The Victoria, Australia, government announced additional support for timber workers and their communities ahead of a looming industry shutdown, Sky News reported.
News in international markets
Koskisen Announces Additional Investment at Its New Sawmill in Järvelä, Finland
Koskisen Corporation announced that it was making an additional investment of EUR 15 million at its new sawmill located in Järvelä, Finland.
UK to Continue to Support Biomass Energy Even With Stronger Sustainability Rules
BNN Bloomberg is reporting that the UK government has said it will continue to support biomass energy, though it failed to provide specific details on how it would subsidize the country’s biggest utility using the fuel.
US Wood Pellet Exports Up Month-Over-Month and Year-Over-Year in June
The US exported 865,995.4 metric tons of wood pellets in June, up from 820,057.5 metric tons in May, according to the USDA and analysis by Biomass Magazine.
Chinese Companies Continue to Increase Sawn Timber Purchases via the Belarusian Universal Commodity Exchange
Between January and July, Chinese companies have increased purchases of sawn timber through the Belarusian Universal Commodity Exchange by approximately 2.5 times when compared to the same time period in 2022.
Brazilian Exports of Wood-Based Products Declined Year-Over-Year in June
According to the International Tropical Timber Organization (ITTO), in June, Brazilian exports of wood-based products (except pulp and paper) declined 39.0% year-over-year in value to US$292.0 million in June.
US Dept. of Commerce Adds Antidumping and Countervailing Duties to Certain Hardwood Plywood Products Exported From Vietnam
The US Department of Commerce recently issued its final determination that plywood exported from Vietnam using inputs sourced from China is a product of China and is therefore subject to the antidumping duty and countervailing duty orders on hardwood plywood exported from China.
Bergs Timber Announces Closure of Its Estonia Sawmill Facility
Bergs Timber AB announced that it intends to cease operations at its sawmill in Estonia. The mill is operated by Bergs’ subsidiary Laesti. According to the press release, operations will conclude in August.
End of Native Timber Harvesting in the State of Victoria, Australia, Forces Local Sawmill to Close
According to reporting by ABC News, one of the businesses that will be impacted by the end of native timber harvesting is Walker’s timber mill, located in Corryong, Victoria. The mill has been in continuous operation for over 58 years.
World’s First Date Palm Fronds MDF Plant Being Built in Egypt
Dieffenbacher has been selected to supply the world’s first plant for the production of MDF from date palm fonds to Egypt. The HDF/MDF facility is being built in the Toshka region and is scheduled to begin production in 2025.