Gross margins declined in Q1 2020 due to lumber price volatility at the beginning of 2020.
The biggest declines were seen in the US South, Russia, and Latin America, where hardwood pulplog prices were down 5-10% from the 4Q19.
The orders from international customers down by 19.4%, while domestic demand fell 25.3%.
Sales in the domestic market was 13.5% lower, reversing the trend of an index that had been positive for five years. Exports recorded 8% reduction.
According to the standard procedure in a crisis situation, all planning at the Latvijas Finieris Group is currently carried out in the short term, responding to rapidly changing external conditions and making operative decisions for the coming weeks. Mārtiņš Lācis, Head of Marketing, Sales, Purchasing and Logistics inf...
HNI Corporation is providing an update related to the ongoing COVID-19 pandemic crisis. At the end of the 1Q 2020, the Corporation had $233 million in total debt, representing a gross leverage ratio of 1.0x as calculated under the Corporation’s lending agreements, which is well below the 3.5x gross leverage covenant in...
Softwood lumber price in China decreased 13.5% to $161 per cubic meter in January-February 2020.
About 28 million m3 was unloaded at the country’s ports last year.
VDMA expects 5% decrease of real production in 2020 amid virus outbreak.
According to Germany's Mechanical Engineering Industry Association, weak industrial production worldwide and growing protectionism have left their mark on the export balance of mechanical engineering companies from Germany.
Wood pellet sales volume has risen by 19.5% to 3,564 thousand tonnes.
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.