News

Junnikkala building the new sawmill in Oulu, Finland for EUR 70 million

Posted on Jul 26, 2021 Source

Construction is scheduled to start 2022 and be completed by 2023. 

Junnikkala now operates two sawmills in Kalajoki and Oulainen, Northern Finland.

The tallest building in Africa - 385-meter-high Iconic Tower nears completion

Posted on Jul 26, 2021 Source

Building is situated 50 km east of the Egyptian capital Cairo and is being built by the China State Construction Engineering Corporation (CSCEC). 

Started in May 2, 2018 building will consists of office, hotel, business, sightseeing and other functions. 

It is being built on total area of 65,000 square meters, with two floors underground and 78 floors above ground

2021 saw Chinese wood sector affected by high costs of raw materials and a decreased inventory.

Posted on Jul 26, 2021 Source

Domestic wood products are expected to grow by 10% in 2021 to 95 million cubic metres (m3), due to increased logging limit and healthy demand

Wood-based panelling output is expected to expand by up to 11% this year to 310 million m3 due to increasing local and foreign demand

Overall timber exports, as a result of the growing worldwide demand, are anticipated to expand

As per Peab's interim report, Markets remains stable for housing investments in Sweden and Finland

Posted on Jul 26, 2021 Source

In construction, investment is expected to continue to grow in 2021 in Sweden and Norway, but decrease in Finland

According to Global Data , In 2021, Northeast Asia is set to for record growth of 6.8% in construction industry

Posted on Jul 26, 2021 Source

This is expected to rise from US$4.47 trillion in 2020 to US$4.77 trillion in 2021 and will account for 40% of the projected US$11.93 trillion of the global output this year.

Western Europe’s construction declined by 6.4% in 2020, and is forecasted to grow by 5.7% in 2021

Canadian national home sales decreased by 8.4% between May and June 2021.

Posted on Jul 26, 2021 Source

This is the 3rd consecutive decline on monthly basis

On a month-over-month basis, home sales declined 8.4% in June 

On yearly basis it is still up 13.6%. 

United States and Canada, sawmill capacity utilisation rates significantly improve by 4.5% between January to April 2021, y.o.y

Posted on Jul 26, 2021 Source

Compared to the first four months in 2020, US wood production amounted to 12,593 mmfbm compared to 12,048 mmfbm in 2020. 

In April 2021, the production of softwood wood was 3,355 mmfbm compared to 3,331 mmfbm, in March 2021, compared to March 2021.

Softwood lumber production in Canada increased in January to April 2021, by 16%, to 8,450 mmfbm

Canada's lumber production declined to 5 170,3 thousand cubic metres 8.2 percent in April 2021

Posted on Jul 26, 2021 Source

Production was 45.4% higher than in April 2020.

Sawmill shipment of Lumber was up 2.1% from March and up 24.5% from April 2020.

In the first four month of 2021, Jordan's real estate sales rose 34%.

Posted on Jul 26, 2021 Source

Land sales increased by 39% during the same time in 2019 and apartment sale by 19 per cent

Egypt plans for integration of the projects in the Suez Canal Industrial Areas (SCZone).

Posted on Jul 26, 2021 Source

This will be done to localise and meet production of goods and items to meet domestic demands on the market.

The new electronic system will also be implemented offering integrated security for the safe collection and payment of electronic goods via various electronic platforms.

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