TIMBER-ONLINE.net

Never before has Italy received more glue-laminated and cross-laminated timber from Austria than in the first nine months of 2024. https://lnkd.in/d6eD_z28

According to Ziegler’s insolvency administrator Volker Böhm from Schultze & Braun, all the necessary insolvencies have been filed for. Now, the search for investors is being intensified and direct contact is being made in phases. There is interest from both Germany and abroad. https://lnkd.in/djhdbm5J

Last week, Innsbruck was the center of the timber construction world once again. With over 2,900 participants from 40 nations, the 28th International Timber Construction Forum once again reported a record number of visitors, which was also clearly noticeable in the congress center of the Tyrolean state capital. https://lnkd.in/dF83bRWG

In mid-November, Enviva, the world’s largest wood pellet producer with headquarters in Bethesda (USA), successfully emerged from restructuring proceedings under Chapter 11 of the U.S. Bankruptcy Code. As part of its financial restructuring, Enviva has equitized more than US-$1 billion of indebtedness. According to Enviva, an additional US-$250 million of new money financing through an Equity Rights Offering helped create a stable financial base which ensures sufficient liquidity. https://lnkd.in/dvPra5R4

The further development of the lumber market and the partly scarce supply of log wood were the dominating topics at the 2024 Wood Congress in Düsseldorf. Together with the congress’s organizer and the German Sawmill and Timber Industry Association (DeSH), the Holzkurier discussed these key topics with ten market participants in front of the camera. Almost 350 visitors attended this year’s congress. https://lnkd.in/dM6nEFB5

From January to September, Austria saw its softwood lumber exports to the US decrease by over a quarter. Exports to the Top 3 foreign markets remain constant, whereas increases were recorded in trade with Japan, the Czech Republic and Romania. https://lnkd.in/dhCv-gnT

From January to October, the US imported 28.03 million m³ of softwood lumber, i.e. 421,000 m³ fewer compared to the same period last year. The EU-27’s share in total US imports fell by 3% to 11%. https://lnkd.in/d7PviJRS

In the first three quarters, Sweden’s softwood lumber exports decreased by 5% or 530,000 m³. Nevertheless, 2024 remains one of the strongest export years for the Scandinavian country. https://lnkd.in/d_-iYTuW

1 billion m³ in spruce stocks but less than 30% will remain over the long term. https://lnkd.in/dk4GfXnr

Google is set to purchase 1,400 hectares of forests in Finland, and Ikea will buy round 8,080 hectares in Latvia. The planned use of those forests could not be any more different. Google plans to erect buildings on the purchased land, whereas Ikea will use the forests for its raw material supply. https://lnkd.in/d28PZvCY