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...
In January 2021, Russian plywood export increased by 2.4%
March 11, 2021 ` 20:38
In January 2021, Russia increased its plywood export volume by 2.4% YoY, reaching 224,800 m³, as reported by the Federal Customs Service of Russia. In value terms, for the reporting period, Russian plywood supplies increased by 21.7% YoY...
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...
Segezha Group opens an Innovation Center for high-tech packaging
March 9, 2021 ` 14:03
The new business unit will work on the creation of efficient and high-tech products in the field of paper packaging. It will implement projects for the optimization of the design and appearance of packaging and test new packaging...
Arkhbum LLC received a new batch of Tikhvin flat wagons
March 9, 2021 ` 13:27
The Research and Production Corporation “United Wagon Company” PJSC (RPC UWC) delivered a new batch of flat wagons (40 ft) for the transportation of timber products to Arkhbum LLC. The platforms type 13-6852-02 (40 ft) build up a...
James Jones & Sons announces the acquisition of GT Timber
March 4, 2021 ` 19:12
James Jones & Sons Ltd has announced the acquisition of GT Timber Ltd, the holding company of Taylormade Timber Products Ltd and Kerr Timber Products Ltd which operate sawmills at Sherburn Hill, Durham and Annan respectively. The acquisition...
Segezha ClearPly Hits International Markets on a Large Scale
March 4, 2021 ` 18:35
Late 2020 saw Segezha Group, a Sistema company, launch its domestic plywood product Segezha ClearPly across a wide range of international markets. The product’s quality and usability have already been noted by customers in North America, Australia, and...
Sweden: Decrease in roundwood prices 2020
March 3, 2021 ` 18:09
The report of statistics on Swedish roundwood prices in 2020 show decreasing delivery prices compared to 2019. The price of pulpwood decreased by 11% and the sawlog price by 7% compared to 2019, according to new statistics from...
Greif sells 28,000 ha of timberlands to Weyerhaeuser
March 2, 2021 ` 18:01
Greif, Inc. announces an agreement to sell 28,000 ha of timberlands in southwest Alabama to Weyerhaeuser Company for approximately $149 million in cash. Proceeds from the transaction will be applied to debt repayment. While this transaction is subject...
SCA to increase kraftliner prices
March 1, 2021 ` 16:49
SCA increases the prices on white and brown kraftliner in Europe by €50 per tonne. The new price is valid from April 1, 2021. “The European kraftliner market continues to be strong and stable,” comments Mikael Frölander, VP...
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