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Market Report

In March 2021, businessmen Mark Crandall from the United States and Matías Abergo (Enkel Group) from Uruguay confirmed the arrival of Arboreal by acquiring 100% of Frutifor Lumber Company, a pine sawmill located in Tacuarembó. Currently, the sawmill based in Tacuarembó, Uruguay, processes 140,000 m³ of pine.The Arboreal project...
Valutec is supplying a TC continuous kiln to sawmill group Pleasant River, which had previously invested in TC continuous kilns for two sawmills. They are now purchasing a similar installation for their third sawmill in Enfield, Maine.“This proves that our kiln technology is very competitive for North American sawmills....
Henkel Adhesive Technologies strengthens its capabilities for innovative electronics solutions by investing in ioTech, a UK-based start-up with an R&D footprint in Israel. ioTech has developed a disruptive Continuous Laser Assisted Deposition (C.L.A.D.) technology that enables the further miniaturisation of a variety of applications in the electronics industry. With the...
The British Woodworking Federation (BWF), the United Kingdom’s woodworking and joinery industry trade association, has appointed David Oldfield, Commercial Director at Intelligent Door Solutions, as its new President. David will succeed Paul Bailey, Founder and Managing Director of European Doorsets, who is a long-standing member of the BWF Executive...
After 12 years of service to FEP, the European Federation of the Parquet Industry, Lars Gunnar Andersen announced his resignation from his position of Chairman at the 65th FEP General Assembly held online on 10 June 2021. The General Assembly of FEP has taken the unanimous decision to nominate...
Despite disrupted trade due to the pandemic, United States hardwood exports to China began to rebound in 2020 after a dip in 2019.According to the US Department of Agriculture, the total value of American hardwood exports to China reached US$1.15 billion in 2020, a year-on-year growth of 1.6%. The...
Prices for oil and logs rose sharply in the March 2021 quarter, while import and export prices continued to fall overall, announced Stats NZ.Overseas trade index (OTI) import and export prices both fell 0.8% in the quarter to March 2021. Prices remained well below those recorded a year ago,...
The Timber Trade Federation (TTF) is warning timber users that the balance between supply and demand is likely to further tighten in Q3 2021.This statement comes after recent communications from Sweden, who supply almost half of the structural wood that is used in the United Kingdom (UK), that their...
The HOMAG Group got off to a good start into the fiscal year 2021, setting a new record for order intake in the first quarter. The number of orders increased equally strongly in all regions of the world.In the first quarter of 2021, the HOMAG Group’s order intake increased...
According to Swedish Wood, demand for Swedish wood products remains high, but their supply is limited. Despite full production and manufacturing records in March, Swedish sawmills currently have their lowest stock levels in over 20 years, which has put pressure on sawn wood prices. “Demand is growing, and so are...