Wood market news and analysis, lumber prices

UPM has set a target to increase the amount of deadwood in its commercial forests from the current level of about 5 m3 per hectare to 10 m3 per hectare. In UPM's protected areas and commercial forests where a specific nature management target has been set, the deadwood target is 20 m3 per hectare.

SCA announes that preparatory work has been underway and at the end of September/October the actual dredging work will begin. Wasa Dredging is contracted to carry out the dredging work. The entire project with a new container port is expected to be completed by the end of 2023.

GreenFirst Forest Products Inc. announced the closing of $140 million in financing from the Bank of Montreal in Canada. The financing includes a $125 million asset-backed revolving credit facility and a $15 million term loan.

The President of Acimall, the association of Italian manufacturers of furniture and wood technology, Luigi De Vito succeeds Jürgen Köppel as President of Eumabois, European Federation of Woodworking Machinery Manufacturers.

The three orders are linked to the existing framework agreement signed between RemaSawco and Moelven Timber in June this year. This framework agreement, which has a term of up to and including September 2022, can result in a business volume of a maximum of SEK 27.4 million ($2.4 million).

Trex Company adds its long-time distributor partner Snavely Forest Products to its South Central network. With this expanded partnership, Snavely will supply Trex products throughout Texas and the surrounding markets through its distribution centers in Dallas and Houston.