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.
News in international markets
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.
Metsä Wood Announces Plans to Construct a New Kerto® LVL Mill in Äänekoski, Finland
Metsä Wood and construction company SRV have signed an agreement for the construction of Metsä Wood’s new Kerto® LVL mill in Äänekoski, Finland.
Uzbekistan Now One of the Top 5 Users of Belarusian Sawn Timber on the Belarusian Commodity Exchange
The Belarusian Commodity Exchange announced that in the 8-month period between January and August, Uzbekistan entered the top five markets for sawn timber on the exchange, according to BelTA.