News in international markets

The project has reportedly been planned for a long time, but Stora Enso has not commented on the matter publicly, Metsälehti reported.

The SEK 600 million (US$61.8 million) investment is part of an extensive modernization and expansion project that has been underway since 2022.

UPM Plywood and the Industrial Union have signed a new collective agreement. The strikes at the mills are ending and work will start immediately.

The European Commission recently introduced new simplifications to support the implementation of the EU Deforestation Regulation, which enters into application later this year.

The US exported 781,576.4 metric tons of wood pellets in March, down from 796,490.2 metric tons in February, the USDA and Biomass Magazine reported.

Operated by Alexander Timber Design, the £18 million (US$23.9 million) facility brings Glennon Brothers’ total investment in Scotland to more than €80 million (US$106.3 million).

Metsä Fiber will start change negotiations on possible temporary layoffs at its Rauma sawmill and Joutseno and Rauma pulp mills.

The laboratory is expected to be completed by the end of 2025, and the investment value is approximately EUR 6 million.

Stora Enso has completed its acquisition of Finnish sawmill company Junnikkala, finalizing an agreement first announced in October 2024.

Brazilian exports of wood-based products (excluding pulp and paper) rose 18.0% in value year-over-year in March, the ITTO reported.