News in international markets

ILTE approved a record €150 million loan for FT Board to build a €200 million particleboard plant in Lithuania.

WEINIG Group is launching its Transformation 2027 program, including capacity adjustments affecting about 400 positions, as it responds to global market volatility.

Vida will phase out production at its Gransjö mill in Sweden as expanded capacity at other facilities allows volumes to be consolidated elsewhere.

Swiss Krono has canceled its planned OSB mill in France, citing weak construction markets and the impact of a fire at another plant, La Tribune reported.

Brazilian exports of wood-based products totaled US$263.2 million in December, down 17.0% from a year earlier, ITTO reported.

Södra has completed the sale of its forest holdings in Latvia and Estonia to Ingka Investments for EUR 720 million.

A&J Scott said construction has begun on its Mill 10 sawmill project in Northumberland, with the new facility expected to lift output by 40%.

Södra has cut prices for logs, pulpwood, and fuel wood, citing higher supply and weaker winter demand.

Glennon Brothers has acquired UK timber processor Pontrilas Group, boosting its production capacity and expanding its presence across the UK timber market.