Saw milling industry

The province of Newfoundland and Labrador has recently invested in two sawmill companies: Holson Forest Products and Burton’s Cove Logging and Lumber Limited.

Finnish forestry’s contribution to the national economy has dropped by half since the start of the new millennium.

The Global Sawlog Price Index (GSPI) in the 2Q/09, increased for the first time since late 2007, reaching $68.87/m3. The Index, which is based on conifer sawlog prices in 19 key regions worldwide from 1995 to present, was still close to its lowest level in five years.

Two large investment projects – included in the list of federal priority projects – were frozen in the Komi Republic with total investment volume amounting to some 70 bln RUR (EUR 1.7 bln). They being:

China forestry sector output totals $195 bln, up 13% year on year