Moelven Årjäng Såg will discontinue sawmill operations in Årjäng amid weak profitability, high raw material costs, and challenging market conditions.
News in international markets
Australia Announces AU$150 Million Investment in Forest Sector Growth
Australia announced AU$150 million for forestry processing, innovation, workforce development, plantations, and timber import compliance.
Australia Braces for Elevated Wildfire Risk During El Nino Summer
Australian firefighters are preparing for elevated wildfire risk as a strong El Nino brings hotter, drier conditions ahead of the summer fire season, Reuters reported.
Finland Eases Swine Fever Forestry Restrictions to Support Management
Finland has eased forestry restrictions in its African swine fever infection zone, allowing forestry work and soil preparation, except controlled burning, Metsäkeskus reported.
European Log Prices Reach Record Highs as Lumber Demand Remains Subpar
European softwood lumber producers face record-high log costs, weak finished-product demand, and rising shipping expenses that are squeezing sawmill margins, Interior Daily reported.
Hyne Group Seeks New Owner for Australia and New Zealand XLAM CLT Business
Hyne Group is seeking a new owner for its Australia and New Zealand-based XLAM CLT manufacturing and engineering business.
Brazilian Exports of Wood-Based Products Fall in July
Brazilian exports of wood-based products totaled $285.2 million in July, down 7.0% from $305.6 million a year earlier, ITTO reported.
China’s Log Imports Rise 6.2% Year-Over-Year in July
China imported 4.705 million cubic meters of logs and sawn timber in July, up 1.1% year-over-year but down 7.5% from June, Global Wood and Mucaizhijia reported.
Swedish Roundwood Prices Decline in Q2
Swedish roundwood prices declined in Q2, with Scots pine sawlogs down 12% and Norway spruce down 9%.
USITC Finds Injury From Hardwood and Decorative Plywood Imports From China, Indonesia, and Vietnam
USITC voted to impose duties on certain hardwood and decorative plywood imports while terminating investigations into two softwood plywood categories.