The addition of Russell Plywood geographically expands Würth’s core woodworking business in Pennsylvania, Delaware, and New Jersey.
Plywood
Canadian wood product sector saw decline in January 2024, with a 3.3% decrease in sales, reaching C$3.029 billion.
For the 12-month period, Producer Price Index (PPI) increased by 1.6% y-o-y, the highest level since September 2023.
Imports of plywood to the United Kingdom slipped 1.8%.
However, the start of 2024 saw a downturn, with January exports falling 33% year-on-year.
The change negotiations cover approximately 820 persons in UPM Pulp Finland's operations, approximately 340 persons in UPM Timber sawmills and approximately 1,100 persons in UPM Communication Papers Finnish mills.
Imports of wood increased by 5% compared to the monthly average for the year 2022. The most important source of imported wood in December 2023 was Estonia (42%).
Once the investigation process is complete, the anti-dumping duties, as high as 15.8%, will be applied retroactively on all imports of birch plywood into the EU from 22 August 2023 and for all future imports from Kazakhstan and Türkiye.
Vietnam retained its position as China's largest veneer supplier, despite its share dropping to 46%.
By misdeclaring the species, country of origin, or harvest country of the wood, the couple managed to import these products into the U.S., thus violating federal laws.
Brazil remained the largest supplier despite a 35% decrease in volume.
Boise Cascade's outlook remains cautiously optimistic, closely tied to the residential construction sector's health, particularly new single-family construction.
The new machinery and equipment, slated for delivery between the end of 2024 and the start of 2025, will be sourced from Raute.
If the plan is realised, the maintenance operations would be integrated as part of Metsä Group’s wood products industry organisation Metsä Wood.
Russian plywood exports to the U.S. have plummeted by 68% compared to pre-sanction levels.
As Chief of Staff, Cybelle White will focus on aligning strategic initiatives, fostering communication and quick decision making, and executing projects on the CEO’s behalf.
In January, the unemployment rate was 3.7% for the third month in a row, and the number of unemployed people was little changed at 6.1 million.
The Province will help made-in-British Columbia (B.C.) manufactured wood products access new market opportunities with $250,000 to promote B.C.’s competitive and sustainable wood products suppliers.
On February 1, Magnus Andersson takes up the position as new CEO for Holm Trävaror AB. He replaces Karl Lindström, who has had the role of interim CEO.
Export value fell 15% as prices fell across the board.