A Sunday fire damaged an exterior wall and electrical components at Tolko’s Lakeview sawmill in Williams Lake, BC, MyCaribooNow reported.
Wood Markets News
Lawmakers Seek to Reauthorize Low-Interest Timber Loan Program
US lawmakers introduced the SAWMILL Act to reauthorize TPEP, offering low-interest, long-term loans for timber and wood processing companies, HBSDealer reported.
Brazilian Exports of Wood-Based Products Fall in October
Brazilian exports of wood-based products totaled $257.3 million in October, down 2.0% from a year earlier, ITTO reported.
Metsä Group to Restart Joutseno Pulp Mill in Finland; Announces Curtailment at Rauma
Metsä Group will restart its Joutseno, Finland, pulp mill on December 8 and begin a one-month curtailment in Rauma on December 15.
Xylo Set to Become UK’s Largest All-Timber Frame Office Building
Global Holdings Management Group selected McLaren Construction to build a 9,290 square meter project set to become the UK’s largest all-timber frame office building, Built Offsite reported.
Russia’s Forestry Industry Expected to Face Steep Production Decline in 2026
Russia’s forestry sector may see a 20–30% output decline in 2026 amid sanctions, high rates, and a strong ruble, The Moscow Times and Interfax reported.
National Timber Group’s 47 UK Sites Placed in Administration
National Timber Group, the UK’s largest independent timber distributor, has entered administration, resulting in 561 redundancies, the BBC reported.
Metsä Fiber Concludes Negotiations on Temporary Layoffs at Four Finnish Sawmills
Metsä Fiber has ended layoff talks at its Lappeenranta, Rauma, Renko, and Vilppula sawmills and may impose temporary layoffs of up to 90 days starting in 2026.
Six-Story Mass Timber Office Building Planned in Penticton, BC
A CA$60 million, six-story mass timber building called Nexus is planned for Penticton, BC’s Innovation District, the Journal of Commerce reported.
BC Civic Hub Showcases Mass Timber and Passive House Design
Castlegar’s new Confluence civic hub showcases passive-house design with locally sourced mass timber and an estimated 80% cut in heating and cooling emissions, naturally:wood reported.