Keitele Group is investing more than EUR 40 million to increase annual sawn timber capacity at its sawmill in Keitele, Finland.
News in international markets
Southern Forest Products Association Receives $1.24 Million in USDA Funding to Expand Exports
The SFPA has received $1.24 million in funding over the next five years from the USDA Foreign Agriculture Service’s Regional Agricultural Promotion Program (RAPP).
EU Extends Antidumping Tariffs on Imported Birch Plywood From Russia to Kazakhstan and Turkey
The extension follows an investigation which concluded that EU anti-dumping duties on imports of birch plywood from Russia were being circumvented by imports transshipped from Russia to Kazakhstan and Turkey.
Metsä Group Completes Sale of Russian Subsidiaries to VLP Group
Metsä Group has completed a transaction in which the ownership in the group’s four Russian subsidiaries has transferred to VLP Group.
Weaker UK Construction Output Drags Down Imports of Construction Materials
UK imports of main product groups are up by just 0.2% for the first two months of 2024 when compared to the same period in 2023, The Construction Index reported.
Metsä Group’s Regenerative Forestry Principles Improve Natural State of Forests
Finnish forest owners have welcomed the measures implementing Metsä Group’s regenerative forestry principles, the company said.
IKEA Announces New Wave of Price Cuts
Ingka Group, the largest IKEA retailer with about 90% of IKEA retail sales, said it continues to lower prices despite a challenging year.
City of Beijing Ends Curbs on Multiple Home Ownership in Outer Areas to Stimulate Buying
The City of Bejing relaxed some rules on multiple home purchases after 13 years to stimulate a stagnant property market, the South China Morning Post reported.
Sveaskog, Sweden’s Largest Forest Owner, Announces Timber Price Increases
Sweden’s Sveaskog, a state-owned company and the country’s largest forest owner, announced it was raising the price of timber and pulpwood in large parts of the country.
US Wood Pellet Exports Expand in March
The US exported 938,662.3 metric tons of wood pellets in March, up from 696,692.9 metric tons of in February, a Biomass Magazine review USDA data shows.