News in international markets


Wildfires Rage in Russia, Spain, the U.S. and Canada

While we read and hear about forest fires in the U.S. and Canada, the same unusually hot weather is taking its toll around the globe. In Russia, forest fires have broken out in the Chelyabinsk region close to the border with Kazakhstan, as well as in north-eastern Siberia. The Ministry of Emergency Situations said it has deployed aircraft and a helicopter to fight the fires, as well as 240 personnel to Chelyabinsk where two large villages have been evacuated.

Australia’s Building Boom Leads to a Surge in Sawmill Employment

According to analysis provided by the Australian Forest Products Association (AFPA), the COVID-19 pandemic has fueled a building boom in the country, and as a result Australia’s timber framing sawmills have increased employment by almost 25%. This analysis is in stark contrast to reported Organization for Economic Co-operation and Development (OECD) global trends that suggested that timber processing employment would fall.

Moelven Announces $70 million Investment to Upgrade and Increase Capacity at Two Swedish Sawmills

Moelven Industriers ASA has announced that they will be investing more than SEK 600 million ($70 million) in modernizing and increasing capacity at two of their sawmills in the years to come. At the Moelven Edanesågen AB facility, the entire production process from timber sorting, timber intake, will include a new saw line and new dryer that will increase the mills capacity.

African Forestry and Timber Trading Firm Woodbois Limited Reports Improved Revenues in H1 2021

Woodbois Limited, an African forestry and timber trading firm, has reported increased revenues in the first 6-months of 2021 and expects sawn timber output to grow by 30% in the remain 6-months of the year. Woodbois, with sawmilling and veneer operations in Gabon, recorded revenues of US$8.2 million in the first 6-months of 2021, up from US$6.7 million, in the previous six-month period.