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Global Trends Review

Major trends of the week in the world’s forest industry.

In 2020, China reduced imports of sawnwood by 11%

April 16, 2021 ` 17:25  
According to data from China’s Customs, 2020 sawnwood imports totalled 33.86 million m³ valued at $7.68 billion, a year on year decrease of 11% both in volume and in value. Of total sawnwood imports, sawn softwood imports fell...

Tesla truck test for timber transport

April 14, 2021 ` 17:12  
As part of a pilot project in Canada, Tesla Semis are used to transport wood. Mosaic Forest Management, a forestry company based on Vancouver Island, intends to use electrification to pave the way for emission-free transport. Mosaic explains...

Chinese hardwood log imports fell 17% in 2020

April 1, 2021 ` 19:08  
Chinese hardwood log imports in 2020 fell 17% to 12.64 million m³ (21% of the national total log imports). The average price for imported hardwood logs in 2020 was $232/m³ (CIF), down 6% on 2019.

US housing starts drop 10.3% in February 2021

March 22, 2021 ` 18:41  
New residential construction in the U.S. showed a substantial decrease in the month of February 2021, according to a report released by the US Commerce Department on Wednesday, with housing starts extending the sharp pullback seen in the...

Green Bay Packaging begins paper mill production

March 22, 2021 ` 14:47  
Green Bay Packaging Inc. (GBP), Green Bay, Wisconsin, has announced that the first reel of paper was produced March 11 at its paper mill in Green Bay. The company says this milestone comes two and a half years...

Russian Timber Journal 02-2021: interview with Russ Taylor, President of Russ Taylor Global; Russian sawn timber market in 2020, outlook for 2021; Metsä Fibre going ahead with € 1.6 billion Kemi bioproduct mill investment; Segezha Group acquires Novoyeniseiskiy Wood Chemical Complex; Uvadrev places an order from Siempelkamp

Russian Timber Journal 02-2021: interview with Russ Taylor, President of Russ Taylor Global; Russian sawn timber market in 2020, outlook for 2021; Metsä Fibre going ahead with € 1.6 billion Kemi bioproduct mill investment; Segezha Group acquires Novoyeniseiskiy Wood Chemical Complex; Uvadrev places an...

In February 2020, new home construction in Japan decreased by 12.3% YoY to 63,1 thousand units

March 12, 2021 ` 11:43  
Wooden housing construction decreased by 10.4% YoY to 35,8 thousand units.

WestRock sells South Carolina sawmill to Interfor for $59 million in cash

March 12, 2021 ` 10:50  
British Columbia-based Interfor, one of North America’s largest lumber producers, has bought WestRock’s South Carolina sawmill for $59 million in cash. The sawmill is located 65 miles southwest of Interfor’s existing Georgetown, S.C. mill and 115 miles northeast...

EU27 tropical sawnwood imports fall 16%

March 11, 2021 ` 18:11  
In quantity terms, EU27 imports of tropical sawnwood declined 16% to 726,200 m³ in the first eleven months of 2020. Imports fell sharply from all major supply countries; down 18% from Cameroon to 257,700 m³, 13% from Brazil...

Subsidiary of UFP Industries announces agreement to acquire the net operating assets of Spartanburg Forest Products and its affiliates

March 11, 2021 ` 15:30  
UFP Industries, Inc. announced that one of its wholly owned subsidiaries, Sunbelt Forest Products Corporation, signed an agreement to purchase the net operating assets of Spartanburg Forest Products, Inc. and its affiliates. The purchase price for Spartanburg’s property,...

N. American lumber prices at record levels

March 11, 2021 ` 14:04  
To the astonishment of all, in the week ending Feb. 19, 2021, the price of benchmark softwood lumber commodity item Western S-P-F KD 2×4 #2&Btr climbed +$20, or +2%, to US$1,012 mfbm, from $992 the previous week. Last...