Archives: December 2022

Stark Group enters UK market with acquisition of more than 600 branches of Saint-Gobain

Danish Stark Group A/S has signed an agreement to acquire Saint-Gobain Building Distribution Ltd, which operates more than [...]

Italy’s SAIB becomes part of the EGGER Group

EGGER acquires 60% of the shares in the Italian wood-based materials manufacturer SAIB. The purchase agreement was concluded on [...]

China: Hopes that Covid restriction easing would bring back wood demand

Several major Chinese banks have adopted a government led 16-point rescue plan to extend billions to struggling private developers [...]

Bark beetle blue timber not well received on the European market

    Swedish sawmills have received large quantities of timber attacked by spruce bark beetles, mainly in southern [...]

US homebuilders buy time with huge backlogs

The US housing market has fallen off a cliff, but for now, homebuilders are biding their time. As bad as [...]

Finland’s sawn timber exports on a downward trend

The export value of Finnish forest products in January-September reached 11.29 billion euros, a decrease of 6% compared [...]

Precious Woods to close sawmill in Gabon due to high costs

Unexpectedly high cost increases in Gabon have forced Precious Woods to take drastic measures to reduce costs in order to [...]

India: Weak log and sawn timber import market

Activity in Gandhidham is slow to recover after the Diwali holidays due to negative sentiment. Log importers and sawmills report [...]

Global container freight rates falling sharply

For more than two years the only way for container shipping prices was up. That trend is now reversing as [...]

High wood prices multiplied the profit of the Czech forest state company

The Czech state company Lesy České republiky (LČR) in the first three quarters of the year multiplied its gross [...]