UK construction continues to be “battered by economic headwinds and sudden, ad hoc policy changes,” Glenigan reported.
News in international markets
Replanting Program Continues Across New South Wales, Australia, Softwood Plantations Following 2019–20 Fires
Since the 2019–20 bushfires in New South Wales, Australia, 40 million seedlings have been replanted in pine forests, according to the Forestry Corporation of NSW.
UK Pension Protection Fund, UniSuper, and APG Acquire Forico and Tasmania’s Largest Hardwood Estate
Pension Protection Fund, Unisuper, and APG have announced the acquisition of Forico and a 170,000-hectare plantation forestry estate in Tasmania from a New Forest managed fund.
Södra Announces Price Increases on Spruce and Pine Timber
Södra, citing strong demand for forest raw materials from family forestry, announced that it was raising the price for spruce and pine timber effective immediately.
US Wood Pellet Exports Increase in August
The US exported 1.01 million metric tons of wood pellets in August, up from 615,698.8. metric tons of wood pellets in July, according to the USDA and Biomass Magazine.
Western Australia Joins Victoria in Banning Commercial Logging of Native Forests in 2024
Western Australia has joined Victoria in banning commercial logging of native forests starting next year, The Sydney Morning Herald reported.
New Zealand Government Supporting Non-Pine Tree Sawmilling With Various Initiatives
New Zealand Forestry Minister Penni Henare has said that the government is supporting non-pine tree sawmilling and backing further creation in sawmills in Rotorua and Whangarei.
VMG Group Opens Its New LVL and I-Joist Manufacturing Facility in Lithuania
VMG Group has opened a LVL and I-joist factory in Lithuania, according to Timber Trades Journal Online. The facility is the first LVL plant in Lithuania.
Brazilian Exports of Wood-Based Products Decline Year-Over-Year in August
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.
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).