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Central European roundwood markets are at a turning point
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Central European roundwood markets are at a turning point

Central European roundwood markets are at a turning point as forests in much of the region have recently suffered extensive damage from a bark beetle outbreak, leading to temporary increases in harvest, lumber production and log export. Central European wood supply is expected to decline towards 2030 in the wake of the outbreak. And new...

CVC, Kronospan eye acquisition of West Fraser Timber
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CVC, Kronospan eye acquisition of West Fraser Timber

Private equity firm CVC Capital and wood panel manufacturer Kronospan have submitted a joint expression of interest to acquire Canadian lumber company West Fraser Timber Co, people familiar with the matter said on Tuesday. CVC and Kronospan have informed West Fraser’s management they would like to proceed with deal negotiations, the sources said. Contemplated acquisition...

Austria: Softwood log prices are falling, energy wood prices are increasing noticeably
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Austria: Softwood log prices are falling, energy wood prices are increasing noticeably

In July, the Austrian construction industry is noticeably weakening. Sales of building products made of wood and lumber have decreased significantly. The Austrian sawmill industry is also sufficiently stocked with softwood sawlogs due to strong deliveries in the 2nd quarter. Demand is correspondingly low at the moment. Longer company holidays and inspection shutdowns to stabilize...

Rising energy prices- an opportunity for the timber industry?
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Rising energy prices- an opportunity for the timber industry?

Sawn timber, glued laminated timber and solid construction timber prices are currently well below last year’s records. However, factors such as the ongoing pandemic and the Ukraine war as well as the partly resulting price increases for energy, transport and logistics do not give rise to a feeling of security. On June 27th, the annual...

Mounting concern over European wood supply
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Mounting concern over European wood supply

After announcing a ban on imports of wood products from Russia and Belarus in April, Estonia finally resisted the impact of the wood shortage, and announced in early June that it would ease logging restrictions on state-owned forests. This has increased Estonia’s harvestable area by nearly 25 percent. Finland is expected to increase its harvest by 3%...

Pellet prices considerably higher in Western Europe on a year ago
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Pellet prices considerably higher in Western Europe on a year ago

Due to the Ukraine war, around 10% of pellets are missing on the world market. This primarily affects power plants that produce electricity with pellets, but the heating industry is also affected and is feeling the increased demand due to higher prices for imported pellets. Thus, the price of wood pellets is considerably higher in some...

Wood prices in Germany start to level off following US trend
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Wood prices in Germany start to level off following US trend

After the massive increase in wood prices last year, the market is leveling off again. Werner Fauth, head of the Ebersberg/Munich East Forest Owners Association, explains that prices fell again by around seven percent last month. In the course of the summer, he believes, the prices will probably fall even further. Above all from the...

UPM sells its Steyrermühl mill in Austria to Heinzel Group
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UPM sells its Steyrermühl mill in Austria to Heinzel Group

UPM has signed an agreement to sell 100% of the shares of its Austrian subsidiary UPM Kymmene-Austria GmbH to the Heinzel Group, a leading pulp, packaging and paper producer and trader in Central and Eastern Europe. The transaction comprises the UPM Steyrermühl site with approx. 400 employees, including the newsprint paper machine with an annual...

Wood supply shortage expected to hit European markets in the coming months
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Wood supply shortage expected to hit European markets in the coming months

European parquet markets have diverged in 2022. While Italy, Scandinavia and Spain have seen continuing increases in demand, the markets in Benelux, France and Switzerland have been flat while sales in Austria and Germany have been declining. To a large extent, this last trend is driven by supply side problems as producers have struggled to...

Significant progress in the European parquet market; outlook uncertain
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Significant progress in the European parquet market; outlook uncertain

The European parquet market progressed significantly in 2021 and reached level not seen since 10 years While an increase in parquet consumption was expected in 2021, reflecting a compensation of the impacts of Covid-19 and the related measures, such as lockdowns, taken in 2020 in some Federation of European Parquet (FEP) countries, we observe that...