Wood Markets News


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.

Construction Job Openings Hold Steady in August

Further analysis of the Bureau of Labor Statistics’ (BLS) August Job Openings and Labor Turnover Survey (JOLTS), provided by the National Association of Home Builders (NAHB) with a look specifically on the construction sector, reveals that overall, the number of open construction jobs held steady in August.

West Fraser Enters into Agreement to Purchase Angelina Forest Products Lumber Mill in Lufkin, Texas

West Fraser Timber Co. Ltd. announced today (10-12-21) that it has entered into an agreement to acquire Angelina Forest Products lumber mill located in Lufkin, Texas for approximately $300 million (USD), subject to certain post-closing adjustments. West Fraser is anticipating the transaction will close following successful completion of U.S. regulatory reviews and satisfaction of customary conditions.

EACOM Timber Corp. Turns to International Recruitment to Fill Labor Gap in Northern Ontario and Northern Quebec

A shortage of available workers to fill open positions at EACOM Timber Corp.’s northern Ontario and Quebec sawmills has the company turning to an international recruitment company for assistance. EACOM has been working with the IVEY Group, a Sudbury, Ontario-based international recruitment and consulting firm, for several years to aid them in recruiting and retaining workers in their northern communities.