To meet growing global demand and product shortages, Swedish sawmilling group Setra, announced in their Q3 results publication, that they plan to fully ramp up production during the fall. Setra said the market situation has markedly improved in Q3, with the European market recovering strongly and exports from Europe to the US also rising steeply. Combined with lower production volumes in Canada, this has led to a general shortage of goods in the global market. Katarina Levin, Setra’s CEO, said, “The current situation of strong demand and lack of supply gives Setra an opportunity to fully ramp up production over the autumn.” Levin went onto say “The global COVID-19 situation makes it difficult to judge how the market is going to develop in early 2021 but, based on the situation right now, the prospects look much better than they did earlier this year.” The Q3 report also highlighted that in the end of September Setra made their first delivery of cross-laminated timber (CLT) for Bologna 1, the first of four apartment blocks that make up the Cederhusen development in central Stockholm. Cederhusen is being built by Folkhem as Sweden’s largest mass-timber built residential neighborhood. CLT deliveries for Bologna 1 are planned to continue for the rest of the year and into January 2021.
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Setra plans to ramp up production in response to global demand