In August, Brazilian exports of wood-based products (except pulp and paper) fell 26.0% in value year-over-year, according to the International Tropical Timber Organization.
News in international markets
VIDA AB to Acquire Sawmill in Ingarp, Sweden
VIDA AB, owned 70% by Canfor, announced that it is acquiring a 50 million board foot sawmill from Ingarp Träskydd for 50 million SEK (CAD$6.0 million).
State of Western Australia Providing Funds to Help Transform Former Timber Towns
Western Australia is working to help transform former timber towns into thriving places to live and visit through the recently created Community Small Grants Fund.
Mondi Announces Sale of Its Last Russian Facility to Sezar Invest
Mondi announced that it has entered into an agreement to sell its last remaining facility in Russia, Joint Stock Company Mondi Syktyvkar, together with two affiliated entities to Sezar Invest.
International Paper Sells Russia-based Joint Venture to Local Shareholders
Reuters reported that International Paper has sold its 50% stake in a Russia-based joint venture to local Russian shareholders.
Finland’s Timber Shortage Causes Change in Its Forest Products Industry
The availability of wood as a raw material for industrial use is already a problem in Finland, according to reporting by YLE News.
EGGER Group Announces the Purchase of Rauch Group’s Chipboard Plant in Germany
The EGGER Group has agreed to purchase the Rauch Group’s chipboard plant located in Markt Bibart, Germany.
Smurfit Kappa Reaches Agreement to Purchase WestRock, Creating World’s Largest Paper and Packaging Company
Ireland’s Smurfit Kappa has reached an agreement to purchase WestRock for an agreed $11 billion to create the world’s largest paper and packaging company, Reuters reported.
Chile’s CMPC Agrees to Purchase Kentucky-Based Heritage Millwork
Chile-based Empresas CMPC SA has agreed to acquire Heritage Millworks (dba Powell Valley Millwork) in Lexington, Kentucky, according to Merchant Magazine.
US Wood Pellet Exports Decline Month-Over-Month but Rise Year-Over-Year in July
The US exported 651,698.8 metric tons of wood pellets in July, down from 865,995.4 metric tons in June, according to the USDA and Biomass Magazine.