The Council of the EU has given the final go-ahead to a regulation that aims to minimize the risk of deforestation and forest degradation associated with products that placed on or exported from the EU market.
News in international markets
India’s Century Plyboards Announces Extensive Non-Structural Panel Expansion
India’s Century Plyboards has announced that it is considering an investment of Rs 2,000 crore to expand its laminates, MDF, and particleboard capacities over the next three years, according to a report by “Construction Week India.”
Timber Tower in Budapest Provides 360-Degree Views of Nature Reserve
Robert Gutowski Architects has designed a winding Lookout Tower that serves as a sculptural beacon for hikers visiting the nature reserve of Budapest and Naplás Lake, according to a recent feature in Yanko Design magazine.
US Wood Pellet Exports Up Month-Over-Month and Year-Over-Year in March
The US exported 909,787.1 metric tons of wood pellets in March, up from 632,043.8 metric tons in February. Total wood pellet exports for the first three months of 2023 reached 2.18 million metric tons at a value of $402.08 million.
Kronospan Opens New State-Of-The-Art Particleboard Plant in Tortosa, Spain
Kronospan, in just a little over a year’s time, and an investment of approximately 400 million euros, has built a new state-of-the-art particleboard plant in Tortosa, Spain, capable of producing 2,000 m3 per day.
India’s Greenply Industries Ships Its First Load of MDF From New Plant
Greenply Industries, one of India’s largest interior infrastructure brands, has shipped the first load of its new Greenply MDF from its recently commissioned plant in Gujarat, India, according to a report by Republic TV.
UK’s L&G-Owned Homebuilder Cala Group Purchases Taylor Lane
Cala Group announced it has purchased timber frame builder Taylor Lane in a move designed to boost its timber frame production in England to 1,500 units annually over the next five years, according to a report by “Building.”
To Meet New Zealand’s Carbon Goals, Forestry Minister Urges Harvested Logs be Processed Domestically
New Zealand’s Forestry Minister Peeni Henare has announced a $57 million (NZD) fund to promote investment in domestic wood-processing facilities, according to a report by “Newsroom.”
Third Large Western Australia Sawmill Announces Closure
A third large sawmill located in southern Western Australia has announced it plans to close prior to the official ban of native logging coming into effect in 2024 according to a report by ABC News.
UPM Plywood Announces Plan to Restructure its Organization and Scale its Operations
UPM Plywood on Thursday announced plans to restructure its organization and scale its operations to meet the reduced production capacity and the deteriorating market situation. The company says the cuts are the result of reduced demand for spruce plywood and veneer due to slowing construction activity.