News in international markets

Kronospan will establish a factory in Egypt to produce flooring and MDF, Zawya reported, citing a press release from Egypt’s Industrial Development Authority.

In July, Brazilian exports of wood-based products (except pulp and paper) declined 36.0% in value compared to July 2022, according to the International Tropical Timber Organization.

Koskisen announced that it is investing in a new thin plywood press at its thin plywood production unit in Hirvensalmi, Finland, increasing pressing capacity by approximately a quarter.

Germany’s DIEFFENBACHER received an order from New Zealand’s Fletcher Building to deliver a complete CEBRO plant for the production of Fine OSB.

Moelven Group recently announced that it has commissioned Mühlböck to deliver a 320 m3 belt dryer for Moelven’s largest site in Sweden.

The Victoria, Australia, government announced additional support for timber workers and their communities ahead of a looming industry shutdown, Sky News reported.

Koskisen Corporation announced that it was making an additional investment of EUR 15 million at its new sawmill located in Järvelä, Finland.

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.

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.

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.