For the period from January to August, the total area of notifications and applications dropped by 14%.
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This decline in wood product sales contrasts with the overall manufacturing sector in Canada, which saw an increase in July.
Slated for completion in 2026, the project will enable Kruger Kamloops to ramp up production of ultra-clean pulp from 43,000 MT in its first year up to more than 115,000 MT annually in its third year and beyond.
Despite the monthly drop, year-over-year lumber production increased by 3.3%.
Sales of new homes at China’s largest property developers declined at a faster pace in August.
With the investment in the new Siempelkamp plant, S.Kijchai Enterprise is increasing its production capacity for MDF at its headquarters to 500,000 m³.
A key factor driving the crisis is a shortage of new housing.
The value of wood and forest product exports is expected to reach $25 billion by 2030.
The cumulative harvesting from January to July remained at the same level as the previous year.
Additionally, Sierra Pacific has established a new conifer seedling nursery that will, at full capacity, grow 25 million seedlings per year.
On a year-to-date basis, single-family starts have increased by 11.4%.
Efforts by Beijing to boost consumer spending and address housing challenges show limited impact.
The site has the very latest high-tech plant and equipment capable of manufacturing up to 200,000 tonnes of corrugated sheetboard per year. The production line runs at a speed of 400 metres per minute.
When fully operational, it will be the world’s largest single-line eucalyptus pulp mill with an annual production capacity of 2.55 million tons.
Year-to-date removals in Finland fall 1.2 million m3 behind 2023 figures.
Year-over-year lumber production increased 9.1%.
The previous lowest housing starts were in 2009.
The boxboard operating rate was 88.5%, up 2.5 points from the same quarter last year and up 0.7 points year-to-date.
U.S. containerboard production in Q2 2024 increased 7% compared to Q2 2023. It was up 7% when compared to the same 6 months of 2023.
The growth rate of furniture production in China slowed in June compared to May.