The Estonian mill will add and modernize veneer and plywood production lines, with start-up scheduled from autumn 2027.
Strategy
The additional capital will fund selective acquisitions and value-creation projects across existing and future timberland holdings.
The mill will start at 80 million board feet annually and reach 108 million board feet at full capacity.
NPCE subsidiary in Hungary faced EV market slowdown and intensifying global competition.
The planned closure will remove about 110 thousand m3 of annual lumber production.
The funding will support wood-product processing, innovation, workforce development, plantations and timber import compliance.
The mill, formerly operated by Domtar, was idled in 2024 after the company announced plans to close the facility.
The new company is planned to take over UPM’s plywood business after the October demerger and is expected to begin trading in November.
Georgia timberland owners lose buyers as mill closures cut 3% of U.S. containerboard capacity.
The plan aims to expand domestic wood supply after softwood log imports fell from 12.2 million m3 in 2000 to 1.6 million m3 in 2025.
The closure affects workers, families and businesses on British Columbia’s Sunshine Coast.
Funding will connect private forest owners with businesses using mill by-products and underused wood.
The proposal would return decisions on inventoried roadless areas to local national forest managers under existing laws and planning rules.
The project will test prefabricated structures designed for transport, rapid assembly and cold-weather deployment.
Canadian softwood lumber producers expect difficult conditions through 2026 as weaker demand, production curtailments and U.S. trade costs pressure operations.
The company aims to improve profitability, speed up decision-making and consolidate its Nordic supply chain.
Global overproduction in man-made cellulosic fibres undermines premium pricing for responsible production.
Production to shift to Oulu and Kalajoki sawmills as change negotiations cover 60 employees.
Existing U.S. builders posted lower deliveries and prices, while timber manufacturing turned loss-making even as housing volumes rose in Australia and Japan.
A full quarter of acquired operations and increased real-estate sales outweighed weaker Southern timber prices.