Finland's pulp mills generate 12 million tonnes of wood-based …
Dec 9, 2024 · Finland's pulp mills generate 12 million tonnes of wood-based carbon dioxide annually, offering a significant untapped opportunity for carbon capture as highlighted by Kaija Pehu-Lehtonen, project director of Metsä Group’s carbon capture initiative. This effort aligns with EU climate goals and aims to reduce fossil material reliance while fostering industry innovation.
Skogsfond Baltikum sells 1,077 hectares of Lithuanian forest assets …
Dec 6, 2024 · Skogsfond Baltikum AB (publ) has signed a binding agreement to sell all its Lithuanian forest assets, amounting to 1,077 hectares of forest and land.
Hydri selects cross-laminated timber from Södra to construct …
Dec 4, 2024 · Hydri selected cross-laminated timber (CLT) from Södra to construct multiple new hydrogen fueling stations, including locations in Värnamo, Hallandsåsen, and Ödeshög.
Exports of plywood from Russia to U.S. fall 57% in October
Dec 5, 2024 · In October 2024, the exports of plywood from Russia to the U.S. fell 57% year-on-year to 12.3 thousa...
Owner of Europe’s largest sawmill files for bankruptcy
Nov 26, 2024 · The Ziegler Group, one of Europe’s largest wood industry enterprises, has filed for bankruptcy through its parent company, Ziegler Holding GmbH.
China's manufacturing PMI rises to 50.3% in November, …
Dec 4, 2024 · Among the sub-indexes, the production index rose by 0.4 percentage points to 52.4%, indicating increased production activity. The new order index climbed 0.8 percentage points to 50.8%, reflecting a rebound in market demand.
Exports of logs from U.S. to China expand 33% in October
Dec 5, 2024 · In October 2024, the exports of logs from the U.S. to China expanded 33% year-on-year to 268.1 thous...
Builders FirstSource to acquire Alpine Lumber
Dec 24, 2024 · Builders FirstSource, Inc. has entered into a definitive agreement to acquire Alpine Lumber Company, a Colorado-based employee-owned firm with trailing twelve-month (TTM) sales of approximately $500 million as of November 2024.The transaction, expected to close in early 2025, will be funded through existing cash and credit facilities, according to Builders FirstSource .
Canadian sawmills increased lumber production by 4.7% in …
Dec 5, 2024 · However, when comparing year-over-year figures, lumber production in Canada decreased by 5.9%.
Mortgage rates fall to 6.69%, lowest in over a month
Dec 5, 2024 · A year ago, the rate stood higher at 7.03%. The 30-year fixed-rate mortgage (FRM) averaged 6.69% as of December 5, 2024, marking a decline from last week’s 6.81% and reaching its lowest level in over a month, according to Freddie Mac’s Primary Mortgage Market Survey.