Panels - Market news and analysis


STEICO announces a new joint distribution agreement with MBM Forest Products Ltd

STEICO announces a new joint distribution agreement with MBM Forest Products Ltd to stock and distribute STEICO joists & wall studs from their wholesale distribution hub in Tilbury, Essex, the UK.Alex Campbell, Managing Director of Steico UK commented, “This new partnership with one of the large...

Universal Forest Products' 3Q sales up 28%

Universal Forest Products, Inc. (UFPI) reported record financial results for the 3Q ended September 30, 2017. The Company’s net sales rose 28% over the same quarter of 2016, led by double-digit gains in each of its markets. Net earnings rose 21% over 2016. Both results beat the records set in the 3Q...
October 16, 2017

Louisiana-Pacific acquires International Barrier Technology Inc.

Louisiana-Pacific Corporation (LP) finalized the acquisition of International Barrier Technology Inc. (Barrier), the Watkins, Minn.-based company that manufactures the fire retardant coating used in LP® FlameBlock® fire rated engineered wood products. The $22 million agreement involved cash for shar...
October 16, 2017

Ghana's wood product exports down 21% in 1H 2017

Ghana earned Euro 82.9 million from the export of 152,652 cubic metres of wood products in the 1H 2017. This represented a 25% decline in export earnings and a 21% decline in export volumes compared to the 1H 2016, as ITTO reported.June exports totalled 35,700 cubic metres, down almost 6% year-on-ye...
October 16, 2017

Arauco signs joint venture agreement with ETEX Group

Arauco and ETEX signed a partnership agreement to improve habitability and sustainability in construction with innovations in the development of dry construction solutions with wood for the home, building and remodeling markets. This partnership will have a $6 million investment, starting in Chile t...
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