At the end of 2023, the total plywood production capacity in China was about 205 million m3 per year.
Market share
Stark Group expands its network around the Finnish capital.
Menasha Packaging Company, LLC plans to infuse $70 million in capital into its Richmond, Indiana footprint as part of an ongoing U.S. network modernization initiative.
Meanwhile, in the first two months of the year, lumber prices began to increase in the main export markets.
This acquisition is part of Home Depot's broader strategy to bolster its presence in the complex professional contractor market, especially as sales in its core do-it-yourself retail segment have begun to wane.
Stark Group plans further expansions, including new stores in Stavanger in April and Slemmestad, near Oslo, in May.
In the near future, 84 Lumber will have increased its presence in California to eight locations, plus two additional facilities currently in the permitting process for La Mirada and Lancaster.
Towards the end of the year, the average price for lumber rose yet it was still lower than the previous year.
With the new expansion, Huber products will now be distributed in 43 BlueLinx outlets.
The new Goldsboro, North Carolina branch is focused on lumberyard customers.