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Disruptions in the global trade of forest products

07 September 2022
One immediate impact of the war in Ukraine and the sanctions by Western countries has been a dramatic reduction in exports of forest products from Russia, Belarus, and Ukraine. The total exports from these three countries were valued collectively at US$17 billion in 2021. Source: Wood
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Fossil based bitumen trial goes to Finland

05 September 2022
Stora Enso and Peab Asfalt paved an area of the Sunila pulp mill in Kotka, Finland, with asphalt in which part of the fossil-based bitumen has been replaced with renewable lignin from wood. Lignin, one of the main building blocks of a tree, is renewable and bio-based, and can be used
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Huhtamaki exits Russia

05 September 2022
Huhtamaki has sold its operations in Russia to Espetina. Espetina is a holding company owned by Alexander Govor and Iury Kushnerov. The transaction includes four manufacturing units in Russia, employing 724 people. Source: Timberbiz Huhtamaki is a global provider of sustainable packag
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Hack a tractor

05 September 2022
Can you hack a tractor? That’s what John Deere asked 20 college students from around the US to attempt to do recently. Source: Timberbiz The week-long event called the Cyber Tractor Challenge was part of the company’s efforts to proactively find and address vulnerabilities within oper
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Global analysis identifies at-risk forests

02 September 2022
In a study published in Science, William Anderegg, the inaugural director of the University of Utah’s Wilkes Centre for Climate Science and Policy, and colleagues quantify the risk to forests from climate change along three dimensions: carbon storage, biodiversity and forest loss from
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Electricity prices soar in Europe curtailing production

02 September 2022
Electricity costs for European countries is hurting production with both Lessebo Paper and Metsa Tissue curtailing production because of the high costs of electricity which was brought about due to sanctions against Russia. Source: Timberbiz The electricity cost for Lessebo Paper has
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Amcor opens innovation centre in China for Asia Pacific region

02 September 2022
Amcor has announced the opening of its latest Innovation Centre in Jiangyin, China. According to Amcor the new centre brings advanced packaging technologies and more sustainable material science to Asia Pacific, helping to drive growth and innovation across the region. Source: Timberb
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Dramatic decline in China’s log imports

31 August 2022
There was a dramatic decline in China’s softwood log imports China’s log imports in the first half of 2022 totalled 22.38 million cubic metres valued at US$4.567 billion, down 29% in volume and 13% in value, however, the average price for imported logs was US$204 (CIF) per cubic metre
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Slowing housing market in US leads to a decline in lumber prices

31 August 2022
Lumber prices fell to a new 2022 low as higher mortgage rates continue to weigh on a slowing housing market. The essential building commodity fell as much as 4% to US$465 per thousand board feet, decisively below the low seen in early August of US$470. Source: Business Insider While t
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Maersk divests its Russian port assets

31 August 2022
Maersk, one of the world’s largest shipping companies, has been looking to divest its Russian assets and now it has announced that it has sold its Russian port assets. Source: Timberbiz Following the announcement of Maersk’s commitment to discontinue activities in Russia earlier this
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