News in international markets

The European Commission said it would propose delaying implementation of a law banning the import of commodities linked to deforestation by a year, Reuters reported.

Stora Enso is preparing to sell approximately 12% of its total forest assets of 1.4 million hectares (3.46 million acres) in Sweden.

The value Brazilian exports of wood-based products (except pulp and paper) decreased 10.8% in August. On a monthly basis, exports declined 21% due to shipping difficulties.

Norra Timber recently announced a three-phase upgrade of its Hissmofors, Sweden, sawmill with an investment of up to SEK 150 million (US$14.8 million).

India-based Century Plyboards, a leading wood products manufacturer, plans to boost its plywood production capacity by approximately 30% over the next 12–15 months with an investment of around ₹140 crore (US$16.7 million), newsonprojects reported (9-12-24).

New Zealand’s forestry sector is set for a major shake-up as the government plans to overhaul national direction under the Resource Management Act (RMA), according to an analysis by MinterEllisonRuddWatts.

Top management of the Segezha Group considers India as one of the most attractive and promising areas for business, the company said in a September 6th press release.

Sveaskog announced that it was raising the prices on timber and pulpwood in large parts of the country. This marks the third increase this year.

Siempelkamp announced that Thai wood-based panel producer S.Kijchai Enterprise has placed an order for a new MDF plant—the company’s third.