Data Pick
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Russian hardwood plywood exports in trouble
During Q3 and Q4 in 2021, the Russian hardwood plywood exports had a declining trend. However, this can be regarded as normal fluctuation compared to the drastic change in the operational environment in March 2022. In the period from...
Commentary
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First rays of spring
Thursday 21 March 2024. - The construction-related wood panels, OSB and softwood plywood, have experienced poor demand for over a year. However, upon examining trade statistics from every continent, we observe that monthly shipping volumes have ceased declining and stabilized. In some cases, volumes are slightly improving, particularly with OSB. Simultaneously, central banks have halted their interest rate increases. In the USA, rates have remained flat since mid-2023, and in Europe, this occurred a bit later. Many businesses would welcome the lower rates to stimulate sluggish demand. Companies eagerly await central banks’ decisions, akin to a drooling dog. On Wednesday, March 20, the Fed kept the interest rate at the current level but announced plans to decrease it in the coming months. Cheaper money should rejuvenate the building sector,...
Curated news picks
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Balchug Capital acquires Syktyvkar Plywood Plant
According to a Newprospect.ru article, Balchug Capital finalized the acquisition of Syktyvkar Plywood Plant LLC (Syktyvkar) at the end of 2024. The deal transferred 83.3% ownership to Balchug Capital and 16.7% to...
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Stiga RM ramps up production with Kuldīga modernization project
Stiga RM's modernization project in Kuldīga is in full swing. The company will demolish the current office building to make way for new conditioning pools. Simultaneously, construction of a new office building is...
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Plywood pull-up bar
Pull-up is an awful exercise but perhaps a plywood bar could make it more fun?!? Check the video on youtube.com.