Companies & Industry Events

Strong lumber prices boost Canfor Q1 profits 25 percent

Canfor Corp. is reporting a 25 percent increase in net profits in its latest quarter on near record high North [...]

Homag reports record order intake in Q1/2022

    In the first quarter of 2022, the Homag Group was able to further improve order intake [...]

Russian invasion, Covid and inflation overshadow the outlook of the Finnish sawmill industry

    The uncertainty caused by the Ukraine war is also reflected in the demand for Finnish lumber [...]

HS Timber acquires sawmill in Finland

    HS Timber Group, formerly known as Holzindustrie Schweighofer Group, has acquired 100% of the shares in [...]

Russian timber companies ask for state support due to sanctions

Russian business associations "Opora Rossii" and "Business Russia" sent a set of proposals to Deputy Prime Minister Victoria Abramchenko on [...]

Global supply-chain congestion shows signs of easing

Port bottlenecks that have increased supply-chain congestion because of the war in Ukraine and lockdowns in China may be [...]

High demand and prices lead to record Q1/2022 for Moelven

The international market situation for wood products and rising prices are contributing to a strong start for Moelven in 2022 [...]

Bauwerk Group to acquire Somerset Hardwood Flooring

    Swizerland-based Bauwerk Group AG has announced the acquisition of Somerset Hardwood Flooring, a vertically integrated [...]

Stora Enso’s Wood Products division posts record results for Q1/2022

During the first quarter, Stora Enso's Wood Products division reported record results in sales and operational EBIT.   [...]