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April 15, 2014

Kronospan believes that biomass expansion is causing higher timber prices

Austrian wood panel company, Kronospan, has launched a warning over the future of its business in the United Kingdom, with fears that biomass plants are fueling increases in timber prices.  Representatives of the company, quoted by the British newspaper, say that the UK has seen a 10% surge in timber prices only in the first quarter of this year, with a price doubling recorded in the past 10 years. Thus, Kronospan’s plant in Chirk, Wales has already reduced exports, as market conditions are fierce and the competition with Central and Eastern Europe is very strong.   ...

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