EU plywood trade recovers, but Covid-19 to slice 10-20% of 2020 profits

EU plywood trade recovers, but Covid-19 to slice 10-20% of 2020 profits
It’s still too early to say for sure, but it’s variously estimated by European plywood importers and distributors that the Covid-19 pandemic will slice 10-20% off their 2020 profits.    Trade has since seen a bounce back, varying in degree from country to country, but companies don’t expect it to make up for the sales lost when the health crisis first hit.    Looking ahead, the sector is hopeful about continued market recovery, although there’s awariness about making more than short-term forecasts and concern about the economic ...

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