Sanctions Affect Tobol Timber as Russia’s Forestry Deteriorates
Unpaid taxes and an increase in the value of the Ruble have led Siberia’s largest timber firm, Tobol Timber, to file for bankruptcy. Russia’s Federal Tax Service has submitted a
EU Deforest Regulation could cost Germany €1.8 billion
The implementation of the EU Deforestation Regulation is expected to cost the German wood industry €1.8 billion, with ongoing annual costs of around €1.2 billion The EU Deforest Regulation (EUDR),
US Lumber Prices Crash by 24%
The US Lumber Prices Crash is sounding alarm bells on Wall Street US Lumber Prices Crash- Wood markets have been whipsawed of late by trade uncertainty and a deteriorating housing
Smuggled Russian timber has been discovered in UK homes.
Smuggled Russian timber—Think Timber—a UK packaging and distribution company—has introduced a QR-coded system to ensure traceability from forest to building site. Smuggled Russian timber-A recent forensic investigation has revealed that
Big Six Nordic Timber Firms are Buckling with Rising Material Costs
Fast Markets reports that soaring wood prices, tariff uncertainty, and currency fluctuations are squeezing margins in H1 2025 for Big Six Nordic Timber Firms (Photo Credit: Alexandre Patchine via Alamy
Drax Under Investigation by the UK’s Financial Watchdog
Energy company Drax is currently facing scrutiny from the UK’s financial watchdog regarding its practices in sourcing wood for biomass pellets. This investigation has been sparked by serious allegations from
The Nordic Timber And Forest Industry Faces Challenges
Six of the major Nordic timber and forest industry companies posted largely challenging results for H1 2025Most companies reported declining profitability despite mixed sales performancesElevated raw materials costs, global trade
Stora Enso’s billion-euro investment in renewable packaging
Stora Enso’s billion-euro investment in renewable packaging – Europe’s most modern consumer board production line inaugurated in Finland Stora Enso’s billion-euro investment in renewable packaging-The largest and most modern consumer
US Duties on Canadian Softwood rises to 35.19%
US duties on Canadian softwood lumber rose to a total of 35.19 per cent, a move that has drawn sharp criticism from political leaders and industry representatives in Canada. US
$1.2B to support Canadian softwood lumber industry
Canada’s new government pledges $1.2B to support Canadian softwood lumber industry $1.2B to support Canadian softwood lumber industry– The global trade landscape has fundamentally changed. To meet this moment, Canada’s