During January-May 2020 Russia’s export of sawn timber made 7.3 mn tons, down 9.8% year-on-year. According to the Russian Federal Customs Service’s statistics (Rosstat), in terms of value, sawn timber export was down 9.1% making $1.7 bn. Logs export decreased by 21.4% year-on-year down to 5 mn cbm worth $353.8…
Peru’s Exporters Association (ADEX) has reported that between January and April, Peruvian wood product exports were down around 35% to US$26.5 million FOB. In the same period last year exports were worth US$41 million. In the same 4 month period exports of semi-manufactured products accounted for over half of all…
Housing starts in the United States jumped 17.3% to an annual rate of 1,241,000 in June compared to May’s revised figure, landing slightly above estimates, according to data released by the US Census Bureau on Friday. On an annual basis, US housing starts diminished by 2.5% in the same month….
Chairman of the Association of Indonesian Forest Concessionaires (APHI), Indroyono Soesilo, has called for more efforts by the Indonesian embassies in Europe to identify market opportunities for wood products. He pointed out that the European Union is the fourth largest export destination for Indonesian forest products after China, Japan and…
Holmen signed an agreement to acquire Martinsons, one of Sweden’s leading players in sawn and processed wood products. The purchase price is SEK 1.0 billion (EUR 96.6 million) for 100 per cent of the shares. The acquisition will almost double Holmen’s sales of wood products to over SEK 3 billion…
Södra’s operating profit during Q2 was stable given current market conditions. Deliveries were higher year-on-year, but prices for Södra’s core products were considerably weaker than in 2019. For the first half of 2020, operating profit totalled SEK 449 million (2,009), return on capital employed was 4 per cent (19) and…
On Friday 10 July, the last log at the Östavall sawmill in Ånge municipality has been sawn. The sawmill has been part of the forest owners’ association Norrskog since the 1980s and is today run by Norra Skog, which was formed during the spring through a merger between Norrskog and Norra…
UFP Industries announced that one of its affiliates acquired the operating assets of T&R Lumber Company and its affiliates, Sullivan & Mann and Kelmar Creations. Based in Rancho Cucamonga, California, T&R manufactures and distributes a range of products used primarily by nurseries, including plastic growing containers, pots and trays; wooden stakes;…
The Forest Owners Association (FOA) of New Zealand was overjoyed with the announcement from the Ministry of Business, Innovation and Employment (MBIE) of ‘Buildings for Climate Change.’ According to FOA President Phil Taylor, who has been waiting 3-years for this announcement, “Even though the MBIE announcement, just out, doesn’t mention…
The volume of wood products exported by Ghana during the first quarter of 2020 totalled 54,022 cu.m earning Euro 26.58 million. Compared to the 2019 figure of 80,139 cu.m (Euro 41.76 million), the volume and value of exports were down by a third in the first quarter of 2020. Which…
