Forest2Market adds Bergs Timber as subscriber to Baltic Rim TPI
November 20, 2015 - Forest2Market announced that Swedish company Bergs Timber has joined its Baltic Rim Timber Price Index and Supply Chain Optimization service. These services, which will be available in Scandinavia and the Baltic Rim in the first quarter of 2016, provide timber pricing, competitive indexing, and other analytics that can be used to extract value from the supply chain.
Forest2Market, a leading provider of market data and analytics in the U.S., Canada and Brazil, and Indufor, a global forest consulting service provider, have formed a partnership to bring this first transaction-based log and fibre pricing and supply chain optimization system to the region.
Forest2Market collects transaction data from subscribers and uses it to produce its flagship measurement tool, the wood raw material price benchmark. The benchmark then serves as the foundation from which value-added analytical tools are produced to help subscribers reduce their costs and refine their supply chains.
Bergs Timber owns three sawmills in southern Sweden and provides forest management and harvesting assistance to forest owners in the area. Peter Nilsson, CEO of the nearly 100-year-old company, believes subscribing to the benchmark will help his company as well as the entire market.
“I firmly think that the information you can provide can help the Swedish and specifically the southern Swedish log market to change in a positive way,” said Nilsson. “The index will provide the facts we need for planning and decision making, and it will also enable us to see the effects of any improvements we make on our competitive position.”
“There is a reason that Bergs Timber has been around for 100 years,” said Pete Stewart, president and CEO of Forest2Market. “They’ve always responded to changes in the market with flexibility and new ideas, and this is no different. Being an early adopter of this service will give them a competitive advantage as they look toward a second century of providing value to their customers with high quality structural timber products and forest management and harvesting practices.”
“We are extremely happy that Bergs Timber has joined Forest2Market’s Baltic Rim Index,” added Indufor’s Antti Kämäräinen. “Bergs and its management are among the preeminent sawmill leaders in the country. We look forward to working with them well into the future to help them maintain their leadership position and usher in positive changes for the forest products industry in Sweden.”
Forest2Market’s Baltic Rim Timber Price Index will bring a new level of confidence and transparency to the forest products, timberland and bioenergy industries in the region. For the first time, buyers and sellers will be able to clearly and confidently compare performance to market, accurately assess market prices and build strong partner relationships, as well as define, measure and adjust strategic decisions based on actual, real-time and actionable data.