Versowood to expand sawn timber capacity; though cautious, demand isn’t going anywhere
Versowood began the first quarter of the year on a positive sales note. Especially within the EU, customers' stock levels were low, and restocking began in anticipation of spring. However, the uncertain market atmosphere brought caution to orders, which was evident in additional purchase needs in February. Although the strong start was expected to carry into the second quarter, expectations turned out to be higher than actual results. As uncertainty increased, purchases were made only as needed. “Due to COVID, customers have become cautious. They've learned that conditions can change quickly in either direction. This is now ...
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