The operations of Metsä Group’s only production unit in Russia, the Svir sawmill, have been suspended. Wood procurement in Russia for the Svir sawmill and imports to Metsä Group’s Finnish and Swedish mills has also been discontinued.
https://www.metsagroup.com/en/media/all-news/Pages/News.aspx?EncryptedId=8A8E86855E542149&Title=MetsaGroupsoperationsinRussiawillbediscontinuedforthetimebeing
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Due to the current economic environment and the continued significant increase in raw material, manufacturing and logistics costs, Lecta announces a second price increase of 8% on all its 2-side CWF and UWF grades in sheets and reels. The new prices will be effective on deliveries from June 1st, 2021.
Forest Products Association of Canada (FPAC) today expressed its support for the Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union for commencing its provisional application. This agreement will immediately result in the elimination of quotas and tariffs of up to 10% on Canadian exports of wood-based panels and other wood products to the European Union.
“We welcome the provisional application of the agreement, as a start to freer trade within the area,” CEO of FPAC, Derek Nighbor. “The prosperity of the forest products industry relies on strong exports, which CETA will help support.”
Last year the Canadian forest sector exported more than $1 billion of wood, pulp and paper products to the EU member states. This is 3% of total exports of Canadian forest products making Europe the 4th largest international market for the sector. The largest importers of Canadian forest products in Europe are the United Kingdom followed by Germany, Italy, the Netherlands and Belgium. Click Read More below for additional detail.
Canfor Corporation announced that it has acquired 7% of outstanding shares of VIDA AB effective today (12/10/2024). The shares were acquired from certain minority shareholders utilizing their option privileges under the February 2019 agreement in which Canfor purchased 70% of VIDA AB, Sweden’s largest privately owned sawmill company. After concluding this transaction, Canfor owns 77% of VIDA AB.