Woodworking News by Topics

Acquisitions, Mergers and Takeovers

September 22, 2017

Grigeo to sell fiberboard manufacturing subsidiary Grigeo Baltwood to Homanit Holding

169  
AB Grigeo and UAB Grigeo Baltwood signed a letter of intent with the German company Homanit Holding GmbH regarding the sale of 100% of the shares of UAB Grigeo Baltwood.Upon accomplishment of the transaction, within a period of a year and a half, Homanit Holding GmbH intends to invest Euro 65 millio...
September 20, 2017

BW Papersystems acquires Zerand

242  
Merger expands company’s machine solutions in the folding-carton industry BW Papersystems, a Barry-Wehmiller company and capital equipment supplier for the paper industry, has acquired North American Cerutti Corp.’s Zerand division, from Officine Meccaniche Giovanni Cerutti S.p.A. Fredericks ...
September 19, 2017

Platinum Equity to sell NILCO to U.S. Lumber

139  
Platinum Equity has signed a definitive agreement to sell NILCO to U.S. Lumber Group. Financial terms of the transaction were not disclosed. The sale is expected to close during the 4Q, subject to regulatory approval and certain closing conditions, as the company says in the press release received b...

Analyst Comment

August 4, 2017

In 2Q 2017 orders for Italian woodworking technologies increase by 31.9%

298  
In the April-June 2017, orders for Italian woodworking technologies recorded 31.9% growth rates, compared to the same period of 2016 (previous quarter growth was 22.2%), reported Italian woodworking machinery and tools manufacturers’ association Acimall. The final figure results from the performance...

Certification and Standardization

September 20, 2017

Mondi Neusiedler receives EN 15593 certification by SQS for its hygiene management system

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[if gte mso 9]> Normal 0 false false false MicrosoftInternetExplorer4 Mondi Neusiedler completed the certification process for food safety management and has been awarded the EN 15593 certification by the renowned Swiss certi...
September 19, 2017

Ence's new 40 MW biomass power plant in Spain gets its Integrated Environmental Authorization

193  
The Territorial Delegation of Environment and Spatial Planning in Huelva, Spain, has communicated to Ence (Energía and Celulosa) the Integrated Environmental Authorization of the future low emission renewable energy plant with biomass of 40 MW that the company will build in its Huelva operating head...
September 12, 2017

Domsjös environmental management system standard has been approved

195  
Domsjös environmental management system has now, after an external audit, been approved according to the ISO 14001 standard, as the company said in the press release received by Lesprom Network.They have approved the working method implemented to control, drive and follow up Domsjös environmental wo...

Conferences and Exhibitions

September 12, 2017

Michelman invests in a cutting edge Flexible Packaging Incubator

224  
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...
May 16, 2017

EGY WOOD EXPO will be held in Cairo, Egypt

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EGY WOOD, the international trade fair for furniture production technologies, woodworking machinery, tools, fittings, accessories, raw materials and products, will be held in New Cairo Exhibition Center in Cairo, Egypt, during December 7-10, 2017.The exhibition is expecting about 100 participants fr...

Contracts and Orders

September 22, 2017

Greycon to implement advanced scheduling planning system for Saica's mill in France

120  
SAICA selected Greycon to implement opt-Studio, Greycon’s advanced scheduling planning system. All systems went live for the first pilot mill in France. With this initial go-live, SAICA has improved visibility over French production planning, done completely remotely from Spain offices.Greycon’s opt...
September 21, 2017

Norbord started-up OSB production at its Inverness mill in the UK

233  
Norbord completed GBP 95 million ($129 million) investment at its OSB mill in Inverness, the UK. The equipment includes the forming line, the screening, blending and resin system, the heat energy system, dryer and WESP stack. HOLTEC has been responsible for the wood room starting from the infeed sys...
September 20, 2017

Voith builds two paper machines for banknotes in Mysore, India

163  
Voith supplied two complete production lines to Mysore – Bank Note Paper Mill India (Pvt.) Ltd., in Southern India, as the company said in the press release received by Lesprom Network. The scope of supply included the water mark wire workshop, cotton, stock and broke preparation and...

Credits

September 8, 2017

Kruger to diversify its Québec paper mills in into specialty niches

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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

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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 ...
July 7, 2017

Orchids Paper Products receives lender consent for amendment of credit agreements

360  
Orchids Paper Products Company entered into the credit agreement amendment to its Second Amended and Restated Credit Agreement dated June 25, 2015 by and among the Company, U.S. Bank National Association and the other lenders party thereto (the "Credit Agreement").The Credit Agreement Amendment, amo...

Duties and Tariffs

September 13, 2017

Sappi to increase prices on WFU and WFC grades by 5-8% in October

198  
Due to an unexpected further sharp rise in raw material prices, Sappi Europe is forced to continue passing on this cost inflation by increasing its WFU and WFC sheets and reels grade prices from October 2017 onwards by 5-8%. Despite strong order books and good operating rates, margins con...
August 31, 2017

Kemira announces price increase for silicone defoamer in the Americas

206  
Kemira will implement a price increase of 5% for all silicone emulsion defoamer products as well as an increase of up to 25% for silicone concentrate defoamer products sold for use in the Pulp and Paper market in the Americas. These adjustments will be effective October 1, 2017, or as contract terms...
August 16, 2017

Norway's roundwood sales decreased by 9%

201  
Norway's roundwood sales decreased by 9% from the 2Q 2016 to the 2Q 2017, while the average timber price rose by 8%. Forest owners obtained NOK 348 ($43.8) per cubic metre of timber; an increase of NOK 27 ($3.4), as Statistics Norway (Statistisk sentralbyra) reported.A total of 2.7 million cubic met...

Earnings Projections

August 4, 2017

In 2Q 2017 orders for Italian woodworking technologies increase by 31.9%

298  
In the April-June 2017, orders for Italian woodworking technologies recorded 31.9% growth rates, compared to the same period of 2016 (previous quarter growth was 22.2%), reported Italian woodworking machinery and tools manufacturers’ association Acimall. The final figure results from the performance...
July 7, 2017

Cham Paper expects to increase operating profit in 1H 2017

345  
Business activities of the Cham Paper Group are developing favorably in 2017. The paper division is benefiting from the excellent reputation of its products in the market, where the sales department is increasingly concentrating on the sale of specialty papers which carry higher margins. At the same...

Environmental News

September 20, 2017

Two Sides reports a 61% success rate in removing misleading environmental claims

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Two Sides, the global initiative to promote the sustainability of print and paper, reports a 61% success rate in removing misleading environmental claims made by some of the world’s largest corporations as they seek to replace paper-based communications with lower cost electronic alternative...
September 19, 2017

Ence's new 40 MW biomass power plant in Spain gets its Integrated Environmental Authorization

193  
The Territorial Delegation of Environment and Spatial Planning in Huelva, Spain, has communicated to Ence (Energía and Celulosa) the Integrated Environmental Authorization of the future low emission renewable energy plant with biomass of 40 MW that the company will build in its Huelva operating head...
September 15, 2017

The European Union recycled 47% of all beverage cartons in 2016

162  
In 2016, the European Union recycled 47% of all beverage cartons placed on the market, or some 430,000 tonnes, according to the latest industry figures gathered by ACE, the Alliance for Beverage Cartons and the Environment.The combined weight of beverage cartons recycled or recovered rose to roughly...

Facility and Equipment

September 22, 2017

Greycon to implement advanced scheduling planning system for Saica's mill in France

120  
SAICA selected Greycon to implement opt-Studio, Greycon’s advanced scheduling planning system. All systems went live for the first pilot mill in France. With this initial go-live, SAICA has improved visibility over French production planning, done completely remotely from Spain offices.Greycon’s opt...
September 22, 2017

Tetra Pak invests Euro 30 million in state-of-the-art technology in Denton factory, Texas

181  
Tetra Pak's Packaging Material Converting Factory in Denton, Texas, is getting ready for new technology to support the growth of its business in the U.S. and Canada. The plant's expanded capabilities are made possible through a sizeable Euro 30 million investment in factory upgrades, including a new...
September 22, 2017

International Paper to convert paper machine at Riverdale mill in Alabama

147  
International Paper plans to invest approximately $300 million to convert its No. 15 paper machine at the Riverdale mill in Selma, Alabama, from uncoated freesheet to high quality whitetop linerboard and containerboard. The conversion is targeted to be completed by mid-year 2019. The investment will...

Finance

September 22, 2017

Precious Woods Group reports 7.5 % increase in 1H 2017 sales

147  
The net sales of the Precious Woods Group in the first half-year 2017 were Euro 22.5 million and thus 7.5 % higher than the same period of the previous year (Euro 20.9 million). The exchange rate effect was 0.4 %, as the company said in the press release received by Lesprom Network.The gross profit ...
September 22, 2017

Sonae Indústria's turnover up 1% to Euro 121.8 million in 1H 2017

149  
Sonae Indústria reports unaudited сonsolidated кesults for the 1H 2017. Consolidated turnover for the first half of the year reached Euro 121.8 million, an improvement of 1% vs. 1H 2016 (Euro 1.2 million) benefiting from the appreciation of the Canadian dollar vs. the Euro.Sonae Indústria consolidat...
September 6, 2017

Lee & Man Paper's 1H net profit surges 53.4% to HK$2.19 billion ($281 million)

223  
Lee & Man Paper Manufacturing Limited announced its interim results for the six months ended 30 June 2017. During the period under review, the Group recorded a total sales volume of 2.77 million tons and a total revenue of HK$11.44 billion ($1.5 billion), compared to HK$8.37 billion ($1 billion)...

Information Technology

September 21, 2017

Ponsse and Epec to open a product development unit in Tampere, Finland

158  
Ponsse and Epec are jointly establishing a product development unit in Tamperem Finland, for designing the software and automation of mobile work machines. The aim is to ensure the continued availability of top experts in the fields of software and automation, as the company says in the press releas...
September 15, 2017

Archroma launches new online Color Finder tool

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Archroma, a global leader in color and specialty chemicals, today announced the launch of a free online tool that allows paper and packaging industry customers to search for products within the company’s entire range of colorants.Already known for its pioneering color management services for the tex...
September 12, 2017

UPM Raflatac collaborates with Magic Add to launch RafMore smart label solution

160  
UPM Raflatac launches an innovative new solution for brand promotion, protection and logistics applications. Developed in cooperation with cloud-based data and content management experts Magic Add, RafMore combines pressure-sensitive labels and unique machine-readable codes to open up completely...

International Trade

September 22, 2017

China’s log imports up 8% in the first half of year

134  
China’s log imports in the first half of 2017 totalled 25.89 million cubic metres valued at US$4.535 billion, a year on year increase of 8.3% in volume and 14% in value.The average price for imported logs was US$175 per cubic metre, a year on year increase of 6%. Of total log imports, softwood log i...
September 19, 2017

Japan’s July imports of wooden doors up 25% year-on-year in July

146  
The value of Japan’s July imports of wooden doors was little changed from the previous month but was up 25% year-on-year, as ITTO reported.The three main suppliers in July were China (60%) the Philippines (19.5%) and Malaysia (8%) just topping shipments from Indonesia.These three have consistently t...
September 14, 2017

Japan’s imports of wooden bedroom furniture dropped 9% in June

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The volatility in the value of Japan’s imports of wooden bedroom furniture continued into June 2017. After appearing to recover in May the value of June 2017 imports dipped again dropping 9%, as ITTO reported. Year-on-year, June 2017 imports of wooden bedroom furniture dropped 9%. Chin...

Investments

September 22, 2017

Tetra Pak invests Euro 30 million in state-of-the-art technology in Denton factory, Texas

181  
Tetra Pak's Packaging Material Converting Factory in Denton, Texas, is getting ready for new technology to support the growth of its business in the U.S. and Canada. The plant's expanded capabilities are made possible through a sizeable Euro 30 million investment in factory upgrades, including a new...
September 22, 2017

International Paper to convert paper machine at Riverdale mill in Alabama

147  
International Paper plans to invest approximately $300 million to convert its No. 15 paper machine at the Riverdale mill in Selma, Alabama, from uncoated freesheet to high quality whitetop linerboard and containerboard. The conversion is targeted to be completed by mid-year 2019. The investment will...
September 21, 2017

IKEA Industry invests in Kazlų Rūda furniture production in Lithuania

146  
KEA Industry has decided to invest in furniture production in Kazlų Rūda and advanced technology will offer an opportunity to double the production capacity. The construction of the factory is scheduled to begin this autumn and planned to be completed in the summer of 2019, as the company says in th...

Joint Ventures

September 6, 2017

Mondi and WWF extend strategic partnership by three years

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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...
August 11, 2017

Rengo subsidiary Tri-Wall established joint venture in Michigan

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Rengo Co., Ltd. announced that its consolidated subsidiary Tri-Wall Limited has established TW Michigan Inc., a joint venture in Michigan, United States, for manufacturing and sales of heavy duty packaging materials, through Tri-Wall’s wholly-owned subsidiary.TW Michigan is a joint venture with HG P...
July 12, 2017

Ilim Group signs an agreement to form JV with Orgkhim Biochemical Holding in Russia

513  
Ms. Ksenia Sosnina, CEO of Ilim Group, and Mr. Nikolay Khodov, CEO of Orgkhim Biochemical Holding, have signed an agreement to set up Amber Stream LLC, a joint venture with 50/50 participation. The new JV will produce a wide range of pine-chemical products with a high added value, including unique p...

Legal and Judicial / Legislation

August 4, 2017

In 2Q 2017 orders for Italian woodworking technologies increase by 31.9%

298  
In the April-June 2017, orders for Italian woodworking technologies recorded 31.9% growth rates, compared to the same period of 2016 (previous quarter growth was 22.2%), reported Italian woodworking machinery and tools manufacturers’ association Acimall. The final figure results from the performance...
July 17, 2017

Rayonier Advanced Materials and Tembec received notification of clearance from Germany's Federal Cartel Office

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Rayonier Advanced Materials Inc. and Tembec Inc. have received notification of clearance from Germany's Federal Cartel Office in connection with the previously announced proposed statutory arrangement under Section 192 of the Canada Business Corporations Act involving the acquisition by Rayonier AM ...
June 14, 2017

Sequana announced its exit from the preventive procedure and completed listing of Antalis International

563  
As anticipated on 15 February 2017 when the preventive (sauvegarde) procedure was opened, Sequana announces that the commercial court has now approved its preventive (sauvegarde) plan, thus bringing an end to the preventive procedure. Sequana will still benefit from the court’s protection following ...

Liquidation/Bankruptcy

September 6, 2017

Graphic Packaging to close its paperboard mill in Santa Clara, California

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Graphic Packaging Holding Company announced that its wholly owned subsidiary, Graphic Packaging International, Inc., will close its coated recycled paperboard mill in Santa Clara, California by year end.This decision was made as a result of a thorough assessment of the facility's manufacturing capab...
August 31, 2017

Moelven Norsälven sawmill may be closed

211  
The Board of Moelven Norsälven AB is considering closure of sawmill in Vålberg, Sweden. The reason is that the investment needs at the plant are extensive, as the company says in the press release received by Lesprom Network.The Chairman of the company, Division Manager Anders Lindh of Moelven Timbe...
August 18, 2017

Armstrong Flooring to close two wood flooring manufacturing facilities

257  
Armstrong Flooring, Inc. announced the planned closing of two manufacturing facilities in its Wood Flooring segment, including a solid wood plant in Jackson, Tennessee and an engineered wood plant in Vicksburg, Mississippi.This decision was made primarily to rationalize the plant network in response...

Management/Corporate changes/Labour

September 21, 2017

Verso Corporation Board of Directors forms Strategic Alternatives Committee

133  
Verso Corporation's Board of Directors has formed a Strategic Alternatives Committee comprised of independent directors Eugene I. Davis, Alan J. Carr and Steven D. Scheiwe, with Mr. Davis serving as chairperson.The committee, with the assistance of Houlihan Lokey Capital, Inc., the company's financi...
September 21, 2017

Kährs Group appoints Peter Ericsson as new CFO

133  
Peter Ericsson has been appointed as new Chief Financial Officer (CFO) and member of Kährs Group’s management team. He replaces Torbjörn Clementz who leaves Kährs, as the company says in the press release received by Lesprom Network.Peter Ericsson has been a member of Group management since 2007 and...
September 19, 2017

Hancock Natural Resource Group names Tom Sarno as Managing Director of Timberland and Farmland Operations

115  
Tom Sarno has been named Managing Director of Timberland and Farmland Operations for the Hancock Natural Resource Group (HNRG), as the company said in the press release received by Lesprom Network.In the newly created position, Mr. Sarno will be responsible for overseeing the global property managem...

Marketing

September 12, 2017

Michelman invests in a cutting edge Flexible Packaging Incubator

224  
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

342  
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’...
July 5, 2017

Pinnacle Renewable Energy joined the Alberta Forest Products Association

420  
The Alberta Forest Products Association (AFPA) announced that as of July 1, Pinnacle Renewable Energy Inc. has joined the Association.Pinnacle is a manufacturer of wood pellets with seven manufacturing facilities in Alberta and British Columbia and shipping capacity through the Port of Prince Rupert...

New Products and Services

September 15, 2017

Archroma launches new online Color Finder tool

234  1
Archroma, a global leader in color and specialty chemicals, today announced the launch of a free online tool that allows paper and packaging industry customers to search for products within the company’s entire range of colorants.Already known for its pioneering color management services for the tex...
September 14, 2017

Lecta introduced a new Adestor hot-melt adhesive for packaging

189  
Lecta has introduced a new Adestor hot-melt adhesive for packaging applications, as the company said in the press release received by Lesprom Network.Adestor HM300 is a permanent hot-melt adhesive with a very high tack especially formulated for high-speed air-blow labelling. It performs well at low ...
September 14, 2017

Evergreen Packaging launches new Renewable Plus Cartons

217  
Evergreen Packaging launches a Fully Renewable Carton, part of their Renewable Plus Carton line featuring sugarcane-based polyethylene, as the company says in the press release received by Lesprom Network. Part of the Evergreen Packaging family of FreshHouse™ Cartons, the new Renewable P...

Operations

September 20, 2017

Voith builds two paper machines for banknotes in Mysore, India

163  
Voith supplied two complete production lines to Mysore – Bank Note Paper Mill India (Pvt.) Ltd., in Southern India, as the company said in the press release received by Lesprom Network. The scope of supply included the water mark wire workshop, cotton, stock and broke preparation and...
September 19, 2017

U. S. boxboard production increased by 2.9% in August

146  
U. S. total boxboard production increased 2.9% when compared to August 2016, and increased 0.7% from last month, as the American Forest & Paper Association said in the press release received by Lesprom Network. Unbleached kraft boxboard production increased over the same month as last year and i...
September 19, 2017

U. S. containerboard production increased by 2% in August

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U. S. containerboard production in August was 2% higher compared to August 2016, as the American Forest & Paper Association said in the press release received by Lesprom Network.The month-over-month average daily production compared to July 2017 was 1% lower. The containerboard operating rate fo...

Plans and Strategy

September 22, 2017

International Paper to convert paper machine at Riverdale mill in Alabama

147  
International Paper plans to invest approximately $300 million to convert its No. 15 paper machine at the Riverdale mill in Selma, Alabama, from uncoated freesheet to high quality whitetop linerboard and containerboard. The conversion is targeted to be completed by mid-year 2019. The investment will...
September 21, 2017

IKEA Industry invests in Kazlų Rūda furniture production in Lithuania

146  
KEA Industry has decided to invest in furniture production in Kazlų Rūda and advanced technology will offer an opportunity to double the production capacity. The construction of the factory is scheduled to begin this autumn and planned to be completed in the summer of 2019, as the company says in th...
September 21, 2017

Verso Corporation Board of Directors forms Strategic Alternatives Committee

133  
Verso Corporation's Board of Directors has formed a Strategic Alternatives Committee comprised of independent directors Eugene I. Davis, Alan J. Carr and Steven D. Scheiwe, with Mr. Davis serving as chairperson.The committee, with the assistance of Houlihan Lokey Capital, Inc., the company's financi...

Ratings

August 18, 2017

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

188  
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%

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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

296  
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

September 22, 2017

U. S. printing-writing paper shipments decreased by 4% in August

109  
U. S. total printing-writing paper shipments decreased 4% in August 2017, compared to August 2016. Uncoated free sheet paper shipments increased in August while the other three printing-writing grades posted year-over-year shipment declines. U.S. purchases of printing-writing papers also decreased, ...
September 21, 2017

Ponsse and Epec to open a product development unit in Tampere, Finland

158  
Ponsse and Epec are jointly establishing a product development unit in Tamperem Finland, for designing the software and automation of mobile work machines. The aim is to ensure the continued availability of top experts in the fields of software and automation, as the company says in the press releas...
September 20, 2017

U.S. packaging papers shipments down 1.7% in August

125  
U.S. packaging papers shipments August 2017 were 235,900 tons, 1.7% lower than August 2016. Bag & Sack shipments were up 5.5% year-to-date, while Food Wrapping shipments were down 8.5% over the same period. The operating rate for August 2017 was 90.3%, while the year-to-date rate was 88.8%. Inve...

Share Capital

September 14, 2017

Clarifications concerning Norske Skogindustrier ASA and its subsidiaries

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[if gte mso 9]> Normal 0 false false false MicrosoftInternetExplorer4 Norske Skogindustrier ASA is still a listed company with a separate board elected by the shareholders at the extraordinary general meeting of Norske Skog o...
August 10, 2017

Sumitomo Corporation acquires 47.6% of the shares of Pacific BioEnergy Corporation

245  
Sumitomo Corporation has acquired 47.6% of the shares of the wood pellet manufacturer Pacific BioEnergy Corporation in British Columbia, Canada, and made its entry into the wood pellet manufacturing business in Canada.PBEC, through its own and affiliated manufacturing facilities, currently markets i...
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