Wood processing - Market news and analysis

April 9, 2018

Independent Stave to build new $66.5 million cooperage in Morehead

Barrel manufacturer Independent Stave Co. will create 220 jobs for Kentuckians with a new $66.5 million cooperage in Morehead.“Independent Stave is a strong corporate partner to Kentucky with multiple locations across the commonwealth. This new investment, which will create 220 jobs in Eastern Kentu...
April 2, 2018

Jeld-Wen Holding completes acquisition of American Building Supply

Jeld-Wen Holding, Inc. has completed acquisition of American Building Supply, Inc. (ABS), a provider of doors, millwork, and related value-added services, company said in a statement. ABS excels in supporting distributors, dealers, and home centers with a broad product range of doors, frames, and ha...
March 29, 2018

Lesprom Network: Russia’s import of woodworking machines increased by 60.7% in 2017

In 2017, Russia sharply increased woodworking machine imports (+60.7%) after a decline of 15.6% in 2016. This may indicate that companies of Russian forest-based industries have adapted to the current exchange rate of the national currency, according to the analytical report "Russian forest-based...
March 23, 2018

Homag and KUKA enter into strategic partnership

The Homag Group and KUKA signed a strategic partnership agreement at the HOLZ-HANDWERK trade fair in Nuremberg, Germany. The companies have agreed intensive cooperation on global development projects. Two such projects have already been launched in China and Germany. The aim of the partnership is to...
March 13, 2018

Brazilian Expoforest draws more than 220 participating companies

The Brazilian forestry market is one of the few segments that do not directly reflect the country’s economic situation. Even with the threat of recession and political scandals abounding, the forestry sector exported over $7.7 billion in 2017. This figure represents an 11% growth from the previous y...
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