Stiga RM plans to significantly expand its birch plywood mill in Kuldīga this year with an investment of more than 10.5 million euros, LSM reported.
Wood Markets News
US National Interagency Fire Center Wildfire Update for the Week Ending March 22nd
26 new large wildfires were reported during the week. Currently, there are 18,743 acres actively involved in fires.
Canadians Receiving Employment Insurance Benefits Inches Higher in January
In January, the number of Canadians receiving regular Employment Insurance (EI) benefits was up 0.3%.
Roseburg Announces the Closure of Its Missoula, MT, Particleboard Plant
Roseburg announced that it will permanently cease operations at its Missoula, Montana, particleboard plant on Wednesday, May 22nd.
US Existing-Home Sales Increase Month-Over-Month in February, but Remain Lower Year-Over-Year
Existing home sales increased 9.5% month-over-month in February to a seasonally adjusted rate of 4.38 million, the National Association of Realtors reported.
Metsä Group to Temporarily Halt Production at Several Mills in Finland Due to Strikes
Metsä Group announced that production at various Finland-based board mills and sawmills will temporarily shut down due to ongoing strikes.
US Fixed-Rate Mortgages Climb Higher in the Week Ending March 21st
The 30-year fixed-rate mortgage averaged 6.87%, up from last week when it averaged 6.74%, Freddie Mac reported.
The Conference Board’s US Leading Economic Index® Creeps Higher in February
The Conference Board’s Leading Economic Index® increased 0.1% in February, following a decline of 0.4% in January.
Complex Engineering Behind PDX’s Mass Timber Terminal Project
The Engineering News-Record has provided an in-depth update on the progress of Portland International Airport’s new terminal.
US Weekly Jobless Claims Move Lower in the Week Ending March 16th
The advance figure for seasonally adjusted initial unemployment claims was 210,000, a decrease of 2,000 from the previous week.