Logs Market News

Logs

Wood processing company UAB Juodeliai, production unit in Marijampolė, and for the first time in the Baltic States, has been equipped with a tomograph that will allow raw wood to be used even more efficiently. This investment of over Euro 3 million.

In the first half of 2022, Precious Woods' sales growth was 15.2% over the same period of the previous year, and EBIT fell by Euro 0.7 million. This result reflects the difficult economic environment and substantial corresponding cost increases.

As part of the Mercer Timber Products two-week summer revision, the existing roundwood measuring system on Log Yard 1 was revitalized. The installation of a completely new log measuring system, including new measuring chain conveyors, was accomplished in the shortest possible time thanks to a laser-scanning method.

Sawmills in the North-West of Russia began to stop production due to the inability to redirect supplies from Europe to the East. Since July 10, they have been unable to export to Europe due to sanctions imposed in response to Russia's invasion of Ukraine.

Investment companies are seeing a strong movement towards ESG type investments in forestry and natural resource assets. A lot of that demand is coming out of Europe as people are trying to meet their climate and carbon neutrality goals. Joe Sanderson, managing director and CEO of natural resources at Domain Timber Advi...