The Segezha Group’s Vyatka plywood mill in Kirov, Russia was experiencing a critical defect on the high-grade veneer the plant was producing.
News in international markets
International Accreditation Service® Announces Additional Requirements for Testing of Brazilian Plywood Being Imported into the U.S.
The International Accreditation Service® (IAS) announced, on Friday 6/19, additional requirements for IAS-accredited organizations conducting inspections or testing of plywood products manufactured in Brazil.
Trade Tensions Between China and Canada Increase and Logs this time are at the Forefront
Trade tensions between China and Canada have once again heated up and now logs are at forefront of a new dispute between the two countries.
Canfor Announces Vida Group, a Subsidiary, to Acquire 3 Sawmills from Bergs Timber in Sweden
Canfor Corporation announced on Wednesday 6-17, Vida Group, has entered into an agreement to purchase three sawmills located in Sweden from Bergs Timber for a purchase price of CAD$43 million plus working capital.
China’s Economy is Reopening and Home Prices Hit Seven Month High
According to National Bureau of Statistics data, China’s home prices in May, rose at the fastest pace in the past seven-month period.
Online Virtual Home Tours Help Singapore Homes Sales Rebound 75%
Asia’s property markets are starting to recover from the economic shutdowns due to the COVID-19 pandemic. Singapore is a perfect example.
Japan’s Plywood Imports Increased Significantly in March 2020
Japan’s March 2020 imports of plywood rose 21% and there was a 10% month-on-month increase in import volumes as well.
UPM Plywood Announces Plans to Permanently Close Jyväskylä Finland Plywood Mill
UPM Plywood has announced that it intends to close their Jyväskylä Finland plywood mill.
Drought Poses Significant Threat to Austria’s Forestry Industry
Historical drought conditions threaten Austria’s forests
Russian Log and Lumber Export Volumes Down, Plywood Up in First Quarter
Russian forest product exports mostly down during the first quarter of 2020.