As winter approaches, the energy crisis in Europe is putting increased pressure on the economy in general and on the wood industry in particular. Regarding the European timber industry there are two major problems to consider.  Higher energy prices, higher production costs  1. The high energy prices which will lead to higher production costs. Even though electricity prices have kept a skyrocketing trend last year, the high wood prices assured a good profitability for sawmills. However, now that prices have somewhat normalized, due to a slowdown in demand, there is a significant higher exposure to the ...