Archives: April 2023

UPM Plywood to restructure its organization and scale its operations

UPM Plywood is planning an organizational reform and adaptation of operations to reflect the reduced production capacity and the weakening [...]
April 29, 2023 Latest Trends

China: Timber imports fall in Q1/2023; prices follow the trend

In the first quarter of this year, China's total timber imports reached 15.8 million m3, Slightly lower than [...]
April 27, 2023 Latest Trends

Lithuanian UAB Juodeliai invests in expansion of production facility in Marijampolė

The Lithuanian wood processing company UAB Juodeliai plans to build a second facility next to the production facility of pallet [...]
April 27, 2023 Latest Trends

Forecast: US lumber prices stuck in a range as signs of bottoming emerge

-US lumber prices have crashed by over 70% from last year’s high. -This decline is mostly because of [...]
April 27, 2023 Latest Trends

Kronospan to build new OSB plant in Alabama

Kronospan announced on Tuesday that it will begin construction of a new, state of the art, Oriented Strand Board (OSB [...]
April 27, 2023 Latest Trends

Setra reports negative Q1/2023 due to low prices and high costs

Swedish timber company Setra reported an operating loss of €5.64 million for the first quarter of 2023. A year [...]
April 27, 2023 Latest Trends

Latvijas Finieris to boost plywood production at Verems plant

Raute Corporation has signed a contract worth Euro 29 million with Latvijas Finieris for the delivery of technology to a [...]
April 27, 2023 Latest Trends

US South reports record lumber production

For years, the US South has continued gaining market share of North American lumber production. That production has now hit [...]
April 26, 2023 Latest Trends

Czech Republic: Export of logs fall sharply due to bark beetle retreat; sawmills boost processing

For years, the Czech Republic has been the largest exporter of raw wood in the European Union. Last year, however [...]
April 26, 2023 Latest Trends

Structurlam files for bankruptcy, plans to sell assets to Mercer

Structurlam Mass Timber Corp., a Canadian mass timber manufacturer with holdings in Arkansas, announced Monday (April 24) plans to sell [...]
April 26, 2023 Latest Trends