News in international markets

UPM Plywood has concluded the change negotiations that were launched in April in UPM Plywood’s business organization, business functions, and global functions in Finland.

OneFortyOne has completed the acquisition of the former New Forests managed Limestone Coast plantation forestry estate.

New Forests announced that its Tropical Asia Forest Fund 2 has made its first investment in timber processing infrastructure in Vietnam by investing in the Tavico Group.

Metsä Group has completed the sale of Metsäliitto Cooperative’s wood supply business in Latvia to ACA Timber.

In value, Brazilian exports of wood-based products (excluding pulp and paper) rose 4.0% year-over-year in April, the ITTO reported.

New Zealand announced a new arrangement with Vietnam that will enhance cooperation in the forestry sector, the Vietnam Investment Review reported.

Metsä Fiber announced the conclusion of change negotiations at its Joutseno and Rauma pulp mills and the Rauma sawmill in Finland concerning potential temporary layoffs.

The plant produces a renewable alternative to fossil coal using sustainably sourced biomass, specifically pre-commercial thinnings of certified forests in Finland.

Moelven plans to close its sawmill in Ransby, Sweden—one of its two sawmills—citing weak profitability due to high raw material and production costs.