says US hardwoods group
As of April 8, the U.S. has suspended normal trade relations with Russia and Belarus, immediately raising tariffs on [...]
April 26, 2022
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European veneer consumption rebounds sharply in 2021
Consumption of hardwood veneers in the EU27+UK was already falling in 2019 before the onset of the pandemic driven [...]
April 20, 2022
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Encouraging revival in Italian hardwood market
One of the more encouraging, not to say surprising, hardwood market trends in 2021 was a strong revival in demand [...]
April 19, 2022
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List of Russian wood products banned by the EU
The European Union has agreed on a new sanctions package, including an embargo on Russian wood imports for invading Ukraine [...]
April 13, 2022
Companies in the timber industry / Daily News / Global Trends / Market Analysis / Forestry / Furniture / Lumber / Sawmilling / Statistics / Wood flooring / Wood Products / Wood-based panels / Europe / Global / Russia
Companies in the German timber industry expecting tough times due to ongoing supply chain problems
The war in Ukraine causes the business climate index in the German timber industry to fall drastically. The current order [...]
April 7, 2022
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Latvia’s timber industry heavily impacted by trade suspension with Russian and Belarus
Sanctions of the European Union (EU) and other countries against Russia and Belarus will also affect the Latvian timber industry [...]
March 28, 2022
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