International Internet Magazine. Baltic States news & analytics
Saturday, 21.01.2017, 08:29
After the Lithuanian environment minister initiated restructuring of state forests, analysts say the country's 42 state forest institutions should be restructured within the coming two years, as otherwise the reform may be left unimplemented, writes LETA/BNS.
Keyword tags: Analytics, Lithuania, Markets and Companies, Woodwork
The European Sawlog Price Index reached its lowest level in six years in the 3Q/16 because of lower lumber demand and reduced prices in both domestic and export markets, reports the Wood Resource Quarterly.
Global Timber and Wood Products Market Update - a news brief from Wood Resources International LLC Global trade of softwood lumber forecasted to increase by almost 14% in 2016, driven by higher wood demand in China and the US, according to the Wood Resource Quarterly.
In 2016, the Latvian wood-processing companies united in the industry association Latvijas Koks (Latvian Timber) will have increased their aggregate turnover against last year, the association's executive director Andris Plezers told LETA.
Balta non-life insurer has paid a EUR 4.85 mln indemnity to Latvijas Finieris wood processing company for the damage brought by a fire that destroyed the company's Lignum plant in 2014, reports LETA.
Latvian wood-processing group Latvijas Finieris expects its new birch plywood plant in Kohila, Estonia, to achieve a turnover of EUR 10 mln this year and to quadruple the figure over the next two or three years, Uldis Bikis, CEO of Latvijas Finieris, said in an interview with LETA.