San Group Inc.’s sawmill under construction at Port Alberni in British Columbia is well on schedule for its March 2020 completion date, the company said in an update. San Group originally announced in December 2018 that it would build a new mill on a site next to Catalyst Paper, but…
Sarawak Deputy Chief Minister, Datuk Awang Tengah Ali Hasan, said Sarawak will focus on planted forests and high value-added products for its timber industry in view of declining resources from natural forests. He also said the state was targeting one million hectares of planted forests by 2025 which will become…
Swedish sawmills delivered less softwood lumber to European destinations in the first eight months of 2019 (-7%). By contrast, deliveries to Africa (+ 12%, ~ 1.5 million m3) and N. America (+ 29%, ~ 300,000 m3) increased significantly. In August alone, Swedish softwood lumber exports showed a slight decline. From January to…
After indefinite closure in September, Canadian timber company Tolko Industries has now announced the definitive closure of the Kelowna sawmill in British Columbia. The closure will take place on 8 January 2020. Tolko acquired the 2004 sawmill from Riverside Forest Products. It has a production capacity of 125 million board feet, equivalent…
UK tropical and other timber importers were urged to evaluate the impacts for their businesses of a no-deal Brexit and prepare accordingly at October’s UK Construction Week (UKCW) exhibition. At the UKCW, the biggest UK building industry show, the UK Timber Trade Federation (TTF) and the country’s EU Timber Regulation…
The European economy is now in its seventh consecutive year of growth and is forecast to continue expanding in 2020 and 2021. Labour markets remain strong and unemployment continues to fall. However, the external environment has become much less supportive and uncertainty is running high. This is particularly affecting the…
Robust signs since the outset of the year have made Vietnam’s timber and forestry sector confident of gaining 11 billion USD in export revenue in 2019, beating the target of 10.5 billion USD, Vietnam News reported. Director General of the Vietnam Administration of Forestry Nguyen Quoc Tri stated that the…
Sappi Limited announced that all conditions precedent relating to the acquisition of the Matane high yield hardwood pulp mill in Quebec Canada from Rayonier Advanced Materials have been fulfilled and closing has been completed. The acquisition will increases Sappi’s pulp integration for its fast-growing packaging businesses in both North America…
Canadian lumber production increased 3.0% from July to 4 628.8 thousand cubic metres in August. Production was 15.8% lower than in August 2018. Sawmills shipped 4 776.5 thousand cubic metres of lumber in August, up 3.3% from July and down 17.9% from August 2018.
Metsä Group’s Q3 net result falls to €75.9M from year-ago €169.9M, on sales down 0.9% to €1.37B; results driven by lower pulp prices in Europe and China, weak demand for sawn timber, veneer products, while softwood pulp prices slightly up. January-September 2019 (1-9/2018) · Sales were EUR 4,183 million (4,290). ·…
