Södra will reduce production at its Värö and Mönsterås, Sweden, sawmills by 20% in Q4 to align with weak demand amid rising costs.
Wood Markets News
EU Imposes Provisional Antidumping Duties on Brazilian Softwood Plywood Imports
The European Commission imposed provisional 5.4% antidumping duties on Brazilian softwood plywood imports, citing below-market pricing that harmed EU producers.
HS Timber Group Finalizes Acquisition of Latvia’s Kurekss
HS Timber Group has completed its acquisition of Latvia’s Kurekss SIA and subsidiary Kurzemes Granulas SIA, bolstering its presence in the Baltics.
Canadian Employment Rises by 67,000 in October; Unemployment at 6.9%
Canadian employment rose by 67,000 in October, while the unemployment rate declined 0.2 points to 6.9%, the lowest level since August.
Stora Enso’s Bad St. Leonhard, Austria, Mill Produces Over One Million Cubic Meters of CLT
Stora Enso’s Bad St. Leonhard mill has surpassed one million cubic meters of total cross-laminated timber production.
West Fraser to Close Mills in Georgia and British Columbia
West Fraser will permanently close its Augusta, GA, and 100 Mile House, BC, sawmills. Indefinite curtailments in Huttig, AR, and Lake Butler, FL, are now permanent.
Chinook Forest Partners to Acquire South Coast Lumber
Chinook Forest Partners agreed to acquire South Coast Lumber, including 104,000 acres and manufacturing facilities.
US Job Cuts Surge in October; Year-to-Date Total Highest Since 2020
US employers announced 153,074 job cuts in October, up 183% from September and 175% from a year ago, CG&C reported.
US Multifamily Developer Confidence Rises in Q3 but Remains Negative
The NAHB Multifamily Production Index rose six points to 46 in Q3, while the Occupancy Index slipped one point to 74.
BC Forestry Trade Mission Travels to Asia to Expand Lumber Markets
BC will lead a seven-day forestry trade mission to Japan and South Korea starting November 8 to expand markets for wood products.