Production adjustments at Södra Wood

Södra Wood
August 22, 2022
Category: Business & Politics
Region: International

EUROPE — Södra now expects weaker demand for wood products due to rising inflation and higher interest rates in Europe and the US. As a result of these factors, the sawn timber market was already slowing in the second quarter of 2022 and Södra Wood expects the negative trend to continue throughout the rest of the year. So far, Södra Wood expects the biggest impact on the building materials trade, but also predicts a negative trend in the wood products industry in the second half of the year. …Södra Wood has therefore decided to now reduce sawn timber production by approximately 100,000 m³ for the remainder of 2022. …Södra Wood produces more than 2 million m³ of wood products per year at its eight sawmills. Production will now be adjusted at most of these sawmills and each sawmill will be adjusted individually.

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