Setra, the Swedish sawmiller, is reporting that in spite of the continuing impact of the COVID-19 pandemic, they have been able to successfully maintain full sawmill production in 2020 and have not had to temporarily furlough any employees. Setra is reporting that deliveries during the second quarter were actually better than expected. Thanks to stronger sales to China, Japan and Sweden. There is some optimism concerning future development, given that deliveries to Europe are expected to increase. In regard to Setra’s investment in the a cross-laminated timber (CLT) factory in Långshyttan, production has begun on schedule, and in the middle of June it was officially announced that Setra had been commissioned to deliver the timber frames for Cederhusen, the Folkhem housing development project.
Period-end comment from Setra Q2 2020