US hardwood flooring tackles supply chain issues and labor shortages

Last year, the U.S. hardwood industry posted its first year of revenue gains since 2016, buoyed by elevated housing and remodel markets. Gains were driven by a narrower delta versus SPC at the low end that boosted engineered wood revenues, … Continue reading → The...

Bergs to close Broakulla mill in Sweden

After a strategic review of the operations in Bitus AB, a subsidiary of Bergs, the Board of Directors has concluded that future efforts and investments for increased competitiveness and not least in energy efficiency should be concentrated to the existing facilities...

Vida Group says electricity price will affect its production over time

For Sweden’s largest sawmill group, Vida, a price increase of SEK 1/kWh on the electricity price means around SEK 170 million (EUR 16 million) on an annual basis. This corresponds to a cost increase of 10 percent. In the short term, price … Continue reading →...

Italian woodworking technologies business revives this year

Italian woodworking technologies recently recorded a positive exporting trend this year. The trend for the export of Italian woodworking technologies is still positive; in the first five months of 2022 the percentage difference was +2.6 points compared to the same …...

Vietnamese timber exporters struggle to find new markets

Contrary to full orders at the beginning of the year, Vietnamese wood and wooden furniture enterprises are currently facing many difficulties due to the cancellation of orders by customers because of inflation in countries such as the US and the … Continue reading →...