The Binderholz Group has reached an agreement to take over BSW Timber Ltd., the U.K.’s largest forestry and sawmill company. An agreement with Endless LLP., the largest shareholder, to acquire their shares has been reached.
News in international markets
Volume of Roundwood Harvested in Ireland Increased in 2019 but Value Declined
According to information released on Monday (10-11-21) from the Central Statistics Office (CSO) — the statistical agency responsible for the gathering of “information relating to economic, social and general activities and conditions” in Ireland — loggers harvested almost four million cubic meters of wood from deciduous trees in Irish forests in 2019.
Softwood Logs Shipping Off of Kangaroo Island to Support South Australia’s Booming Housing Industry
Help to support Australia’s booming housing construction industry will soon be on its way. Up to 60,000 tons of softwood logs, some of them bushfire-affected, will soon be shipping off of Kangaroo Island.
Segezha Group Building New Plywood Processing Shop and Upgrading Existing Production Lines at Vyataky Plywood Mill
The Segezha Group has announced that it is investing approximately RUB 5 billion ($69 million) in constructing a new plywood processing shop and is upgrading their existing production lines at its Vyataky Plywood Mill in Kirov, Russia.
Brazil’s Log Exports Increase 186% Year-Over-Year in September 2021
According to Lesprom Analytics, the export of logs from Brazil jumped 186.0% year-over-year in September 2021 to 357.6 thousand m3. The value of those exports increased 224.3% to $27.6 million. The average price of logs increased 13.4% to $77.3 per m3.
Brazilian Exports of Wood-Based Products Increased 41.4% Year-Over-Year in August 2021
According to the International Tropical Timber Organization (ITTO), the value of Brazilian exports of wood-based products (except pulp and paper) increased 41.4% in value year-over-year from US$292.5 million in August 2020 to US$413.6 million in August 2021.
U.S. and Vietnam Reach Agreement Over Illegally Harvested and Traded Timber
The Office of the U.S. Trade Representative (USTR) said in an emailed statement on Friday (10-1-21) that the U.S. and Vietnam have reached an agreement over illegally harvested and traded timber that will see Vietnam avert punitive tariffs in the process.
Lumber Shortages Threaten to Derail Australia’s Home Building Boom
Australia is facing a lumber shortage, similar to the one that negatively impacted home building in North American earlier this year. According to a report from the Master Builders Australia and Australian Forest Products Association (AFPA), the Land Down Under could be facing a deficit of 250,000 wooden house frame packages over the next 15 years if efforts are not made to plant more trees.
Swedish Wood Manufacturer VIDA Investing 10 Milliion Euros in 6 Valutec Continuous Kilns
VIDA, a global supplier of manufactured wood products from sustainable Swedish forests, has announced that it is investing over 10 million Euros in Valutec continuous kilns that will be installed at 6 of the group’s sawmills.
Vietnam Exports of Wood and Wood Products up 54% Year-Over-Year in First Seven Months of 2021
Vietnam is reporting the wood and wood product (W&WP) exports during the first seven months of 2021 reached US$9.26 billion, up 54% year-over-year (July 2020 to July 2021). Vietnam imported US$1.81 billion of W&WP in the first 7 months of 2021, up 39% against the same period of 2020.