International Monetary Fund upgrades 2024 global growth forecast to 3.2%; highlights widening gap between rich and poor countries.
Production
Beijing pours funds into factory production to mitigate past economic slowdowns and stimulate growth.
March data reveals a slight dip in building permits and housing starts, yet year-over-year figures remain stable.
Sales in the wood product industry decreased by 0.2% from January.
With an increased annual capacity of 600,000 tonnes of folding boxboard, the BM1 is Europe's largest and most modern of its kind and is run with 98% renewable energy.
Sweden's area notified for felling in March 2024 decreased 13%, compared to March 2023. The area regarding applications for permits for final felling in montane forests decreased to barely one twelfh, compared to the same month last year.
Metsä Fibre’s Rauma sawmill in Finland turns out a maximum of 40 logs per minute on a 130-meter sawline, reaching speeds up to 250 meters per minute.
Unexpected rise fueled by construction and automotive sectors.
Statistics Canada highlights strong start to 2024.
Meanwhile, in the first two months of the year, lumber prices began to increase in the main export markets.
However, the production volume was 3% lower than the pre-sanction levels.
The cumulative harvest for January and February decreased 3% from the previous year but aligning with the five-year average.
The additional equipment will increase the production of facial tissue by 25%.
Canada's lumber production decreased 22.6% from November to 3 432.4 thousand cubic metres in December 2023.
Metsä Group’s tissue and greaseproof paper business is investing in three new state-of-the-art converting lines for folded and rolled tissue paper to its mill in Mariestad, Sweden.
The area notified for felling in January decreased 21%, compared to January 2023. The area regarding applications for permits for final felling in montane forests however, increased by 20%, compared to the same month last year.
Roundwood removals decreased last year, totalling 69 million cubic metres. Log removals decreased by 9% and pulpwood removals by 8%.
Russian plywood exports to the U.S. have plummeted by 68% compared to pre-sanction levels.
VMG Lignum Construction has begun operations with plans to produce Euro 150 million of products a year for Scandinavia, North America, Australia, and major European markets.
The total value of building permits for 2023 decreased by 14%.