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Latest Companies Update

Setra reports SEK-69m operating loss in Q4 2022
06 February, 2023
Swedish wood products company Setra has reported an operating loss of SEK-69m (2021 Q4: SEK369m) for Q4 of 2022.
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UK plywood industry enjoys successful annual dinner at The Brewery
Friday, February 03, 2023 The UK plywood industry converged on central London on January 27 for the second major timber sector event in a day.
Premier Forest Products acquires Decorpanel
Thursday, February 02, 2023 Premier Forest Products has hit the acquisition trail again, this time with the purchase of the Decorpanel panel processing business in Tyne and Wear.
Stora Enso sees 7% dip in 2022 Wood Products division sales
Thursday, February 02, 2023 Stora Enso’s Wood Products division saw a 7% sales decrease in the full year 2022, the company said in latest financial results statement.
TTJ to celebrate 150th anniversary in 2023
Tuesday, January 24, 2023 This year marks the 150th anniversary of the Timber Trades Journal (TTJ)!
Net Zero roadmap for timber sector debuts
Tuesday, January 24, 2023 A new timber industry net zero roadmap shows the timber supply chain is responsible for 1,575,356 tonnes CO2 equivalent (e) territorial emissions – which is about 0.35% of the UK total.
Celtic Offsite teams up with Premier Forest Products
Friday, January 20, 2023 Celtic Offsite has teamed up with Premier Forest Products as part a plan to develop a Welsh supply chain aimed at reducing its carbon footprint and support the local economy.
Dieffenbacher to supply continuous OSB line in rebuild of fire-hit Tolko High Prairie mill
Thursday, January 19, 2023 Tolko Industries Ltd has commissioned Dieffenbacher to supply the core components of a CEBRO smart OSB plant for its production facility in High Prairie, Alberta, Canada.
Egger Group predicts “subdued” second half of its financial year
Wednesday, January 18, 2023 Egger Group has closed the first half of its financial year with a 14% increase in consolidated turnover to €2.26bn but is predicting a “subdued” second half.
Richard Burbidge expands contemporary-look stairpart systems
Wednesday, January 04, 2023 Richard Burbidge - a leading UK manufacturer and supplier of stairparts, decking accessories and decorative mouldings - has expanded its collection for 2023.
National Timber Group acquires specialist fire-rated timber cladding manufacturer NORclad
Wednesday, January 04, 2023 NORclad has become the latest specialist timber products business to join National Timber Group (NTG).
Danish group enters UK builders merchant market with acquisition of Jewson and International Timber
Friday, December 16, 2022 Denmark’s Stark Group A/S has signed a £740m agreement to acquire Saint-Gobain Building Distribution Ltd – including builders merchant giant Jewson – which operates more than 600 branches and distribution centres in the UK.
African mills feel the effects of reduced Chinese demand
Friday, December 16, 2022 African sawmill and plywood facility operators are encountering significant difficulties due to reduction in demand from the Chinese market, according to the latest bulletin from the International Tropical Timber Organisation (ITTO).
PEFC Project first for Austrian CLT plant
Thursday, December 15, 2022 Austria based timber products manufacturer Mayr-Melnhof Holz’s (MMH) new cross-laminated timber plant (CLT) has secured the world's first PEFC project certification for an industrial building of its size.
London Softwood Club swells with numbers for annual luncheon
Tuesday, December 13, 2022 The London Softwood Club’s annual Christmas luncheon set a new attendance record on December 8 with around 190 people gathering together at new venue the Royal Horseguards Hotel in Whitehall Court.
BWF Awards held in central London
Tuesday, November 29, 2022 Winners of the prestigious British Woodworking Federation (BWF) Annual Awards 2022 were announced during an evening of celebration held at the Fitzroy Kimpton Hotel in London on November 25.
Cambridge dining hall wins top prize at Wood Awards
Tuesday, November 29, 2022 University of Cambridge’s Homerton College Dining Hall has been crowned the UK’s best new timber building at the Wood Awards 2022.
Bergs’ interim results reflect deteriorating economic situation
Thursday, November 10, 2022 Sweden-based wood products producer Bergs Group has published its interim results showing how it is being negatively impacted by the deteriorating economic situation.
TDUK dinner held on November 2
Friday, November 04, 2022 About 350 people attended Timber Development UK’s (TDUK) annual dinner on November 2 at 8 Northumberland Avenue, just a stone's throw from Trafalgar Square in central London.
Setra posts interim results
Tuesday, November 01, 2022 Wood products company Setra has reported an operating profit of SEK231m (2021 Q3: SEK600m) for the third quarter of 2022. Net sales totalled SEK1.343bn (2021 Q3 1.56bn).

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