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UFPI 1Q net earnings up 56% to $32.8 million

Finance12  
Universal Forest Products, Inc. (UFPI) reported record financial results for the 1Q ended March 31, 2018, the eleventh consecutive quarter in which the company has reported records in both net sales and net earnings.1Q 2017 net earnings were $32.8 million, up 56%. EBITDA, which excludes the net gain...
10 Minuten zurück

Siempelkamp to supply MDF line to AGT in Antalya, Turkey

Siempelkamp concluded a contract with Göttinger GIM Export Group for a second MDF line for the Turkish wood-based panel manufacturer AGT based in Antalya. The order for the new line also includes the supply, installation, and startup supervision for the fiber dryer and energy plant by Siempelkamp’s ...
19 Minuten zurück

West Fraser's CEO Ted Seraphim to retire in 2019

West Fraser announced Ted Seraphim’s plan to retire as CEO at the end of the 2Q 2019. West Fraser also announced the appointment of Ray Ferris, Executive Vice-President and Chief Operating Officer, as President and Chief Operating Officer effective immediately. Ray will be appointed CEO upon Ted’s r...
28 Minuten zurück

Smurfit Kappa Piteå installs ContainerEye from PulpEye

The kraftliner mill Smurfit Kappa Piteå in Sweden is the first customer to install ContainerEye, a blue tidy container with a PulpEye cabinet equipped with modules for kappa number, crill, fibre and shives analyses. The ContainerEye is a turnkey delivery ready to connect with sample points, water, e...
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Sonoco’s 1Q net sales increased by 11.2% to $1.30 billion

Finance123  
Sonoco reported financial results for its 1Q, ending April 1, 2018. Net sales for the 1Q were $1.30 billion, an increase of $131.9 million, or 11.2%, from last year’s quarter. The improvement reflects an increase in sales added by acquisitions, the positive impact of foreign exchange, higher selling...
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U.S. packaging papers shipments down 6.6% in March

U.S. total packaging papers shipments in March 2018 were down 6.6% compared to March 2017 and down 6.5% year-to-date, as the American Forest & Paper Association reported.Bag & sack shipments were down 8.3% year-to-date. Multiwall shipments were down 12.6%. Converting shipments were down 2.8%...
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Slovenia: The value of purchased roundwood decreased by 21% in February

Slovenia's roundwood purchased from private owners in February 2018 was worth Euro 3.2 million, which is almost 54% less than in the previous month, mainly due to the lower quantity of purchased wood, as the Statistical Office of the Republic of Slovenia said in the press release received by Lesprom...
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Goodfellow Inc. elects Alain Côté as a Director

The Board of Directors announced the election of Mr. Alain Côté as a Director of Goodfellow Inc. at its Annual Meeting of Shareholders effective April 13, 2018.Goodfellow Inc. is one of eastern Canada’s largest independent re-manufacturers and distributors of lumber and hardwood flooring products.
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Arjowiggins completed the sale of Arjowiggins Security

Arjowiggins completed the sale of Arjowiggins Security to the Blue Motion Technologies Holding investment group. Arjowiggins Security mainly produces banknote paper at the Crèvecœur mill in France.Following the divestment of Dutch-based Arjowiggins Security BV and its Apeldoorn mill in July 2017, th...
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LPR inaugurated new automated line of its service centre in Grand Fougeray, France

The European pallet-pooling specialist LPR-La Palette Rouge (a Division of Euro Pool Group), LPR inaugurated the new automated line of its service centre in Grand Fougeray, France, with its main customers from industry and the fast-moving consumer goods sector in attendance. This centre of more than...
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