The difficulties facing Europe’s wood industry extend to small and medium-sized businesses, where weak construction demand, high procurement costs and financing commitments leave less cash available to absorb losses. Alongside the closure announcements from large forest-products groups, regional sawmills, timber merchants and joinery manufacturers have entered insolvency and restructuring proceedings in recent months.
Europe’s sawmill downturn takes a toll on smaller businesses as insolvencies and bankruptcies spread
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