Russia is also on track to ship almost 32 million m3 of lumber this year representing 23% of globally traded lumber Lumber production has fallen in both the US and Canada in 2019 because of disappointingly low activity in the US housing market and low demand for North American lumber in overseas markets.
The divestment is expected to reduce Stora Ensos annual sales by EUR 40 million. It will also reduce Stora Ensos KVH production capacity by approximately 145 000 m3 The divestment is part of Stora Ensos profit protection programme and it is in line with the Groups strategic transformation to focus on developing integrated mills for wood products production.
PEFC’s Sustainability Benchmarks has approved Three standards that further strengthen and assist in safeguarding forests globally. The revised standards govern chain of custody certification trademark use and conformity assessment Under these revised standards : o Chain of custody will ensure more sustainable sources for acquiring forest-based material by not allowing genetically modified trees as well as conflict timber o The new trademark standard will replace the PEFC Logo usage rules and strengthens the consistent use of PEFC trademarks worldwide by requiring companies to use...
Karelian Wood Company KWC is a logging and wood processing plant with the output capacity of up to 250,000 cubic meters of sawn wood a year from Pin Arctic Oy Company (Finland).
Housing Ministry wants to use Public Procurement Act in order to increase the proportion of wood in the construction industry. Ministry has also shown intent to implement a new law in 2022 on climate declarations for buildings in order to reduce climate impact from buildings during construction. An important step on the road to a climate declaration is to start using the LCA method to identify and quantify the buildings climate impact.
Normal logging activity was disrupted as warm weather causes no winter roads and river crossings creating