Latvian timber product exports to the U.S. continue to grow. However, up until now, most of those shipments have typically been done in smaller quantities and in containers with transshipment in Rotterdam, or in one of the other major European container ports.
News in international markets
German Engineering Federation Anticipates 3% Increase for Woodworking Machinery
VDMA (Verband Deutscher Maschinen-und Anlagenbau, German Engineering Federation) which represents 3300 German and European mechanical and plant engineering companies remains optimistic for an improving business climate in 2021. VDMA is expecting a 3% increase in product sales.
Tulloch Timber (Nairn) Ltd., Receives Highland and Island Enterprise Investment
Tulloch Timber (Nairn) Ltd., a family based sawmiller of Scottish Softwoods, has been awarded a Highlands and Islands Enterprise (HIE) investment of £35,858, that will be used to help support their expansion project.
Brazilian Exports of Wood-Based Products Increase 22% Year-Over-Year in November 2020
According to the International Tropical Timber Organization (ITTO) the value of Brazilian exports of wood-based products (except pulp and paper) in November 2020 amounted to $299.3 million (USD), an increase of 22% when compared to November 2019 (when the value was $245.1 million USD).
China and New Zealand Sign Updated Free-Trade Agreement
It has taken over eight years and thirty rounds of negotiations, but the New Zealand government has just signed what has been called the world’s largest free-trade agreement with China. The new agreement offers several New Zealand goods faster access to Chinese markets and a reduction in tariffs on paper and wood products.
Vinkovci, Croatia, based DI Spačva Timber Company Announces Prospective Buyers Have Started Due Diligence on the Company
DI Spačva, a timber company, based in Vinkovci, Croatia, has announced that prospective buyers have started conducting their due diligence on the company. DI Spačva consists of five factories: a sawmill, a parquet production plant, a final products factory, a veneer factor, and a bio-fuels factory.
U.S. International Trade Commission Determines Wood Mouldings and Millwork from China are Being Sold at Less Than Fair Value
The United States International Trade Commission (USITC) on Friday 22nd January 2021 determined that a U.S. industry is materially injured by reason of imports of wood mouldings and millwork products from China, that the U.S. Department of Commerce (Commerce) has determined are subsidized and sold in the United States at less than fair value.
The Commerce Department Finds No Evidence of Dumping of Wood Mouldings and Millwork from Brazil
The Department of Commerce on December 29th, 2020 announced its final antidumping duty (AD) and countervailing duty (CVD) determination on wood mouldings and millwork products from Brazil and China.
U.S. Export of Wood Pellets Tops 6.69 Million Metric Tons \ $905.71 Million in First 11-Months of 2020
According to data released on January 7th, 2021, by United States Department of Agriculture’s (USDA) Foreign Agricultural Service, the U.S. exported 660,312.5 metric tons of wood pellets in November. This is up from 624,212.9 metric tons in October, but down from 777,976.5 metric tons in November 2019.
AB Karl Hedin Announces Expansion of Krylbo Sawmill Facility
AB Karl Hedin, one of Sweden’s leading privately owned wood groups, has announced their intention to build a new planing mill, with extra storage capacity and further timber kiln drying facilities at its sawmill in Krylbo, Avesta. The Krylbo spruce-pine sawmill has an annual production of capacity of 215,000m3.