• Sawmilling October 29, 2014 10:23

    West Fraser reports improved Q3 results on gradual recovery in U.S. home construction

    West Fraser Timber Co. Ltd. has reported third-quarter net earnings of C$70 million, up substantially from C$55 million in the same 2013 quarter. The integrated company whose products include lumber, plywood, pulp and newsprint among others, said after markets closed Monday that revenues advanced to C$1.03 billion from C$878 million in the quarter... [more...]

  • Market Prices October 29, 2014 10:07

    Germany: KVH price falls; hardwood more expensive

    The German wood products price index registered some mixed developments in September. Except lumber and reserve square timber, all sawn timber assortments lost ground compared to August. The sharpest decline was recorded in KVH price, which had declined both as compared to August, as well as compared to September 2013... [more...]

  • Forestry October 29, 2014 08:49

    Latvia's forest industry exports increase 11.3%

    From January to August, exports of the Latvian forest industry increased by 11.3%%, reaching EUR 1.359 billion, compared to EUR 1.221 billion in the same period in 2013... [more...]

  • Wood energy October 29, 2014 07:56

    Rentech commences start-up of the Atikokan wood pellet facility

    Rentech, Inc. announced start-up of the Atikokan wood pellet facility has begun. During the next few weeks, the plant will undergo safety inspections, equipment testing and final commissioning... [more...]

  • Market Prices October 28, 2014 12:41

    Germany: Exports of pine planed lumber to the US collapse; those to Egypt boom

    German sawing and planing mills' exports of planed pine lumber went up in the first seven months of 2014. Compared with the reference period last year exports rose by +5% to 209,191 m³. The export value increased by +6%%. Declining shipments to the U.S. continued to become noticeable... [more...]

  • Market Prices October 28, 2014 10:06

    Japan: Weak yen to drive up cost of imported wood products

    The yen has been rapidly weakening in recent weeks, reaching almost 110 yen per dollar. The reason is expectation of strong dollar by coming higher interest rate in the U.S.A. Weak yen pushes cost of imported products. Wood products market has been suffering from declining demand after the consumption tax increased since last April and this is additional negative news for sluggish housing market... [more...]

  • Sawmilling
    Sawmilling October 28, 2014 09:31

    Kronospan to launch 350,000 m³ OSB plant in Russia

    Kronospan has launched its fourth Russian OSB mill in Eogorievsk, Moscow region (after Hillman, Novovyatsky LK and DOK Kalevala). The mill will have an annual capacity of... [more...]

  • Sawmilling October 28, 2014 09:08

    German sawmills' turnover declines in August

    In August, the sales of German sawmills have further declined. Total revenue was down -6.11% from the same month last year and amounted 328 million euro. Since June, sales have not reached the levels of the previous year... [more...]

  • Market Prices October 27, 2014 15:33

    Log prices rise in Lithuania

    The upward price trend recorded in Lithuanian softwood log prices which started in July continues in August. Except spruce price, which has stagnated, and small-softwood which has declined, prices for all logs have picked up as compared to the previous month... [more...]

  • Market Prices October 27, 2014 13:37

    Higher deliveries and prices of German beech logs to China

    German beech log exports to China rose sharply in the first even months of 2014, compared to the reference period last year. Log hunger in China is still at high levels, and explains the high demand for German logs. From January to July, Germany shipped 40% more beech logs to the People's Republic. Backed by an 8% increase in export price, the surge in value is even higher (+52%)... [more...]

special report

Comment: New EU energy deal to make Europe dependent on wood pellet imports

The new EU energy deal agreed last night has set some ambitious targets. A 27% quota for renewable energy will further make wood pellets an increasingly important source of energy. However, the ability of the EU countries to satisfy internal demand will not be able to keep up the pace with the expected 4-6 time rise in consumption, and will make Europe more and more dependent on imports, especially from the United States...[ more...]

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