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April 2, 2025
The worst is over for Europe’s building materials industry
The European building materials industry is beginning to rebound after experiencing a significant decline. According to a recent report by ING, this recovery is expected to continue as the housing market steadily improves. US import tariffs on EU products are projected to have a minimal impact on most European building material suppliers. Further recovery expected in the building materials... Continue reading
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April 1, 2025
High costs and sanctions weigh on Russia’s lumber sector
Russia’s lumber industry is undergoing structural disruption due to the ongoing conflict in Ukraine and Western sanctions. International reports indicate that Russia’s lumber exports have contracted by more than one-third compared to pre-conflict levels, impacted by export restrictions and rising international financing costs. As a sector contributing approximately 1% to Russia’s GDP, these... Continue reading
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April 1, 2025
Strike at UPM Plywood mills continues
The five-week strike at forestry giant UPM Plywood in Finland will continue as the UPM and the Industrial Union (Teollisuusliitto) failed to reach an agreement on a new employer-specific collective agreement, said UPM and Industrial Union in on Sunday. The union on Sunday unanimously rejected the mediator's settlement proposal made by conciliator Jukka Ahtela on Friday. The new phase of... Continue reading
