For much of the past decade, Europe's sawmilling industry operated under a simple assumption: demand for wood products would continue to expand, forests would remain a reliable source of raw material, and investments in additional processing capacity would eventually be absorbed by the market. Cheap financing, exceptionally strong timber demand during the pandemic and record profitability reinforced that belief. Across Northern and Central Europe, companies modernised existing mills, expanded production lines and, in some cases, built entirely new facilities.
Why Europe’s sawmills can no longer outrun market reality?
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