Nine in ten Swedish sawmills operating at a loss, Vida CEO says

Sweden’s sawmilling industry is facing some of its toughest conditions in decades, with most mills losing money as high raw material costs, weak construction demand and currency headwinds weigh heavily on profitability. According to Vida AB’s chief executive, Måns Johansson, as many as nine out of ten sawmills in Sweden are currently operating at a loss. He described the situation as unprecedented, pointing to soaring log prices that have sharply eroded margins and a slowdown in building activity across Europe that has reduced demand for sawn wood products. The Swedish krona’s exchange rate has further ...