The upgrade of MEDITE SMARTPLY’s OSB factory in County Waterford, Ireland is on schedule. Initial forecasting showed project completion in 2Q of 2022 for which the outlook remains positive.
Coronavirus
The share of Americans who are considering the purchase of a home in the next 12 months was 15% in the 4Q 2020, 4 percentage points higher than a year earlier and the largest year-over-year gain in the three-year history of this series.
To meet the increasing needs of packaging tailored for take away and home delivery, AR Packaging is developing a full range of sustainable solutions. Two different snack boxes are good examples of patented carton-based packaging which are ideal for these applications and can help reducing the use of plastic packaging.
Cosmo Specialty Fibers (Cosmo) began the employment recall processes, progressing toward full operations in early February 2021. After temporarily suspending operations in May 2020 due to slowing global economies, Cosmo has continued to satisfy strategic customer demand through planned inventory and is now experiencing...
In September, the Government of Canada launched the $30-million Forest Sector Safety Measures Fund program to offset additional COVID-19 health and safety costs for small- and medium-sized forestry companies.
Deutsche Messe, the event organizer, cites the ongoing pandemic, tightening restrictions and renewed isolation as the reason for the postponement of the trade fair.
The increase in the lumber price over this year put the value of the U.S. home higher by $40,000, says Keta Kosman, the publisher of Vancouver based Madison’s Lumber Reporter. She forecasts a very strong lumber market and U.S. housing all the way to the end of 2020.
G. Siempelkamp GmbH & Co. KG has announced a restructuring program which will help to sustainably strengthen the company's competitiveness in a difficult global market environment. It is planned to adjust the personnel structure at the Krefeld location of Siempelkamp Maschinen- und Anlagenbau GmbH and Siempelkamp Masch...
As people are eager to get out of the cities due to COVID-19, the demand for small rural timberland parcels in the U.S. has increased. In the first half of 2020, Domain Timber Advisors, a subsidiary of Atlanta-based Domain Capital Group, closed 29 land sales with the average tract size of just 350 acres. Joe Sanderson,...
According to Acimall, the Confindustria member association of wood-furniture technology companies, international demand decreased 34.2% and domestic demand collapse 59.2%.
The exhibition is postponed due to the long-term uncertainty of the lifting of travel restrictions by the Government of Indonesia due to the situation with COVID-19.
The Coronavirus Epidemic has negatively impacted the supply chains for numerous industry sectors worldwide the past few months. Many commodity products saw reduced trade during March and April, a result of reduced demand, closures of manufacturing facilities to protect workers, constraint in the handling capacity of go...
With improved market conditions, Mosaic Forest Management is resuming operations with the priority being on a safe return to normal levels of operations with due consideration to provincial health guidelines related to COVID-19.
Verso will indefinitely idle paper mills in Duluth, Minnesota, and Wisconsin Rapids, Wisconsin, while exploring viable and sustainable alternatives for both mills, including restarting if market conditions improve, marketing for sale or closing permanently.
In the first two months of 2020 the total export value of US hardwoods to China and Southeast Asia was US$241.5 million, down 7.6% compared to the same period of 2019
Last 2019 year was marked by significant uncertainty in the world’s market, especially of developed countries, and mainly because of recurring economic fluctuations and total slowdown of development. It resulted in less demand and bigger competition in industrial birch plywood product segment. Despite of this Latvijas ...
Mercer International Inc. reports that its Celgar mill in British Columbia, Canada, in addition to regularly planned maintenance downtime of five days, will be taking approximately 30 days of additional downtime (aggregate 52,000 ADMTs) in July 2020.
Conifex Timber Inc. will further extend the temporary curtailment of operations at its Mackenzie, British Columbia, Canada sawmill for an additional five weeks to July 6, 2020, as the impacts of the COVID-19 pandemic continue to adversely affect global demand for forest products.
Ghana exported a total of 35,508 m3 of wood products in the first two months of the year which earned Euro 17.64 million a decline of over 30% in volume and value. The comparable figures for 2019 are 53,171 m3 valued at Euro 28.04 million.
Södra has now ended the furlough scheme introduced at the sawmill in Hamina, Finland, in April due to reduced demand from the UK, in particular, related to the ongoing pandemic. All of Södra’s sawmills have therefore resumed their normal production rates.