Wood Markets News


Segezha Group Signs Contract with AS Hekotek to Supply Pellet Equipment for Lesosibirsk Sawmills and Woodworking Plant (LDK No.1)

Segezha Group’s Lesosibirsk Sawmills and Woodworking Plant (LDK No.1) has signed a contract with AS Hekotek to supply equipment for its pellet production facility. The investment is valued at approximately 10.1 million Euros, and the production capacity is projected at 100 thousand tons per year. The facility is scheduled to be online in Q2 of 2023.

Mass Timber Roof to be Crowning Jewel of Portland International Airport’s Expansion Project

The new main terminal at Portland Oregon’s International Airport (PDX) is starting to take shape. The construction of the massive, undulating wood roof is set to be the crowning jewel of PDX’s $2 billion expansion. The 392,000-square-foot mass timber roof is being put together like a huge 3-D puzzle about a mile away from the new terminal.

U.S. Real GDP for Q3 2021 Reported at 2.1% in “Second” Estimate

The Bureau of Economic Analysis (BEA) released today (11-24-21) its “second” estimate of real gross domestic product (GDP) for Q3 2021. The BEA reports GDP was at an annual rate of 2.1%. The GDP estimate released today is based on more complete source data than were available for the “advance” estimate which was issued last month.