DI Spačva, a timber company, based in Vinkovci, Croatia, has announced that prospective buyers have started conducting their due diligence on the company. DI Spačva consists of five factories: a sawmill, a parquet production plant, a final products factory, a veneer factor, and a bio-fuels factory.
The United States International Trade Commission (USITC) on Friday 22nd January 2021 determined that a U.S. industry is materially injured by reason of imports of wood mouldings and millwork products from China, that the U.S. Department of Commerce (Commerce) has determined are subsidized and sold in the United States at less than fair value.
The Department of Commerce on December 29th, 2020 announced its final antidumping duty (AD) and countervailing duty (CVD) determination on wood mouldings and millwork products from Brazil and China.
According to data released on January 7th, 2021, by United States Department of Agriculture’s (USDA) Foreign Agricultural Service, the U.S. exported 660,312.5 metric tons of wood pellets in November. This is up from 624,212.9 metric tons in October, but down from 777,976.5 metric tons in November 2019.
AB Karl Hedin, one of Sweden’s leading privately owned wood groups, has announced their intention to build a new planing mill, with extra storage capacity and further timber kiln drying facilities at its sawmill in Krylbo, Avesta. The Krylbo spruce-pine sawmill has an annual production of capacity of 215,000m3.
Australia turns to India as a new market for logs exports
China adds New South Wales and Western Australia to its list of Australian states from which timber imports are banned.
Australia is one of the few developed nations on earth that exports more products to China, than it imports from China. China is Australia’s largest trading partner and a top export destination.
HS Timber Group, began construction of a new sawmill in Grodno region of Belarus. The softwood mill will process pine and spruce logs and is expected to have an annual operating capacity of 500,000 m3 when completed in the spring of 2022.
Official data from China’s National Bureau of Statistics (NBS) reveals that new home prices in 70 of China’s major cities continued to cool in November.