Forest Products Association of Canada (FPAC) issued a statement signalling the sector’s serious concern over disruptions to Canada’s rail transport system.
The entire forest industry would be paralyzed for two weeks, since the strikes are targeted at 110 factories and companies in Finland.
The Lenzing Group’s preliminary, unaudited results for 2019 lead to a full-year revenue of Euro 2.11 billion (2018: Euro 2.18 billion), an EBITDA of Euro 327 million (2018: Euro 382 million) and a net profit of Euro 114 million (2018: Euro 148 million).
The latest US housing starts data showed continued improvement. Such a strong end to what turned out to be a pretty good year for North American construction framing dimension softwood lumber prices - after a terrifying start - bodes well for 2020.
These curtailments will remove almost 58 million board feet of production output and are in addition to all previously announced capacity reductions.
Enviva's co-founder and executive vice president of sales and marketing Thomas Meth says the global production of pellets will grow to 57 million tons by 2028. This will be facilitated by growing demand in Asian markets - only in Japan, the demand for pellets will exceed 7.7 million tons per year by 2028.
The growth of the construction market in the USA and China, as well as the geopolitical situation in the MENA region will stimulate an increase in lumber production in Europe.