A state-of-the-art sawing line and a new waste wood recycling plant are being launched at Pfeifer’s long-established site in Uelzen, Germany.
News in international markets
Estonia Weighs Thinning and Controlled Burns in Plan to Restore Dry Forests by 2032
Estonia plans invest 4.2 million euros in dry forest restoration and preservation between 2025 and 2032, the Baltic News Network reported.
UK Softwood Lumber Demand Slows in June
UK softwood lumber trading was strong through April and May, supported by growing demand, Timber Trades Journal reported.
US International Trade Commission Makes Preliminary Determination in Hardwood and Decorative Plywood Trade Cases
The ITC found that there is a reasonable indication that imports from China, Indonesia, and Vietnam are materially injuring the US hardwood and decorative plywood industry, according to Wiley.
US Wood Pellet Exports Increase in May
The US exported 853,395.1 metric tons of wood pellets in May, up from 846,693.2 metric tons in April, the USDA and Biomass Magazine reported.
Sweden’s Norra Timber Announces Investment in Its Hissmofors Sawmill
Norra Skog will invest SEK 100 million (US$10.49 million) in upgrading its Hissmofors sawmill in Krokom, Sweden.
Brazilian Exports of Wood-Based Products Decline in May
The value of Brazilian exports of wood-based products (excluding pulp and paper) declined 12.0% year-over-year in May, the ITTO reported.
Stiga RM Completes Modernization of Its Birch Plywood Factory in Kuldiga, Latvia
Stiga RM has successfully completed a modernization project at its birch plywood factory in Kuldīga, Latvia, The Baltic Times reported.
Australia’s New Timber Fiber Strategy Aims For Industry Growth
The government released its Timber Fibre Strategy, setting out a pathway for the future growth of Australia’s forestry industry.
Rayonier Completes Sale of New Zealand Business to The Rohatyn Group
Rayonier announced on Monday, it has completed the previously announced sale of entities holding, its 77% interest, in the New Zealand joint venture to a special purpose vehicle owned by an investment fund managed by The Rohatyn Group (“TRG”) for a purchase price of $710 million.