Blog categorized as Industry News

Lunawood receives FSC certification

West Fraser Timber Co. Ltd. reports fourth-quarter 2024 sales of $1.4 billion, with a net loss of $62 million. Annual sales reach $6.2 billion, with a $5 million loss for the year.

To increase its drying capacity HS Timber's Luvian Saha Oy is investing in one FB-continuous kiln and modernization of three older continuous kilns from Swedish Valutec to its sawmill in Finish Luvia.

Setra Group AB is considering selling its sawmill in Malå, Sweden, during 2025, aiming to strengthen its operations in central Sweden. The company expects an improved raw material supply in that region, contributing to long-term growth opportunities

In March, Vida will stop sawing timber for a week, a reaction to the soaring prices. CEO Måns Johansson hopes that their decision will calm the market. "If we are going to run a serious business, it cannot take further steps upwards," he says.

Western Forest Products sells private land on Northern Vancouver Island to Eastwood Forests

At year-end, stocks of softwood sawlogs were two per cent lower than on 31 December 2023. Photo: Pär Andersson

Ingka Investments commits $50 million to Vistria Group for affordable housing in U.S.

SPM Instrument AB has received a strategically important order from Nordic Paper's mill in Bäckhammar in Värmland, Sweden, for a larger volume of the Airius LTE-M wireless vibration sensor.

Swedish sawmills sawed the same volume last year as in 2023, despite a weak market for products from the wood industry. Good exports outweighed it, according to the Swedish Forest Industries Federation. Photo: Pär Andersson