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The shareholders' meeting approved changes to the articles of association related to corporate governance issues. The number of Latvijas Finieris Executive Board members was increased from 5 to 6 – the new Executive Board member is Lignums mill director Maris Bumanis. He will be responsible for Prod...

The Czech PAPCEL completed acquisition of the Italian company PMT Italia S.p.A., based in Pinerolo. The purchase of manufacturing facilities from PMT premises expanded the manufacturing park and increased the production capacities, as the company said in the press release received by Lesprom Network...

Brazilian exports of wood-based products (except pulp and paper) increased 12.2% in value compared to March 2016, from $202 million to $226.6 million, as ITTO reported.The value of pine sawnwood exports increased 18% between March 2016 ($33.1 million) and March 2017 ($39.2 million). In terms of volu...

Annica Gerentz, Senior Vice President Corporate Communications, has decided to leave Södra on her own initiative. She will be leaving Södra in the autumn and the process to recruit her successor has begun, as the company said in the press release received by Lesprom Network.Over the past years, Anni...

Resolute Forest Products Inc. reported a net loss for the quarter ended March 31, 2017, of $47 million, or $0.52 per share, compared to a net loss of $8 million, or $0.09 per share, in the same period in 2016. Sales were $872 million in the 1Q 2017, down $5 million, or 1%, from the 1Q 2016, as the c...

Slovenia's roundwood purchased from private owners in February 2017 was worth Euro 4.1 million, which is more than 21% 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 ...

MLT Ltd. and the government of Sverdlovsk region, Russia signed a memorandum of cooperation for ‘Creation of high-tech woodworking production in Sverdlovsk region, Russia’, as the company said in the press release received by Lesprom Network.The first stage envisaged by the Memorandum will be a proj...

Vesa Tempakka has been appointed the CEO of Vapo Oy starting from 29 May 2017. Vapo’s previous CEO, Tomi Yli-Kyyny, became the CEO of the electricity distribution company Caruna Oy at the beginning of May, as the company said in the press release received by Lesprom Network.According to Jan Lång, Ch...

Enviva Partners, LP (the “Partnership”) reported financial and operating results for the 1Q 2017. For the 1Q, gross margin improved to $18.5 million, an increase of $2.7 million from the corresponding period in 2016, and Enviva Partners, LP generated net income of $2.5 million compared to $5.5 milli...

Minerals Technologies Inc. has signed an agreement with PT Indah Kiat Pulp & Paper (IKPP), a subsidiary of Asia Pulp & Paper (APP) to build a 125,000 metric-ton per year satellite precipitated calcium carbonate (PCC) plant at its paper mill in Perawang, Indonesia.As part of the agreement, Mi...

In 2016 Latvijas Finieris Group reached a turnover of Euro 213.4 million (9% increase against 2015) and sold 260,000 cubic metres of birch plywood and this is the best sales result in company history. Due to last years’ investments in production capacity, this year Latvijas Finieris is planning 10% ...

Avery Dennison has appointed Nick Tucci, vice president and general manager, Label and Graphic Materials (LGM), North America. In this role, Nick will provide leadership and strategic vision for the North America region. He will also continue his current role as VP Sales, LGM, while searching for hi...

Rayonier Advanced Materials Inc. reported 1Q 2017 net income of $10 million, compared to $21 million in 2016. 1Q 2017 pro forma net income was $10 million, compared to $15 million in 2016. Pro forma net income results for 2016 are adjusted primarily for the gain on debt extinguishment, as the compan...

Total U.S. printing-writing paper shipments decreased 7% in April 2017 compared to April 2016. All four printing-writing grades posted year-over-year shipment declines in April, though the decline for coated free sheet was less than one-half of one percent. Total printing-writing paper inventory lev...

Orchids Paper Products Company reported results for the quarter ended March 31, 2017. Net sales decreased $12.4 million, or 26%, primarily due to heavy promotional activity by brand-competitors and other competitive pressures. 1Q 2017 total net sales were $35.3 million, compared to $47.7 million in ...