Woodworking News by Topics

Acquisitions, Mergers and Takeovers

April 24, 2017

Huhtamaki to sell its manufacturing facility in China

168  
Huhtamaki has agreed to sell one of its manufacturing facilities and the related land usage rights in Guangzhou, China, to Guangzhou Yashao Investment Co. Ltd., as the company said in the press release received by Lesprom Network.The sale is part of the ongoing consolidation of Huhtamaki's foodservi...
April 24, 2017

Rengo acquires 80% stake in PT Indocorr Packaging Cikarang

160  
Rengo announces that Thai Containers Group Co., Ltd. (TCG), a joint venture between Rengo and SCG Packaging Public Company Limited (a subsidiary of The Siam Cement Public Company Ltd.), has completed the acquisition of an 80% stake in PT Indocorr Packaging Cikarang, a manufacturer of corrugated pack...
April 21, 2017

Biesse Group acquires Avant

150  
Biesse Group, has acquired control of Avant, a company specialized in the development of software for the integration and supervision of machining lines and working cells.Avant’s applications are able to automatically manage all the information of the manufacturing process, from cutting to edgebandi...

Analyst Comment

March 14, 2017

In 1Q17 almost 50% of fiber consumed by wood pellet plants in US South was industry and forest residues

322  
Almost 50% of the fiber feedstock for wood pellet plants in the US South was industry and forest residues in the 1Q17, up from 33% five years ago, according to the North American Wood Fiber Review.Wood pellet manufacturers in both the US and Canada are increasingly diversifying their feedstock to re...
January 25, 2017

Sweden's timber imports forecast to grow 40% in 2016

577  
As the rapid growth in timber exports to China is showing no signs of slowing down, the Swedish Forest Industries Federation has predicted a 40% increase in 2016.“Imports of timber products into China has really taken off in recent years, far exceeding our expectations,” said Magnus Niklasson, Marke...
December 12, 2016

WRI estimates global demand for lumber to increase 13.6% in 2016

744  
Wood Resources International (WRI) estimates that the increase of global demand for lumber will be as much as 13.6% in 2016, company said in Wood Resource Quarterly report. The World Trade Organization (WTO) reported in September that overall world ...

Certification and Standardization

April 13, 2017

Two new members joined PEFC International Board

429  
The Programme for the Endorsement of Forest Certification (PEFC) announces that two new members joined PEFC International Board. Peter Crook, from Kingfisher PLC, is new brand owner and retailer representative, and Michael Rose, from the International Association of Machinists and Aerospace Workers ...
April 4, 2017

FSC begins roadmap discussion with the Schweighofer Group

235  
The Forest Stewardship Council (FSC) has agreed to commence a dialogue with the Schweighofer Group in view of developing a roadmap that will seek to address and correct the group’s violations of the Policy for Association (PfA) as put forward in the Complaints Panel report from October 2016. The Sch...
March 29, 2017

Munksjö site in Rottersac, France, receives ISO 22000 Food Safety certification

526  
Munksjö's Rottersac production site in France has been awarded ISO 22000:2005 certification by SGS for its Food Safety Management System, as the company said in the press release received by Lesprom Network.A large proportion of the technical papers manufactured at the Rottersac mill include product...

Conferences and Exhibitions

March 7, 2017

Metsä Board presented new paperboard cup design concept, Lidloc

472  
Metsä Board, part of Metsä Group, presented a revolutionary new paperboard cup design concept called ‘Lidloc’ for the first time at the Packaging Innovations Exhibition held in Birmingham, United Kingdom, on 1–2 March.The Lidloc patented design is based upon an extension to a standard cup structure ...
January 25, 2017

Wood South China 2017 will be held in Guangzhou

433  
Wood South China 2017 (formerly Wood Guangzhou), the leading wood and wood products trade show in China, Incorporating Theme of Wooden House & Structure, will be held in Poly World Trade Center Expo, Pazhou, Guangzhou during May 12-14, 2017.The consumption of wood in China increased year by year...

Contracts and Orders

6 hours ago

Södra and Kährs Group enter new oak partnership

51  
Södra and Kährs Group, a flooring solutions provider, have signed a multi-year sales contract for oak logs from Södra’s members. A partnership has simultaneously been launched around development of the range, and long-term oak management. Södra has been delivering oak logs from its members’ forests ...
April 24, 2017

Springer and Microtec supply equipment to Berneck’s mill in Curitibanos, Brazil

122  
In order to increase production capacity in the dry-sorter and planer line for quality grading of boards at the mill in Curitibanos, Brazil, Berneck decided to invest in new software and machinery products engineered in cooperation with Springer and Microtec. While Microtec delivered all lumber qual...
April 21, 2017

Heinola to supply a new chamber kilns to AS Toftan in Vorumaa, Estonia

208  
AS Toftan from Vorumaa, Estonia, invests again in Heinola's high-class chamber kilns. This kiln order is already second from AS Toftan to Heinola within one year, as the company says in the press release received by Lesprom Network.These six new chamber kilns type HCHD from Heinola Sawmill Machinery...

Credits

yesterday

Huhtamaki signed a Schuldschein loan agreement

136  
Huhtamäki Oyj has signed a freely transferable loan agreement (Schuldschein) of Euro 117 million and $35 million (approx. Euro 33 million), as the company said in the press release received by Lesprom Network.It includes several floating and fixed rate tranches with maturities of 5, 7 and 10 years. ...
April 18, 2017

Conner Industries received a substantial growth capital investment from Argentum

130  
Conner Industries, Inc., a national lumber processor and leading provider of integrated packaging solutions, has received a substantial growth capital investment from Argentum and other existing investors, as well as a group of new investors. Members of Conner’s management team, including its...
April 12, 2017

Mercer International completes acquisition of sawmill and bio-mass power plant in Germany

277  
Mercer International Inc. has completed, through its wholly owned subsidiary Mercer Timber Products GmbH ("MTP"), its previously announced agreement to acquire substantially all of the assets of one of Germany's largest sawmills and a bio-mass power plant, near Friesau, Germany, for approximately $5...

Debt Instruments

January 30, 2017

Catalyst Paper completes recapitalization and privatization

956  
Catalyst Paper Corporation announced that the recapitalization and privatization of the Company have been implemented and are now effective.Pursuant to the recapitalization, Catalyst's outstanding 11% PIK Toggle Senior Secured Notes have been exchanged into each holder of Notes' pro rata share of a ...

Duties and Tariffs

April 21, 2017

Swedish Forest Agency: Sawlog prices fell by 2% in 1Q

103  
Average delivery prices of sawlog in Sweden fell by 2% in the 1Q 2017 compared with previous quarter. The sawlog prices fell by 3% in region South, 2% in region North and was unchanged in region Middle, as the Swedish Forest Agency said in the press release received by Lesprom Network.In total price...
April 20, 2017

Södra raises prices for saw logs and pulpwood

209  
The sawn timber market improved during the spring. Demand for softwood saw logs is high and expected to remain so over the summer and autumn. Södra is therefore raising its prices for softwood saw logs by SEK 50/m³sub. The increase has two components – a price-list increase, and an early-contracting...
April 19, 2017

BASF to increase prices for paper and water chemicals by 5-10%

386  
Driven by continued increases in cost of raw materials, transportation, and energy, BASF will increase prices across the portfolios of paper and water chemicals with immediate effect, as the company says in the press release received by Lesprom Network.Price increases of 5% to 10% globally are targe...

Earnings Projections

March 24, 2017

Japan's production of softwood plywood up 1.4% in January

224  
Japan's production of softwood plywood in January 2017 was 227,700 cubic metres, 1.4% more than January last year and 4.6% less than December, ITTO reported.Fewer working days in December by year-end holidays and lower efficiency of drying by cold weather in the North East and Japan Sea side plants ...
March 23, 2017

Cham Paper Group expects 2016 net revenue of CHF 198 million ($200 million)

233  
Cham Paper Group enjoyed a largely satisfying annual result for 2016. The group has returned to growth after a long and challenging transformation process in the paper division.There were also improvements in terms of profitability whereas the lower end of the target margin range was achieved. The p...
March 6, 2017

Ilim Group anticipates steady rise for its production in China

486  
Ilim Group anticipates a steady rise for its products in China due to increasing hygienic and sanitary paper and pulp production and the expanding packing paper segment in five key regions: Baoding, Sichuan, Xinjiang, Shandong and Henan. Ilim Group also expects export sales in China to exceed 1.9 mi...

Environmental News

April 10, 2017

Woodgrain Millwork applies to DEQ for air quality permit modification

354  
The Idaho Department of Environmental Quality (DEQ) has received a request from Woodgrain Millwork to modify the air quality permit to construct (PTC) that regulates emissions from the company’s lumber mill in Emmett, Idaho.The proposed permit modification will allow the company to install a new boi...
April 6, 2017

UK paper mills continue to reduce emission levels

261  
Official 2016 emissions data has just been released and the downward trend in emissions from the sector has continued. 2016 emissions are 3.4% lower than those in 2015, and an impressive 48.5% lower than in 2008.While some of this reduction can be attributed to lower production, the great majority h...
April 6, 2017

Finnpulp granted environmental permit for planned bioproduct plant

334  
Finnpulp announced that the Regional State Administrative Agency has granted the environmental permit for its planned 1.4 billion euro bioproduct mill, which will be built in Sorsasalo, Kuopio, Finland, along with a wastewater treatment facility that will be connected to the plant.The environmental ...

Facility and Equipment

4 hours ago

Prowell to build two new corrugated sheet plants in Italy and the UK

63  
Prowell, a company belonging to Progroup AG pursues its Two Twentyfive strategy with determination and continues expanding at a fast pace with two further corrugated sheet board plants. Europe’s fastest growing corrugated board manufacturer is thus expanding its production capacities by a further 25...
6 hours ago

Kimberly-Clark invests $75 million for construction of new on-site combined heat-power plant at Mobile, Alabama, mill

102  
Kimberly-Clark Corporation has approved an investment of $75 million for construction of a new on-site combined heat-power plant at its tissue mill in Mobile, Alabama. This plant, to be constructed over a two-year period, is expected to improve the facility's long-term energy efficiency and costs, a...
yesterday

Sateri to expand its viscose stable fiber capacity by 1 million tons per year

116  
Sateri signed an investment agreement with the municipal government of Jiujiang in Jiangxi province to expand its viscose staple fibre capacity in China by up to 1 million tons per year.Sateri is currently the largest producer of viscose in China, with annual capacity in excess of 550,000 tons from ...

Finance

2 hours ago

Avery Dennison reports 1Q net sales of $1.57 billion

48  
Avery Dennison Corporation announced preliminary, unaudited results for its 1Q ended April 1, 2017. Avery Dennison reports 1Q net sales of $1.57 billion“We are off to a strong start to the year, with solid top-line performance and double-digit earnings growth,” said Mitch Butier, Avery Dennison Pres...
5 hours ago

Setra reports 1Q operating profit of SEK 33 million ($3.8 million)

49  
Swedish wood products company Setra reports an operating profit of SEK 33 million ($3.8 million) for the 1Q 2017. Net sales totalled SEK 1,007 million ($115 million), as the company said in the press release received by Lesprom Network.“The higher earnings compared with the 1Q 2016 are explained by ...
yesterday

Graphic Packaging Holding Company 1Q net sales increased by 2.7%

107  
Graphic Packaging Holding Company reported net income for 1Q 2017 of $37 million, this compares to 1Q 2016 net income of $57.5 million. Net sales increased 2.7% to $1,061.5 million in the 1Q 2017, compared to $1,034.0 million in the prior year period, as the company said in the press release receive...

Information Technology

April 21, 2017

Biesse Group acquires Avant

150  
Biesse Group, has acquired control of Avant, a company specialized in the development of software for the integration and supervision of machining lines and working cells.Avant’s applications are able to automatically manage all the information of the manufacturing process, from cutting to edgebandi...
April 11, 2017

Trimble acquires software provider BOS Forestry in Canada

306  
Trimble has acquired Canadian-based BOS Forestry, a provider of collaboration, harvesting, production and lumber sale solutions for small- and medium-sized forestry companies. The addition of BOS Forestry emphasizes Trimble's focus on technologies that address the complete end-to-end ecosyst...
April 7, 2017

Fitnir Analyzers to supply online Ft-Nir analyzer to Harmac Pacific in Canada

291  
FITNIR Analyzers Inc. has been awarded with supplying its state-of-the-art FT-NIR online analyzer system to Harmac Pacific. A single analyzer and field sampling station system will analyze seven recovery and recaust streams at the Nanaimo, BC mill.“Harmac’s primary intention for installing FITNIR On...

International Trade

3 hours ago

Japan’s wooden window imports fell 7%

50  
Year-on-year, Japan’s wooden window imports fell 7% but February 2017 imports rose 7% compared to levels reported for January 2017.Four shippers accounted for almost 80% of Japan’s February 2017 wooden window imports led by the US (42%), China (19%) and the Philippines (18%). The balance of February...
3 hours ago

Japan’s imports of wooden doors down 32% in February

49  
Year-on-year Japan’s February 2017 imports of wooden doors were down once again, this time falling 32% compared to February 2016 and from a month earlier they were down around 19%, as ITTO reported.The continuing downward trend in wooden door imports marks five consecutive monthly declines since Sep...
yesterday

China’s tropical log imports up 2% in 2016

117  
China’s tropical log imports in 2016 totalled 9.1 million cubic metres, up 2% year-on-year and accounted for 19% of the national total. The value of tropical log imports in 2016 was $2.435 billion reflecting, a 15% decline, as ITTO reported.Before its log export ban Myanmar was a major source of tro...

Investments

4 hours ago

Prowell to build two new corrugated sheet plants in Italy and the UK

63  
Prowell, a company belonging to Progroup AG pursues its Two Twentyfive strategy with determination and continues expanding at a fast pace with two further corrugated sheet board plants. Europe’s fastest growing corrugated board manufacturer is thus expanding its production capacities by a further 25...
6 hours ago

Kimberly-Clark invests $75 million for construction of new on-site combined heat-power plant at Mobile, Alabama, mill

102  
Kimberly-Clark Corporation has approved an investment of $75 million for construction of a new on-site combined heat-power plant at its tissue mill in Mobile, Alabama. This plant, to be constructed over a two-year period, is expected to improve the facility's long-term energy efficiency and costs, a...
yesterday

Sateri to expand its viscose stable fiber capacity by 1 million tons per year

116  
Sateri signed an investment agreement with the municipal government of Jiujiang in Jiangxi province to expand its viscose staple fibre capacity in China by up to 1 million tons per year.Sateri is currently the largest producer of viscose in China, with annual capacity in excess of 550,000 tons from ...

Joint Ventures

March 24, 2017

Felix Schoeller Group and the Welbon Group enter into a joint venture

229  
The Felix Schoeller Group and the Welbon Group signed a cooperation agreement. The agreement establishes a 50/50 joint venture: Winbon Schoeller New Materials Co. Ltd. The new company's headquarters are in Longyou in Zhejiang province, China."The joint venture is the result of two years of intensive...
March 9, 2017

International Paper receives $121 million dividend from Ilim Group

391  
International Paper received a dividend of $121 million from Ilim Group, IP's joint venture partner in Russia. The dividend is based on prior year performance, and in 2016, the JV set production records at all three of its mills and realized higher sales volume due to increased demand for its produc...
January 25, 2017

Felix Schoeller Group and Welbon Group enter into a joint venture

1060  
The Felix Schoeller Group and the Welbon Group of Hangzhou, China, who trade in pulp and manufacture specialty papers, signed a cooperation agreement. The agreement establishes a 50/50 joint venture: Winbon Schoeller New Materials Co. Ltd. The new company's headquarters are in Longyou in Zhejiang pr...

Legal and Judicial / Legislation

March 27, 2017

Huber Engineered Woods settles patent lawsuit with Georgia Pacific Wood Products

311  
Specialty building products manufacturer Huber Engineered Woods LLC (“HEW”) has achieved a negotiated settlement with Georgia Pacific Wood Products LLC (“GP”) in the patent infringement lawsuit filed by HEW in the United States District Court for the Western District of North Carolina.The lawsuit, f...
March 16, 2017

Innovations4Flooring wins European Patent Office case against Unilin

244  
Innovations4Flooring (I4F) has won a European Patent Office (EPO) opposition case against the Unilin group. The validity of I4F’s 3L TripleLock EP2440724 was confirmed by the EPO’s opposition division, and all oppositions filed by Unilin on the patent were rejected. This means that licensee...
March 16, 2017

The European Commission approved the combination of Ahlstrom and Munksjö

227  
The European Commission has approved the merger between Ahlstrom Corporation and Munksjö Oyj. Ahlstrom and Munksjö have now received all pre-closing competition approvals required for completing the merger. The merger is currently expected to be completed on or about April 1, 2017. As co...

Liquidation/Bankruptcy

April 6, 2017

Kährs Group closes wood floor production unit in Tuupovaara, Finland

231  
The flooring company Kährs Group is reorganizing its hardwood flooring production and has decided to close its production unit in Tuupovaara, Finland.Twenty-one employees are affected and the implementation of the closure will start immediately and notices of termination will be given to the employe...
March 24, 2017

Huntsman to close remaining operations at its titanium dioxide facility in Calais, France

354  
Huntsman Corporation has announced a plan to close the white end finishing and packaging operation of its titanium dioxide (TiO2) manufacturing facility based in Calais, France, during the 3Q 2017.The announced plan follows the 2015 closure of the black end manufacturing operations and would result ...
March 17, 2017

Drax bids to acquire two distressed US pellet plants

496  
Drax has been notified that the sellers of Texas Pellets and Louisiana Pellets have delayed the processes for the sale out of bankruptcy of these assets, originally scheduled for 1 and 2 March. It is expected that these processes will continue during March, as the company says in the press release r...

Management/Corporate changes/Labour

4 hours ago

James W. Sewall names Peter D’Anieri, CFA, as natural resource consultant

56  
James W. Sewall Company announces the addition of Peter D’Anieri, CFA, to its internationally-known consulting team. Mr. D’Anieri joins Sewall with over 20 years’ experience in forest investment analysis and portfolio management. As part of the Forestry & Natural Resources Consulting group he wi...
yesterday

Kemira appoints Tuula Paajanen as Director, Corporate Responsibility

95  
Tuula Paajanen has been appointed Director, Corporate Responsibility at Kemira starting in May, 2017. She has previously been working in Kemira's corporate responsibility team and held various leadership positions during her 15 years successful career in the company."Tuula has played a significant r...
April 24, 2017

Fábio Fonseca appointed President of Pöyry in Latin America

106  
Fábio Bellotti da Fonseca, currently director of Industrial Process and Infrastructure, has been appointed President of Pöyry in Latin America from 2nd May 2017. He will report to Nicholas Oksanen, Industry Business Group president of Pöyry.“It is with enthusiasm that I take over the challenge to le...

Market share

February 27, 2017

European sawmills gain market share in East Asia

634  
Over the past year, European sawmills have continued to take market share in China, Japan and other countries in East Asia. It has become a natural focus as continued low activity in European construction reduced the lumber consumption there.In China, Europe's (excl. Russia) market share increased t...
February 15, 2017

David Emerson named British Columbia's trade envoy on softwood lumber

434  
A former Canfor chief executive officer, federal cabinet minister and B.C. deputy minister David Emerson has been appointed the B.C. government's trade envoy to the United States to work with Canada and the new administration in the United States in securing a new Softwood Lumber Agreement. “I am ex...

Marketing

January 19, 2017

Gould Paper Corporation rebrands as “JP Gould”

513  
Gould Paper Corporation has brought all of its businesses together under one marketing umbrella “JP Gould.” The new brand underscores the collaborative nature of the company’s global supply chain.David H. Berkowitz, Gould’s CEO & President, stated that the new brand reflects the company’s operat...
January 5, 2017

Raute transfers their market-making to Nordea Bank AB

460  
Raute Corporation has a market making agreement with Nordea Bank Finland Plc in compliance with the Liquidity Providing (LP) requirements issued by Nasdaq Helsinki Ltd.The market making for Raute Corporation is transferred to Nordea Bank AB (publ) as of 2 January 2017 due to the merger between Norde...
December 14, 2016

Segezha Group joined the European Association of Sack Kraft Paper Manufacturers CEPI Eurokraft

544  
Segezha Group (part of Sistema JFSC) has become a regular member of CEPI Eurokraft Association. A large majority of the Association’s board adopted this resolution at the session headquartered in Copenhagen, Denmark. The affiliation approval came after the visit of Elin Floresjö, Secretary General o...

Monopolies and Competition

February 15, 2017

David Emerson named British Columbia's trade envoy on softwood lumber

434  
A former Canfor chief executive officer, federal cabinet minister and B.C. deputy minister David Emerson has been appointed the B.C. government's trade envoy to the United States to work with Canada and the new administration in the United States in securing a new Softwood Lumber Agreement. “I am ex...

New Products and Services

April 24, 2017

Palm started production of improved waste-based fluting at its Descartes mill in France

114  
Palm has recently started producing an improved waste-based fluting from the Descartes mill in France, as the company said in the press release received by Lesprom Network.Both SCT-CD and the CMT values are equivalent to a semi-chemical 1 as specified by Cepi ContainerBoard. The strength of the corr...
April 18, 2017

Norske Skog Saugbrugs develops new technology to produce biocarbon for the alloy industry

304  
Norske Skog has been granted NOK 15.7 million over four years from the Research Council of Norway to further develop the production of biogas fuel at the Norske Skog Saugbrugs in Halden. The project, called "Pyro Gas", has a total budget of NOK 31.5 million. The project fits well into Saugbru...
April 13, 2017

Sonoco launches PromoPeel™ integrated label technology

296  
Sonoco offers PromoPeel™ Integrated Label Technology for flexible packaging, which allows brand owners to create an instant redeemable coupon or label as a part of the product packaging, guaranteeing a consistent label position while saving production time and costs. The label lays flat, removes cle...

Operations

4 hours ago

Prowell to build two new corrugated sheet plants in Italy and the UK

63  
Prowell, a company belonging to Progroup AG pursues its Two Twentyfive strategy with determination and continues expanding at a fast pace with two further corrugated sheet board plants. Europe’s fastest growing corrugated board manufacturer is thus expanding its production capacities by a further 25...
yesterday

Sateri to expand its viscose stable fiber capacity by 1 million tons per year

116  
Sateri signed an investment agreement with the municipal government of Jiujiang in Jiangxi province to expand its viscose staple fibre capacity in China by up to 1 million tons per year.Sateri is currently the largest producer of viscose in China, with annual capacity in excess of 550,000 tons from ...
yesterday

Metsä Board starts up the new extrusion coating line in Sweden

117  
Metsä Board starts up the new extrusion coating line at its Husum mill in Sweden. The new state-of the-art coating line has an annual capacity of about 100,000 tonnes and represented an investment of Euro 38 million, as the company says in the press release received by Lesprom Network.At the same si...

Plans and Strategy

4 hours ago

Prowell to build two new corrugated sheet plants in Italy and the UK

63  
Prowell, a company belonging to Progroup AG pursues its Two Twentyfive strategy with determination and continues expanding at a fast pace with two further corrugated sheet board plants. Europe’s fastest growing corrugated board manufacturer is thus expanding its production capacities by a further 25...
6 hours ago

Kimberly-Clark invests $75 million for construction of new on-site combined heat-power plant at Mobile, Alabama, mill

102  
Kimberly-Clark Corporation has approved an investment of $75 million for construction of a new on-site combined heat-power plant at its tissue mill in Mobile, Alabama. This plant, to be constructed over a two-year period, is expected to improve the facility's long-term energy efficiency and costs, a...
yesterday

Sateri to expand its viscose stable fiber capacity by 1 million tons per year

116  
Sateri signed an investment agreement with the municipal government of Jiujiang in Jiangxi province to expand its viscose staple fibre capacity in China by up to 1 million tons per year.Sateri is currently the largest producer of viscose in China, with annual capacity in excess of 550,000 tons from ...

Sales and Markets

6 hours ago

Södra and Kährs Group enter new oak partnership

51  
Södra and Kährs Group, a flooring solutions provider, have signed a multi-year sales contract for oak logs from Södra’s members. A partnership has simultaneously been launched around development of the range, and long-term oak management. Södra has been delivering oak logs from its members’ forests ...
April 24, 2017

U.S. printing-writing paper shipments decreased by 9% in March

118  
U.S. total printing-writing paper shipments decreased 9% in March 2017 compared to March 2016. Total printing-writing paper inventory levels were essentially flat from February 2017, down less than 1%, as the American Forest & Paper Association reported.Uncoated free sheet (UFS) paper shipments ...
April 21, 2017

Brazil’s wood panel exports increased in the first two months of 2017

128  
Brazil’s wood-based panel exports increased in the first two months of 2017. In the first two months of the year 174,000 cubic metres of wood-based panels were exported, a 40% increase compared to the same period in 2016.Between January to February 2017 export revenue from the entire forestry sector...

Share Capital

April 21, 2017

Sonoco increases common stock dividend by 5.4%

342  
The Board of Directors of Sonoco declared a $.39 per share quarterly common stock dividend, a 5.4% increase from the previous quarterly dividend of $.37 per share.According to Jack Sanders, president and CEO, this is the 35th consecutive year that Sonoco has grown common stock dividends and the 368t...
March 21, 2017

Stella-Jones increases quarterly dividend by 10%

294  
The Board of Directors of Stella-Jones Inc. announces that a quarterly dividend of $0.11 per share, representing an increase of 10% over the previous quarterly dividend, has been declared on the outstanding common shares of the Corporation, payable on April 28, 2017 to shareholders of record at the ...
March 9, 2017

International Paper receives $121 million dividend from Ilim Group

391  
International Paper received a dividend of $121 million from Ilim Group, IP's joint venture partner in Russia. The dividend is based on prior year performance, and in 2016, the JV set production records at all three of its mills and realized higher sales volume due to increased demand for its produc...
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