Södra is launching three new long-term collaboration agreements: a Forest Owner Agreement, Management Agreement, and Supply Agreement.
News in international markets
New Forests Secures AU$600 Million for Its Australia New Zealand Landscapes and Forestry Fund
New Forests announced the final close of the Fund, raising approximately AU$600 million from institutional investors from across Europe and Asia-Pacific.
Effort to Find Buyers for Insolvent Ziegler Group Moves Forward
A letter from the insolvency administrator, reviewed by BR24, indicates that the search for investors for segments of the insolvent Ziegler Group is nearing its initial conclusions.
UK Timber Import Volumes Rise 15% in October, TDUK Reports
UK timber and panel product imports were much higher in October, resulting in an overall 15% uplift in imports, TDUK reported.
Södra Intends to Divest Its Forest Holdings and Other Operations in the Baltics
Södra owns approximately 153,000 hectares (378,000 acres) of land in Estonia and Latvia, the majority of which is in Latvia.
HS Timber Group to Purchase Vika Wood From Bergs Timber
Austria-based HS Timber Group announced an agreement to acquire 100% of the shares in Latvian wood processing company Vika Wood SIA from Swedish owner Bergs Timber AB.
US Wood Pellet Exports Rebound in November
The US exported 873,783.9 metric tons of wood pellets in November, up from 839,226.4 metric tons in October, Biomass Magazine and the USDA reported.
Koskisen Launches Investment Program for Plywood Production in Järvelä, Finland
Koskisen announced the launch of a comprehensive EUR 12 million investment program to boost plywood production at its panel mill in Järvelä.
Sweden’s Mellanskog Raises Timber Prices
Mellanskog announced it was raising the price of pine and spruce logs, citing continuing strong demand for timber from family forestry in central Sweden.
Southern Pine Exports Down 16% Year-Over-Year in October
Southern pine exports—both treated and untreated—were 13% higher year-to-date through October compared to the same period in 2023, the SFPA and USDA reported.