After a strategic review of the operations in Bitus AB, a subsidiary of Bergs, the Board of Directors has concluded that future efforts and investments for increased competitiveness and not least in energy efficiency should be concentrated to the existing facilities in … Continue reading → The post Bergs to close Broakulla mill in Sweden appeared first on Timber Industry News.
For Sweden’s largest sawmill group, Vida, a price increase of SEK 1/kWh on the electricity price means around SEK 170 million (EUR 16 million) on an annual basis. This corresponds to a cost increase of 10 percent. In the short term, price … Continue reading → The post Vida Group says electricity price will affect its production over time appeared first on Timber Industry News.
Wood prices in Sweden are now at or close to peak level, Danke Bank estimates in its review. The demand for wood is also at a peak level, but changes are expected. The situation is exciting, especially for logs: the demand … Continue reading → The post Sweden’s sawn timber market expected to be hot this autumn appeared first on Timber Industry News.
Canfor Corporation announced that effective September 12, 2022, it intends to reduce operations at its Swedish facilities due to a decrease in market demand. According to the press release, the reduced operating schedule will result in a 15% decrease in … Continue reading → The post Canfor to curtail production at its sawmills in Sweden appeared first on Timber Industry News.