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). ·…
Stora Enso’s 3Q 2019 sales decreased 7.1% or Euro 183 million from last year’s record high level to Euro 2 402 million. Significantly lower pulp, containerboard and sawn goods prices, with significantly lower paper deliveries and the divestment of Dawang Mill in China were only partly offset by positive sales…
Total UK tropical wood product imports in the first half of 2019 were up 13% to 312,000 tonnes. Biggest increases were seen in mouldings and decking, 56% ahead at 6,900 tonnes, flooring, up 42% to 1,500 tonnes, sawn timber, up 20.6% to 36,000 tonnes, wood furniture up 15.4% at 108,620…
European softwood lumber shipments to the US have reached levels unseen since before the global financial crisis. Exports almost doubled in the first eight months of the year, with the Netherlands, Germany and Sweden leading the way. As the Canadian companies, which used to send most of the softwood lumber to…
After a reasonable start to the year, UK tropical timber importers report a marked slowdown in business in recent months which they attribute to market nerves surrounding the country’s still unresolved future relationship with the EU. Despite a “do or die” pledge by the prime minister to ensure the UK…
Resolute Forest Products Inc. reported a net loss for the quarter ended September 30, 2019, of $43 million, or $0.47 per share, compared to net income of $117 million, or $1.25 per diluted share, in the same period in 2018. Sales were $705 million in the 3Q 2019, a decrease…
