Metsä Group has decided to close down the operations of the birch plywood mill by the end of 2025Q1, and operations at the spruce plywood mill will end by the end of 2026 at the latest.
Wood Markets News
US Nonresidential Construction Spending Contracts 0.4% in October
Nonresidential construction spending declined 0.4% in October, the Census Bureau and ABC reported. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.228 trillion.
UK Wood Pellet Imports Expected to Reach Record High in 2024
The UK is expected to import a record 9.641 million metric tons of wood pellets in 2024, Biomass Magazine reported.
US Mortgage Applications Increase in the Week Ending November 29th
Mortgage loan application volume increased 2.8% on a seasonally adjusted basis from one week earlier, MBA reported.
ADP® Reports Private Sector Employment and Compensation Both Increased in November
Private sector employment increased by 146,000 jobs in November, ADP reported. Year-Over-Year, annual compensation was up 4.8%.
West Fraser to Close One of Its Quesnel, BC, Sawmills for Seven Days
West Fraser will close one of its four facilities in Quesnel, BC, for seven days in the last two weeks of the year, The Quesnel Cariboo Observer reported.
Tolko Announces Temporary Layoffs at Both of Its Williams Lake, BC, Locations
Tolko informed some employees at its Williams Lake, BC, locations that they would be temporarily laid off, the Comox Valley Record reported.
Demand in the Construction Labor Market Continues to Weaken in October
The count of open construction sector jobs trended lower, the BLS and NAHB reported.
Kronospan Opens New OSB Production Line in Ukraine
Kronospan has launched a new OSB production line in the Rivne region.
US Job Openings and Labor Turnover Summary for October
As of the last business day in October, the number of job openings was 7.7 million. Year-over-year, the measure was down 941,000.