Woodworking News by Topics

Acquisitions, Mergers and Takeovers

16 hours ago

Reno De Medici acquires remaining 66.67% of the share capital of Pac Service S.p.A.

104  
The Board of Directors of Reno De Medici S.p.A. (RDM) approve the right of first refusal, as provided for in the by-law, aimed at acquiring 66.67% of the share capital of Pac Service S.p.A, a company operating in the field of cutting and processing cardboard, from Bellon’s family, currently majority...
17 hours ago

Stora Enso to divest the Baienfurt sheeting centre in Baienfurt, Germany

97  
Stora Enso has signed an agreement to divest its sheeting centre business in Baienfurt, Germany to Pyroll, a Finnish converting firm. The sheeting centre operations started in April 2009 and is 100% owned by Stora Enso, as the company says in the press release received by Lesprom Network.This divest...
yesterday

Saint-Gobain acquired Scotframe Timber Engineering

307  
Scotframe Timber Engineering has been acquired by multinational construction group, Saint-Gobain. Scotframe, which is headquartered in Inverurie, Aberdeenshire, has more than 160 employees and reported sales last year of GBP 30 million. The company is known for providing modular housing and is a mar...

Analyst Comment

yesterday

In August pulplog inventories in US Northwest reaching lowest level since 2Q 2014 because of unusually long fire season

142  
Overshadowed by BC’s unprecedented wildfire season, the US states of Washington, Oregon, Idaho, and Montana also experienced a significant and disruptive wildfire year, reports the North American Wood Fiber Review. By early September, almost two million acres of forest and rangeland had burned in th...
yesterday

Russian Sveza Group to acquire Tyumen plywood plant

434  
Sveza has already signed an agreement to acquire 100% of the business of the Tyumen Plywood Plant with its owner Almira Karimova, Sveza said in a statement. Tyumen plant produces large-format birch plywood, which is used in construction, engineering, aircraft building and shipbuilding. The deal shou...
November 16, 2017

Pöyry: in 2017-2022 AAGR in Russian OSB market estimated at 5%

164  
Russia is decreasing its share in world plywood production, reported Lesnaya Industriya Daily quoting Cormac O'Carroll, Head of Management consulting in woodworking at Pöyry. 'Russia has all opportunities to supply production with birch logs and to increase production volumes', - said Cormac O'Carol...

Certification and Standardization

November 7, 2017

Winton Global Lumber passes Forest Practices Board audit

127  
An audit of Winton Global Lumber Ltd.’s activities on forest licence A18171, in the Fort St. James Natural Resource District, Canada, found compliance with the requirements of the Forest and Range Practices Act and the Wildfire Act.All activities carried out by Winton Global between June 2015 and Ju...
October 26, 2017

Forest Practices Board to audit forestry operations near Lillooet proceeding in Canada

189  
The Forest Practices Board will examine the activities of 0866740 B.C. Ltd., held by Aspen Planers Ltd., on forest licence A18700 during the week of October 30 to November 3, 2017. Originally scheduled for early July, the audit was postponed due to the forest fire situation at that time, as the Fore...
October 25, 2017

The Forest Practices Board to audit West Fraser Mills in Canada

215  
The Forest Practices Board will examine the activities of West Fraser Mills Ltd. on tree farm licence 52, near Quesnel, Canada, during the week of October 30, 2017. Auditors will examine whether harvesting, roads, silviculture, fire protection and associated planning, carried out between J...

Conferences and Exhibitions

October 25, 2017

Biesse reports 4,000 visitors recorded in 2017 edition of Biesse's Inside

552  
4,000 visitors were recorded as having attended the 2017 edition of Biesse's Inside, company reported. "We are extremely proud that our event has proved so popular among our domestic and international colleagues in the woodworking machinery industry; Inside is a key date for us, and we put a lot of ...
September 12, 2017

Michelman invests in a cutting edge Flexible Packaging Incubator

522  
Michelman will be spotlighting a variety of its flagship functional coating and print receptive technologies for packaging at the Speciality Films and Flexible Packaging Global Summit 2017 being held September 14-15, 2017 in Mumbai, India. Additionally, Mr. Shailesh Nema, Michelman’s India Country M...

Contracts and Orders

17 hours ago

Andritz to supply circulating fluidized bed boiler to Mitsui Engineering & Shipbuilding in Japan

130  
International technology group Andritz has received an order from Mitsui Engineering & Shipbuilding Co., Ltd. (MES), Japan, to deliver a PowerFluid circulating fluidized bed boiler with flue gas cleaning system for a new biomass power plant to be built on the premises of the MES shipyard in Ichi...
November 15, 2017

Lamco Forest Products enters agreement with Intelligent Wood Systems

456  
Lamco Forest Products Inc. of St Felicien, Quebec has entered into an agreement with UK based Intelligent Wood Systems Ltd. ("IWS") of Perth, Scotland, to bring the IWS-FAST holistic Fire Mitigation system to North America.LAMCO VP Sales Andrew Dingman states: "LAMCO's High Value/High Strength Black...
November 15, 2017

Cenveo awarded 2020 U.S. Census Printing and Mailing Contract

160  
Cenveo, Inc. has been awarded the 2020 Census Printing and Mailing Contract from the U.S. Census Bureau. The two-year $61 million contract is one of the largest contracts for printing and mailing ever awarded by the U.S. Government Publishing Office.The contract will involve the manufacturing and fu...

Credits

October 24, 2017

International Paper sells NA consumer packaging business to Graphic Packaging

662  
International Paper sells its North American consumer packaging business to Graphic Packaging Holding in a transaction valued at $1.8 billion, company said in a statement. IP plans to use $660 million in cash proceeds from a loan being assumed by Graphic Packaging to pay down existing debt. IP will ...
September 8, 2017

Kruger to diversify its Québec paper mills in into specialty niches

408  
Kruger Inc. announces a $377.6 million transaction to diversify operations at its Brompton and Wayagamack Mills into specialty niches, such as flexible food packaging, labelling and digital printing. This major project, undertaken in partnership with the Government of Québec, will help to maintain m...
September 8, 2017

Norske Skog entered into a loan agreement for a Euro 16 million liquidity facility

490  
Norske Skog has entered into a loan agreement for a Euro 16 million liquidity facility with holders of a majority of the SSN (Euro 290 million, 2019) to support the group's operating business throughout the recapitalization process.The newly elected Board of Directors of Norske Skog has invited key ...

Duties and Tariffs

17 hours ago

Elliott Baxter to increase selling prices on coated paper and speciality paper

83  
Elliott Baxter to increase selling prices on coated paper and speciality paper, effective December 4, 2017, as the company says in the press release received by Lesprom Network.Coated sheets and reels will increase by 6%- 9%, specialty papers by 6%- 9%.Elliott Baxter is the leading family owned inde...
November 20, 2017

The Navigator Company to increase uncoated woodfree paper prices by 5-7%

205  
The Navigator Company announced that it will be increasing prices across its uncoated woodfree papers portfolio in Middle East, Africa, Asia, Oceania and Latin America, and it will be effective from 1st of January 2018, ranging from 5% to 7%.The Navigator Company is Europe’s largest producer of unco...
November 17, 2017

Sappi to increase prices on woodfree grades by 6-8%

145  
Due to continuing input cost increases and unsustainable profit levels, Sappi is forced to continue passing on this cost inflation by increasing its woodfree grades prices by 6-8% effective on deliveries from January 1st 2018 for all European markets.Despite strong order books margins continue to be...

Earnings Projections

17 hours ago

Case Paper completes installation of new sheeter at its Chicago plant

76  
Case Paper completed the installation of a MarquipWardUnited sheeter at their Chicago, Illinois plant. The new equipment provides custom-sized sheets of both paper and paperboard and has increased the plant’s sheeting capabilities by 30% to approx. 30,000 tons a year, as the company said in the pres...
yesterday

Russian Sveza Group to acquire Tyumen plywood plant

434  
Sveza has already signed an agreement to acquire 100% of the business of the Tyumen Plywood Plant with its owner Almira Karimova, Sveza said in a statement. Tyumen plant produces large-format birch plywood, which is used in construction, engineering, aircraft building and shipbuilding. The deal shou...
November 20, 2017

Voith starts-up new XcelLine tissue machine at Little Rapids Corporation in the US

305  
Voith Paper concluded the start-up of the new XcelLine VTM 3 tissue machine it has supplied to US tissue and specialty paper manufacturer Little Rapids Corporation. The new machine has replaced the company’s old PM 3 at its Shawano production facility in Wisconsin.All of the new VTM 3’s technologies...

Environmental News

yesterday

In August pulplog inventories in US Northwest reaching lowest level since 2Q 2014 because of unusually long fire season

142  
Overshadowed by BC’s unprecedented wildfire season, the US states of Washington, Oregon, Idaho, and Montana also experienced a significant and disruptive wildfire year, reports the North American Wood Fiber Review. By early September, almost two million acres of forest and rangeland had burned in th...
November 10, 2017

Borregaard to reduce NOx emissions by more than 50% from 2018

307  
By investing strongly in various environmental measures, Borregaard will reduce NOx emissions by more than 50% from 2018, as the company says in the press release received by Lesprom Network.One of Borregaard’s energy sources is a bioboiler that converts residual products from vanillin and cellulose...
October 19, 2017

Smurfit Kappa introduced innovative trucks for reducing CO₂ emissions at Piteå paper mill, Sweden

422  
Smurfit Kappa has introduced innovative new trucks which have increased capacity and slashed CO₂ emissions by 20%. The vehicles, which have been pioneered at the Piteå paper mill in Sweden, can handle heavier loads, resulting in a 30% reduction in the number of trips annually, as the company said in...

Facility and Equipment

17 hours ago

Andritz to supply circulating fluidized bed boiler to Mitsui Engineering & Shipbuilding in Japan

130  
International technology group Andritz has received an order from Mitsui Engineering & Shipbuilding Co., Ltd. (MES), Japan, to deliver a PowerFluid circulating fluidized bed boiler with flue gas cleaning system for a new biomass power plant to be built on the premises of the MES shipyard in Ichi...
17 hours ago

Case Paper completes installation of new sheeter at its Chicago plant

76  
Case Paper completed the installation of a MarquipWardUnited sheeter at their Chicago, Illinois plant. The new equipment provides custom-sized sheets of both paper and paperboard and has increased the plant’s sheeting capabilities by 30% to approx. 30,000 tons a year, as the company said in the pres...
18 hours ago

Conifex Timber completes construction and commences start-up of El Dorado Mill in Arkansas

91  
Conifex Timber Inc. completed construction of its sawmill, two continuous dry kilns, and planer mill in El Dorado, Arkansas (the “ED Mill”) on schedule and on budget. Conifex Timber expects to begin testing and commissioning of its planer mill this month and commence commercial operations in Decembe...

Finance

17 hours ago

Tornator's net sales down 10% to Euro 42 million in 1H 2017

109  
Tornator's net sales during the first half of the year were lower than expected, despite the picking up of timber deliveries in the spring. The Group’s net sales were only Euro 42 million, or nearly 10% short of those in the same period a year before, but operating profit remained unchanged. Operati...
20 hours ago

KP Tissue's 3Q revenue increased by 7.5% to $336.3 million

96  
KP Tissue's 3Q 2017 revenue was $336.3 million, compared to $312.8 million in 3Q 2016, an increase of $23.5 million or 7.5%. The increase in revenue was primarily due to higher sales volume, partially offset by the unfavourable impact of foreign exchange on U.S. dollar sales, as the company said in ...
November 20, 2017

Orchids Paper Products Company's 3Q net sales up 14% to 45.2 million

115  
Orchids Paper Products Company reports 3Q 2017 net sales of 45.2 million. Net sales increased $5.5 million, or 14%, compared to the 3Q 2016. EBITDA decreased to $2.9 million, compared to $6.7 million in the 3Q 2016, as the company said in the press release received by Lesprom Network.As a result of ...

Information Technology

November 15, 2017

Lamco Forest Products enters agreement with Intelligent Wood Systems

456  
Lamco Forest Products Inc. of St Felicien, Quebec has entered into an agreement with UK based Intelligent Wood Systems Ltd. ("IWS") of Perth, Scotland, to bring the IWS-FAST holistic Fire Mitigation system to North America.LAMCO VP Sales Andrew Dingman states: "LAMCO's High Value/High Strength Black...
November 13, 2017

SPM Instrument to supply online monitoring systems to SCA Packaging Obbola in Sweden

157  
Swedish pulp and kraft linerboard mill SCA Packaging Obbola is now investing in its first two online systems of the Intellinova Parallel EN model, the most recently developed SPM online system, as SPM Instrument says in the press release received by Lesprom Network.Intellinova Parallel EN is a high-...
October 13, 2017

Stora Enso deploys Rubrik's data management platform at its mill in Ghent, Belgium

400  
Rubrik, the Cloud Data Management Company, announced that Stora Enso has deployed Rubrik’s market-leading data management platform at their paper mill in Langerbrugge, Ghent to protect their virtual and physical workloads.The deployment includes Rubrik Edge, a software-only appliance, to protect the...

International Trade

yesterday

Russian Sveza Group to acquire Tyumen plywood plant

434  
Sveza has already signed an agreement to acquire 100% of the business of the Tyumen Plywood Plant with its owner Almira Karimova, Sveza said in a statement. Tyumen plant produces large-format birch plywood, which is used in construction, engineering, aircraft building and shipbuilding. The deal shou...
November 17, 2017

Japan’s assembled flooring up 26% in September

221  
The value of September 2017 Japan’s imports of wooden flooring up 26% from levels in September 2016 but dipped when compared to a August imports (-12%).For September 2107 HS 441875 accounted for 70% of Japan’s assembled flooring imports followed by HS 441879 at 25%. Shippers in China dominated Septe...
November 16, 2017

China’s radiata pine log imports rose 14% in the 1H 2017

169  
In the first half of 2017 China’s softwood log imports were 17.51 million cubic metres. The main imported softwood log species in the first half of 2017 were radiata pine (7.56 million cubic metres, 43%), spruce and fir (2.51 million cubic metres, 14%), Korean and Scots pine (2.04 million cubic metr...

Investments

yesterday

AkzoNobel completes $10 million sulfur derivatives investment in the US

117  
AkzoNobel’s Specialty Chemicals business has completed a $10 million investment at its LeMoyne sulfur derivatives plant in the US, which supplies essential ingredients used in several major industries. Located in Alabama, the investment includes a 20,000 dry metric ton expansion for ...
yesterday

Russian Sveza Group to acquire Tyumen plywood plant

434  
Sveza has already signed an agreement to acquire 100% of the business of the Tyumen Plywood Plant with its owner Almira Karimova, Sveza said in a statement. Tyumen plant produces large-format birch plywood, which is used in construction, engineering, aircraft building and shipbuilding. The deal shou...
November 16, 2017

WestRock invests $410 million in Florence, South Carolina kraft linerboard mill

351  
WestRock Company announced a planned investment in its Florence, South Carolina kraft linerboard mill. The $410 million investment over two years will include installing a 330” state-of-the-art kraft linerboard machine and related infrastructure that will replace three older, narrow-width paper mach...

Joint Ventures

October 16, 2017

Arauco signs joint venture agreement with ETEX Group

519  
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...
September 29, 2017

Kemira forms joint venture with fatty acid chloride producer in China

257  
Kemira has signed an agreement to form a joint venture - Kemira TC Wanfeng Chemicals Yanzhou ("NewCo") - with Shandong Tiancheng Wanfeng Chemical Technology ("Tiancheng"). NewCo will strengthen Kemira's position as the global leader in Pulp & Paper industry and supports the growth of water treat...
September 6, 2017

Mondi and WWF extend strategic partnership by three years

401  
Mondi Group and WWF International have renewed their global partnership for a further three years, as the company said in the press release received by Lesprom Network.In 2014 Mondi entered into a three-year global partnership with WWF, focusing on promoting environmental stewardship in the packagin...

Legal and Judicial / Legislation

yesterday

Russian Sveza Group to acquire Tyumen plywood plant

434  
Sveza has already signed an agreement to acquire 100% of the business of the Tyumen Plywood Plant with its owner Almira Karimova, Sveza said in a statement. Tyumen plant produces large-format birch plywood, which is used in construction, engineering, aircraft building and shipbuilding. The deal shou...
November 2, 2017

U.S. Department of Commerce finds dumping and subsidization of imports of softwood lumber from Canada

360  
The U.S. Department of Commerce announced the affirmative final determinations of the antidumping duty (AD) and countervailing duty (CVD) investigations of imports of softwood lumber from Canada.While significant efforts were made by the United States and Canada, and the respective softwood lumber i...
October 10, 2017

FFIF proposes extension of current collective labor agreement

227  
Since the spring, the Finnish Forest Industries Federation (FFIF) and the Finnish Paper Workers’ Union have been negotiating over changes to the collective labour agreement. The FFIF has proposed that the current agreement be extended in its current form for a year and that negotiations ove...

Liquidation/Bankruptcy

November 10, 2017

Appvion to consolidate carbonless paper manufacturing operations

307  
Appvion Inc. plans to consolidate the majority of the carbonless paper coating and rewinding operations currently performed at its plant in Appleton, Wisconsin, to its integrated pulp and paper mill in Roaring Spring, Pennsylvania, and relocate the Appleton Plant’s sheeting operations to an Appvion-...
November 9, 2017

Western Forest Products closes Englewood logging train in British Columbia, Canada

837  
Western Forest Products Inc. closes its Englewood logging train in British Columbia, Canada. Logs will be transported by truck at a lower cost to create efficiencies in the transportation of logs to its mills from northern Vancouver Island forestry operations, as the company says in the press releas...
October 24, 2017

UPM Paper ENA to close paper machine at Blandin mill in Minnesota

236  
UPM Paper ENA plans to optimize operations at its UPM Nordland Papier and UPM NorService units in Dörpen, Germany, Europe's biggest fine paper site. Streamlining internal processes and investing in automation will enable a sustainable improvement of the fixed cost structure, as the company says in t...

Management/Corporate changes/Labour

yesterday

FPInnovations appoints Stephane Renou as new President and CEO

96  
FPInnovations appoints Stéphane Renou as President and CEO. Mr. Renou will officially assume his new role on December 14 as successor to Pierre Lapointe, who has held this position since December 2008. A native of Montréal, Stéphane Renou has a number of degrees from Université de Sher...
November 20, 2017

Sustainable Forestry Initiative elects Michael Doss to its BoD

113  
The Sustainable Forestry Initiative Inc. (SFI) elects Michael P. Doss to the SFI Board of Directors. Doss is President and CEO of Graphic Packaging Holding Company.To excel in sustainability and community engagement, Mike and his team focus their efforts on three pillars: preserving the environment,...
November 20, 2017

Sulzer appoints Jill Lee as CFO

160  
Sulzer appoints Jill Lee as CFO and member of the Executive Committee, effective April 5, 2018. Jill is currently Group Senior Vice President and Head of Next Level Program Management of ABB Ltd., the company says in the press release received by Lesprom Network.She will replace Thomas Dittrich, who...

Market share

yesterday

Russian Sveza Group to acquire Tyumen plywood plant

434  
Sveza has already signed an agreement to acquire 100% of the business of the Tyumen Plywood Plant with its owner Almira Karimova, Sveza said in a statement. Tyumen plant produces large-format birch plywood, which is used in construction, engineering, aircraft building and shipbuilding. The deal shou...
November 2, 2017

U.S. Department of Commerce finds dumping and subsidization of imports of softwood lumber from Canada

360  
The U.S. Department of Commerce announced the affirmative final determinations of the antidumping duty (AD) and countervailing duty (CVD) investigations of imports of softwood lumber from Canada.While significant efforts were made by the United States and Canada, and the respective softwood lumber i...

Marketing

September 12, 2017

Michelman invests in a cutting edge Flexible Packaging Incubator

522  
Michelman will be spotlighting a variety of its flagship functional coating and print receptive technologies for packaging at the Speciality Films and Flexible Packaging Global Summit 2017 being held September 14-15, 2017 in Mumbai, India. Additionally, Mr. Shailesh Nema, Michelman’s India Country M...
July 12, 2017

The CPH Group to standardize the branding within its Chemistry and Packaging divisions

448  
The CPH Group is to standardize the branding within its Chemistry and Packaging divisions. The Chemistry Division will now trade solely under the “Zeochem” name, while the Packaging Division will use only the “Perlen Packaging” brand. The actions are the result of a broader reappraisal of the Group’...

Monopolies and Competition

yesterday

Russian Sveza Group to acquire Tyumen plywood plant

434  
Sveza has already signed an agreement to acquire 100% of the business of the Tyumen Plywood Plant with its owner Almira Karimova, Sveza said in a statement. Tyumen plant produces large-format birch plywood, which is used in construction, engineering, aircraft building and shipbuilding. The deal shou...
November 2, 2017

U.S. Department of Commerce finds dumping and subsidization of imports of softwood lumber from Canada

360  
The U.S. Department of Commerce announced the affirmative final determinations of the antidumping duty (AD) and countervailing duty (CVD) investigations of imports of softwood lumber from Canada.While significant efforts were made by the United States and Canada, and the respective softwood lumber i...

New Products and Services

November 17, 2017

UPM Raflatac introduces new Forest Positive concept and RAFNXT+ range of sustainable labeling

199  
UPM Raflatac is introducing to the European market a unique lifecycle approach called Forest Positive along with RAFNXT+, a next-generation solution for sustainable packaging.Forest Positive brings significant benefits for nature because it not only ensures net zero deforestation, but is also proven...
November 17, 2017

EPAL introduced quality-assured EPAL chemical pallets

235  
With the maxim “the chemistry is right”, the European Pallet Association e.V. (EPAL) is launching the independently quality-assured EPAL CP pallets at its press conference in Düsseldorf, Germany. This expands EPAL’s existing and highly successful load carrier portfolio with nine more quality-assured...
November 16, 2017

Metsä Wood expands the Kerto® LVL product range

134  
Metsä Wood is launching the innovative L-panel as part of the LVL product range. L-panel is suitable for a wide variety of applications, from wall and ceiling panels, to door blanks and window frames, as the company says in the press release received by Lesprom Network.Designed with light and non-lo...

Operations

18 hours ago

Conifex Timber completes construction and commences start-up of El Dorado Mill in Arkansas

91  
Conifex Timber Inc. completed construction of its sawmill, two continuous dry kilns, and planer mill in El Dorado, Arkansas (the “ED Mill”) on schedule and on budget. Conifex Timber expects to begin testing and commissioning of its planer mill this month and commence commercial operations in Decembe...
yesterday

Russian Sveza Group to acquire Tyumen plywood plant

434  
Sveza has already signed an agreement to acquire 100% of the business of the Tyumen Plywood Plant with its owner Almira Karimova, Sveza said in a statement. Tyumen plant produces large-format birch plywood, which is used in construction, engineering, aircraft building and shipbuilding. The deal shou...
November 20, 2017

Sweden's notified area of final felling rose by 30% in October

142  
Sweden's total notified area of final felling rose by 30%, or 7,483 hectares in October compared with the corresponding month last year, as the Swedish Forest Agency reported.On the regional level, notified area of final felling increased in all regions. Northern Norrland (Norra Norrland) +30 %, Sou...

Plans and Strategy

18 hours ago

Conifex Timber completes construction and commences start-up of El Dorado Mill in Arkansas

91  
Conifex Timber Inc. completed construction of its sawmill, two continuous dry kilns, and planer mill in El Dorado, Arkansas (the “ED Mill”) on schedule and on budget. Conifex Timber expects to begin testing and commissioning of its planer mill this month and commence commercial operations in Decembe...
yesterday

Ledinek to supply equipment for Södra's CLT facility in Varo, Sweden

111  
Södra decided to invest in a small CLT facility adjacent to Södra’s sawmill at Värö. The facility will have an annual capacity of about 5,000 cubic metres per shift, and require 3-5 new employees during 2018-2019. Södra has selected Ledinek as supplier of the equipment for the cross-laminate...
yesterday

Russian Sveza Group to acquire Tyumen plywood plant

434  
Sveza has already signed an agreement to acquire 100% of the business of the Tyumen Plywood Plant with its owner Almira Karimova, Sveza said in a statement. Tyumen plant produces large-format birch plywood, which is used in construction, engineering, aircraft building and shipbuilding. The deal shou...

Ratings

August 18, 2017

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

291  
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 16, 2017

Combined revenue of 50 biggest Russian wood based companies increased 17.5%

426  
In 2017, a 50 companies make it onto 9th annual ranking of Russia's largest forest based companies, published by the Russian woodworking journal Lesnaya Industriya. Taken as a group, these companies have combined revenues of 482.8 billion roubles ($5.19 billion), up 17.5% from previous ranking. Ilim...
July 17, 2017

Standard & Poor’s upgraded Holmen's credit rating

432  
Standard & Poor’s Ratings Services has upgraded Holmen's credit rating from BBB to BBB+ based on a sustained improvement of earnings and cash-flow, as the company said in the press release received by Lesprom Network.Holmen is a forest industry group that manufactures paperboard, paper and wood ...

Sales and Markets

18 hours ago

Sweden’s stock volumes of coniferous sawlogs, pulpwood and wood chips decreased by 18%

120  
In the autumn, Sweden's stock volumes are lower and this year they have been especially small. The total stocks of coniferous saw logs, pulpwood and wood chips were estimated to 6.3 million cubic meters of September 30, 2017. This is a decrease by 18% compared with the same time last year, as Swedis...
20 hours ago

U.S. printing-writing paper shipments decreased by 7% in October

98  
U.S. printing-writing paper shipments decreased 7% in October 2017, compared to October 2016, as the American Forest & Paper Association reported.Shipments of uncoated free sheet managed a year-over-year increase but this was more than offset by decreases in the remaining three major printing-wr...
yesterday

In August pulplog inventories in US Northwest reaching lowest level since 2Q 2014 because of unusually long fire season

142  
Overshadowed by BC’s unprecedented wildfire season, the US states of Washington, Oregon, Idaho, and Montana also experienced a significant and disruptive wildfire year, reports the North American Wood Fiber Review. By early September, almost two million acres of forest and rangeland had burned in th...

Share Capital

16 hours ago

Reno De Medici acquires remaining 66.67% of the share capital of Pac Service S.p.A.

104  
The Board of Directors of Reno De Medici S.p.A. (RDM) approve the right of first refusal, as provided for in the by-law, aimed at acquiring 66.67% of the share capital of Pac Service S.p.A, a company operating in the field of cutting and processing cardboard, from Bellon’s family, currently majority...
yesterday

Artemis Investment Management no longer has an interest in Cambium Global Timberland’s shares

134  
Cambium Global Timberland Limited announced that Artemis Investment Management no longer has an interest in the Company’s shares.Cambium Global Timberland Limited through its subsidiaries owns a portfolio of forestry-based properties. The Company manages its assets for the production of timber, with...
November 16, 2017

Interfor CFO plans to sell common shares

150  
Interfor Corporation announced that John Horning, Interfor’s CEO who intends to retire on December 31, 2018, has advised the Company of his intention to sell, subject to market conditions, a portion of his Interfor shareholdings over the next 14 months for financial planning purposes.Mr. Horning cur...
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