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Greif, Inc. announces an agreement to sell 69,200 acres of timberlands in southwest Alabama to Weyerhaeuser Company for approximately $149 million in cash. Proceeds from the transaction will be applied to debt repayment...... [more...]
Following the Decree on VNTLAS, The Ministry of Agriculture and Rural Development (MARD) issued Decision No. 4832/QD-BNN-TCLN dated November 27, 2020 announcing the List of timber species which have been imported into Vietnam...... [more...]
Despite special circumstances in 2020, Association of European Producers of Laminate Flooring (EPLF) has announced that their members were able to grow their business by 2.74% in comparison to 2019, with 459.0 million m² of flooring sold...... [more...]
For the 4Q 2020, Canfor Corporation reported operating income of $419.6 million, $120 million higher than operating income of $299.6 million in the 3Q 2020. Reported results for the 4Q 2020 include a net duty recovery of $95.5 million...... [more...]
A study has identified the potential of hardwood as a substitute for softwood. The results are available in a brochure from the German Agency for Renewable Raw Materials (FNR). There is considerable potential for hardwood to be used in industrial wood, but it is not yet an option as a substitute for coniferous wood in construction...... [more...]
Valmet and Metsä Fibre have finalized the agreement for the key technology delivery covering all main process islands and automation systems for Metsä Fibre's Kemi bioproduct mill in Finland....... [more...]
Sales of new U.S. homes rose in January by more than forecast to a three-month high as buyers took advantage of attractive mortgage rates that are now starting to increase...... [more...]
U.S. lumber prices have skyrocketed more than 180% since last spring, and this price spike has caused the price of an average new single-family home to increase by $24,386 since April 17, 2020...... [more...]
The German producer price indices for spruce showed an upward trend almost continuously in November 2020, with one exception: Spruce B sections remained true to their negative course with -0.8% to a level of 71.7 points compared to the previous month. Various other ranges... [ more...]
Claude Schnepf heads Scierie et Caisserie de Steinbourg, one of the leaders in the beech market in France with 75,000 m3 processed annually, a capacity which will soon increase to 100,000 m3 thanks to a major investment program. The company exports 70% of its turnover outside the EU (€ 21m in 2019), mainly to China, a market that Claude Schnepf has known for 25 years...... [ more...]
The strong local and global demand for sawn timber in the DACH region is largely responsible for the – partly long-awaited – increase in prices for roundwood. While increases in the high single-digit to low double-digit range are currently being reported for spruce from Schleswig-Holstein via Bavaria to Tyrol and... [ more...]