European Commission proposes 12-month delay for EUDR
The European Commission has proposed delaying the start of the EU Deforestation Regulation (EUDR) by 12 months from the original date of December 30, 2024. This delay follows concerns from…
Vessels pile up as dockworkers’ strike disrupts U.S. East Coast ports
The dockworker strike, which started this week on Tuesday, October 1, is causing serious delays for goods entering the U.S. East and Gulf Coasts. Over 45 container ships are waiting…
Construction of One Sky’s new OSB mill to begin in 2025 in Saskatchewan
A new oriented strand board (OSB) mill is set to begin construction in Prince Albert, Saskatchewan, in 2025. The province has allocated nearly 1.2 million cubic metres of timber to…
Century Plyboards explores locations for upcoming plywood plant
Century Plyboards, an Indian plywood producer, plans to increase its production capacity by 30% over the next 12-15 months. This expansion includes building a new facility, with possible locations in…
Kesko acquires three builders’ merchants in Denmark
Kesko has agreed to acquire three Danish builders' merchants: Roslev Trælasthandel A/S, Tømmergaarden A/S, and CF Petersen & Søn A/S, with combined net sales of approximately €400 million and 760…
Vänerply lays off workers and cuts production
Moelven Vänerply is facing a downturn due to decreased construction activity, leading to a 20% reduction in production and a layoff notice affecting up to 18 employees. "We have seen…
Sveza pivots into paper and board production
Sveza, a Russian plywood producer, has acquired the Kama Pulp and Paper Mill located in Krasnokamsk, Perm region, marking its entry into the pulp and paper industry. The acquisition, pending…
Besse Forest Products closes three plants
Besse Forest Products has closed three hardwood veneer and plywood plants in Wisconsin, leading to over 130 layoffs due to an "unprecedented industry downturn." The affected facilities include Wisconsin Veneer…
Latvijas Finieris’s 2023 turnover reached €400 million
In 2023, Latvijas Finieris’ sales reached 404.8 million euros, marking a 15% increase compared to the previous year. Meanwhile, EBITDA rose by 40% to 78 million euros. According to the…
Koskisen invests €3M in new production site in Poland
Koskisen is investing approximately EUR 3 million in a new production facility in Skwierzyna, Poland. The new and current units in Poland manufacture plywood lining for light commercial vehicles under…
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