China’s real estate troubles are likely far from over, according to a report by KKR featured by CNBC.
News in international markets
Stora Enso Restarts Varkaus and Oulu Pulp and Paper Mills After Finnish Logistics Sector Strike is Suspended
Stora Enso confirmed to EUWID Pulp and Paper that it had restarted its Varkaus mill earlier this week. The mill was idled due to the strikes in the Finnish logistics sector.
New Construction Images Shared of World Expo 2025 Osaka, Kansai’s Massive Timber Structure
Sou Fujimoto Architects has shared new images of the forthcoming World Expo 2025 Osaka, Kansai’s circular wooden container structure, according to a profile by Archinect.
Brazilian Exports of Wood-Based Products Increase Year-Over-Year in February
Brazilian exports of wood-based products (except pulp and paper) increased 16.0% year-over-year in value in February, the ITTO reported.
Setra Doubles CLT Capacity in Långshyttan, Sweden
Setra is inaugurating a new processing machine for cross-laminated timber, doubling the capacity of its CLT factory in Långshyttan.
Belarus Circumventing EU Sanctions by Exporting Timber Though Poland Using False Documentation
An investigation published by Notes from Poland shows Belarus is circumventing EU sanctions by exporting timber into the bloc through Poland using false documentation suggesting it is from Kazakhstan.
EU’s Nature Restoration Plan Put on Indefinite Hold
A major European Union plan to better protect nature in the 27-nation bloc and fight climate change was indefinitely postponed on Monday, The Associated Press reported.
Metsä Group to Construct Demo Plant for Lignin Refining in Connection With Its Äänekoski, Finland, Bioproduct Mill
Metsä Group will construct a demo plant for lignin refining in connection with its Äänekoski, Finland, bioproduct mill. The plant’s daily capacity will be two tons of the lignin product.
Latvia’s Stiga RM Plans to Expand Birch Plywood Production at Its Kuldīga Mill
Stiga RM plans to significantly expand its birch plywood mill in Kuldīga this year with an investment of more than 10.5 million euros, LSM reported.
Metsä Group to Temporarily Halt Production at Several Mills in Finland Due to Strikes
Metsä Group announced that production at various Finland-based board mills and sawmills will temporarily shut down due to ongoing strikes.