Companies & Industry Events

Metsä Group’s profits jump in Q1/2022

Metsä Group's net sales for the first quarter increased by almost EUR 200 million to 1.59 billion. The [...]

Shanghai blockade could make Europe face ‘logistics nightmare’

    Although there are signs that Shanghai port congestion is easing, European business could face a "logistics [...]

UPM reports good start of the year; excellent results in plywood and lumber business

    UPM's net sales increased by 12 percent to EUR 2,507 million in the first [...]

Ponsse removes Russian orders for Euro 109 million from order book

    The crisis in Ukraine has a significant impact on Ponsse’s operations and finances, company said [...]

Ukraine war is causing shortage in Europe’s pallet supply

The Russian invasion of Ukraine has proven disastrous for the thousands of Ukrainians who have lost their lives and the [...]

Setra’s Q1 earnings boosted by higher prices and strong market

    Swedish wood products company Setra has reported an operating profit of SEK 480 million or EUR [...]

Lost Russian supply forcing Estonian companies to buy expensive wood from Nordics

Replacing timber previously imported from Russia, Belarus and Ukraine cannot happen overnight, while the material is more expensive in Europe [...]

Canfor invests $130 million in Arkansas sawmill

Canfor Corp. announced plans to invest $130 million to modernize its sawmill and planer facility in Urbana, Arkansas.   [...]

Stora Enso sells its sawmills and forest operations in Russia

    Stora Enso has entered into an agreement to divest its two sawmills in Russia. The Company [...]

China: Cargo backlogs in Shanghai could cause next supply chain shockwave

Concern is growing that the spread of COVID cases and city lockdowns in China will have massive downstream effects for [...]