Wood Markets News


Producer Price Index for Final Demand Increases 0.5% in September

The Bureau of Labor Statistics (BLS) reported today (10-14-21) that the Producer Price Index (PPI) for final demand, seasonally adjusted, increased 0.5% in September. Final demand prices rose 0.7% in August, 1.0% in July, 1.0% in June, 0.8% in May, 0.6% in April, 1.0% in March, and 0.5% in February.

Weekly Jobless Claims Decline in the Week Ending October 9, 2021

The U.S. Department of Labor is reporting that an additional 293,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday, October 9, 2021. This is a decrease of 36,000 from the previous week’s revised level and the lowest level for initial job claims since March 14, 2020.

Segezha Group to Purchase All Assets of Inter Forest Rus. for $512 Million

Segezha Group has announced that it has agreed to purchase the assets of LLC Inter Forest Rus from Bonum Capital Ltd for $515 million. Inter Forest’s assets include wood processing and logging enterprises as well as four woodworking plants, one plywood plant, a river fleet of 98 vessels, and a substantial forest resource base in the Krasnoyarsk and Irkutsk regions of Russia.

Mass Timber Metro Station Under Construction in Naples, Italy as Part of a Major Infrastructure Upgrade

EMBT, the Barcelona-based studio, has revealed images of a mass-timber metro station which is currently under construction in the Centro Direzionale area of Naples, Italy. The Naples Underground Central Station is being built in a neighborhood designed by Japanese architect Kenzo Tange as part of a major upgrade to the city’s infrastructure.