News in international markets

The Inter IKEA Group has signed an agreement to acquire its first set of forestlands in Latvia.

The owner of one of Europe’s largest sawmills filed for insolvency in German court last Wednesday, BR24 reported. 

The Finnish Forest Industries Federation reported that its members purchased 32.3 million cubic meters of wood from private forests from January through October.

Danish lawmakers agreed on a deal to plant 1 billion trees and convert 10% of Denmark’s farmland into forest and natural habitats over the next two decades, AP reported.

The Council of the EU gave final approval to a regulation establishing the first EU-level certification framework for permanent carbon removals, carbon farming, and carbon storage in products.

Arauco, the world’s second-largest manufacturer of wood-based panels, has commissioned DIEFFENBACHER to supply an OSB plant to replace an existing MDF line.

Timber imports to the UK have continued to stabilize during 2024, following very similar patterns to those seen in 2023 for the first eight months of the year, TDUK reported.

The Egger Group recently announced a multi-stage investment to upgrade its 22nd plant located in Markt Bibart, Germany, Woodworking Network reported.

The US exported 898,128.2 metric tons of wood pellets in September, up from 775,296.1 metric tons in August, a Biomass Magazine review of USDA data shows.

ABC News featured Australian timber industry advocates calling for extra scrutiny after a quarter of products tested in a verification trial were found to be “potentially misleading.”