Junken New Zealand plans to close its Kaitāia-based Northland Mill after failing to find a buyer, 1News reported.
News in international markets
Russia’s Forestry Industry Remains Under Pressure as Losses Deepen
Russia’s forestry sector continues to weaken as exports slump, losses mount, and high borrowing costs push nearly half of forestry companies into the red.
Proposed UK Building Regulation Changes Could Restrict Mass Timber Construction
The UK is proposing fire safety rule changes that critics say would effectively prohibit structural timber in many low- and mid-rise buildings across England.
Polish Timber Sector Warns Regulations Could Limit Wood Access
Polish wood industry groups warned that new climate ministry measures could limit timber access, raise costs, and weaken export competitiveness, Biznes Meble reported.
New US Tariffs Could Replace Expiring Trade Duties by Late July
A new round of US tariffs could arrive before existing duties expire, potentially keeping pressure on global supply chains, FreightWaves and Flexport reported.
Louisiana Governor Signs Bill to Support Wood Pellet Manufacturing
Louisiana Gov. Jeff Landry signed a bill aimed at supporting wood pellet manufacturing through permitting and workforce measures.
Finland’s Koskisen Commissions New Channel Kilns at Järvelä Sawmill
Koskisen commissioned new channel kilns at its Järvelä sawmill, increasing drying capacity 15% as it targets 450,000 cubic meters of output.
European Parliament Approves US Trade Deal to Lower Tariffs
European Parliament lawmakers approved a US-EU trade deal to lower tariffs and ease access for US goods, DW reported. Member states must still sign off.
UPM Announces Temporary Curtailments at Finnish Pulp Mills
UPM will temporarily shut its Kaukas pulp mill for about six weeks starting August 3 and is planning a potential October curtailment at Pietarsaari.
US Wood Pellet Exports Decline in April
US wood pellet exports totaled 933,792.6 metric tons in April, down 15% from March but up 10% from year-ago levels, the USDA and Biomass Magazine reported.