The company attributed the insolvency to delays at a new production facility and plans to seek an investor while reducing operations to one shift.

New orders and output moved above 50 as construction activity slipped.

Private residential spending ran at US$859.0 billion in July, down from US$870.6 billion in June.

Domestic sales fell 4.1%, while U.S. shipments declined amid tariffs. The industry expects full-year sales to decrease approximately 3%.

Price for wood pellets exported from Indonesia upped 2%.

Price for wood chips exported from Indonesia slipped 2%.

Revenue and costs fell 14.6% and 14.3%, respectively, in January-July 2026.

The annual decline narrowed from 1.9% in June to 1.7% in July.

The new system will connect flue gas condensation with Helsinki’s district heating and cooling networks.

Imports of logs to Japan decreased 9%.

Imports of wood furniture to Japan increased slightly 0.3%.

Dry conditions linked to strong El Niño events have historically increased fires and tree losses in parts of South America and Southeast Asia.

Index drops $37 from one month ago with 7% decline since July 2026.

Partnership builds on Southeast success with composite decking and railing products.

Line scheduled for 2028 startup with capacity exceeding 100 million products annually.

The new company is planned to take over UPM’s plywood business after the October demerger and is expected to begin trading in November.