News in international markets


Stora Enso Oyj Halts All Exports and Imports From Russia

On Tuesday (3-2-22), Stora Enso Oyj, the Helsinki Finland-based integrated paper, packaging, and forest products company, which operates three corrugated packaging plants and two wood products sawmills in Russia, said it will stop all exports and imports to and from Russia. The company also announced that a mitigation plan has been activated to secure availability of input materials from other sources.

Stora Enso to Invest 9 Million Euros in Automated Cross-Laminated Timber Coating Line at Ybbs, Austria Sawmill

Stora Enso announced on Friday (2-11-22) that it will be investing 9 million euros in an automated cross-laminated timber (CLT) coating line at their Ybbs sawmill in Austria. In the news release, the company said the investment will further strengthen its position as a leading global provider of engineered wood products for low carbon, sustainable buildings.

Timberlink Investing Millions to Upgrade Tarpeena Sawmill and Construct New CLT/GLT Plant

Timberlink’s Tarpeena sawmill, located in South Australia, is undergoing a multi-million-dollar expansion. The project will include an upgrade the existing sawmill and the construction of Australia’s first cross laminated timber (CLT) and glue laminated timber (GLT) manufacturing plant, which will be co-located on the sawmill’s site.

U.K.’s James Jones & Sons Ltd Acquires a Majority Share in Australia’s Mayflower Enterprises Pty Ltd

James Jones & Sons Ltd., a family-owned and managed forest products company, now under its 5th generation of leadership and operating from 27 locations strategically located across the UK, recently announced that it has acquired approximately 60% of the shares in Mayflower Enterprises Pty Ltd., located in Australia. Mayflower Enterprises is the holding company of Hyne Timber and XLam.

Timber Import Volume into the U.K. Appears to be Returning to Traditional Winter Consumption Level

According to the latest Timber Trade Federation (TTF) statistics, timber and panel product import volumes into the United Kingdom continued to show a steady decline in Q4 2021, as a more regular demand pattern returns to the marketplace. TTF statistics reveal that the volume of timber and panel products imported into the UK declined month-over-month between October and November 2021 by 158,000 m3.