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August 18, 2017

Heinola to supply a new chamber kilns to Moelven Notnäs AB in Sweden

Swedish Moelven Notnäs AB invests in Heinola's high-class chamber kilns. This kiln order is already second from Moelven to Heinola within one year. These six new chamber kilns type HCH from Heinola Sawmill Machinery Inc. have annual capacity of ca. 40,000 cubic metres, as the company says in the pre...
August 18, 2017

U.S. packaging papers shipments increased by 4.7% in July

U.S. packaging papers shipments in July 2017 were 230,900 tons, 4.7% higher than July 2016, as the American Forest & Paper Association reported.Bag & Sack shipments were up 6.1% year-to-date, while food wrapping shipments were down 9.5% over the same period. The operating rate for July 2017 ...
August 18, 2017

Moody’s Investors Service upgraded Metsä Board's credit rating

Moody’s Investors Service has upgraded Metsä Board's Corporate Family Rating (CFR) by one notch from Ba2 to Ba1, as the company said in the press release received by Lesprom Network.At the same time, Moody’s upgraded Metsä Board’s Euro 225 million senior unsecured bond, that matures on 2019, from Ba...
August 18, 2017

Armstrong Flooring to close two wood flooring manufacturing facilities

Armstrong Flooring, Inc. announced the planned closing of two manufacturing facilities in its Wood Flooring segment, including a solid wood plant in Jackson, Tennessee and an engineered wood plant in Vicksburg, Mississippi.This decision was made primarily to rationalize the plant network in response...
August 18, 2017

Malaysia’s wood product exports rose 6.8% in January-May 2017

Malaysia’s wood product exports rose 6.8% to RM9.75 billion ($2.3 billion) in the first five months of this year compared to the same period a year ago, as ITTO reported.The timber industry was one of the major contributors to national export earnings recording between RM20 billion ($4.7 billion) an...
August 18, 2017

Armstrong Flooring decreased 2Q net sales to $297.3 million

In the 2Q 2017, Armstrong Flooring's net sales were $297.3 million as compared to $323.7 million in the 2Q 2016, a result of a decline in net sales in both the Wood Flooring and Resilient Flooring segments, as the company said in the press release received by Lesprom Network.2Q 2017 net income was $...
August 18, 2017

Fibria’s Horizonte 2 project is 96% complete

Fibria’s Horizonte 2 Project ended 2Q17 ahead of schedule, reaching 96% of physical completion and confirming the early start-up of the industrial plant at the beginning of September 2017. Financial progress came to 69% and total investments in the project remained at R$7.5 billion ($2.4 billion), a...
August 18, 2017

Rengo subsidiary Tri-Wall acquires 95.02% stake in Welsh Boxes and Engineering

Rengo Co., Ltd. announces that its consolidated subsidiary Tri-Wall Limited has acquired a 95.02% stake in Welsh Boxes and Engineering (Holding Company) Limited, the parent company of Welsh Boxes and Engineering Company Limited, through Tri-Wall’s wholly-owned subsidiary.Welsh Boxes is a manufacture...
August 18, 2017

Japan’s imports of wooden windows fell 9% in 1H 2017

Japan’s imports of wooden windows in the first half of 2017 fell 9%, compared to the first half of 2016, as ITTO reported.In May this year there was a turn-around in the value of wooden window imports when there was a 20% surge in the value of imports. This upward trend continued into June with a fu...
August 18, 2017

Bio PAPPEL reports 4% increase in 2Q sales

Bio PAPPEL S.A.B. de C.V. reported 2Q 2017 financial results. In this quarter derived from the strategy of imports substitution and increase in exports, sales increased 4% to $6,078 million pesos ($340 million), although shipments decreased 4%, reaching 422 thousand tons.In this quarter, Bio PAPPEL ...