UK imports of main product groups are up by just 0.2% for the first two months of 2024 when compared to the same period in 2023, The Construction Index reported.
News in international markets
Metsä Group’s Regenerative Forestry Principles Improve Natural State of Forests
Finnish forest owners have welcomed the measures implementing Metsä Group’s regenerative forestry principles, the company said.
IKEA Announces New Wave of Price Cuts
Ingka Group, the largest IKEA retailer with about 90% of IKEA retail sales, said it continues to lower prices despite a challenging year.
City of Beijing Ends Curbs on Multiple Home Ownership in Outer Areas to Stimulate Buying
The City of Bejing relaxed some rules on multiple home purchases after 13 years to stimulate a stagnant property market, the South China Morning Post reported.
Sveaskog, Sweden’s Largest Forest Owner, Announces Timber Price Increases
Sweden’s Sveaskog, a state-owned company and the country’s largest forest owner, announced it was raising the price of timber and pulpwood in large parts of the country.
US Wood Pellet Exports Expand in March
The US exported 938,662.3 metric tons of wood pellets in March, up from 696,692.9 metric tons of in February, a Biomass Magazine review USDA data shows.
Brazilian Exports of Wood-Based Products Decline Year-Over-Year in March
The value of Brazilian exports of wood-based products (except pulp and paper) fell 16.0% year-over-year in March, according to the International Tropical Timber Organization.
HS Timber Group Commissions New Sawmill in Argentina
Acon Timber, a joint venture between HS Timber Group and Forestcape Group, has commissioned a new sawmill in Argentina.
Europe’s Pfeifer Group Optimizing Facilities to Meet Market Demand
Pfeifer Group has optimized manufacturing at its sawmill in Chanovice, Czech Republic, and its CLT facility in Schlitz, Germany, according to the Timber Trades Journal.
Western Australia Releases Forest Management Plan 2024–33 With Help to Alleviate End of Native Logging
Western Australia’s Forest Management Plan 2024–33 will be bolstered with a $67.2 million (AUD) investment over the next four years.