Price for logs exported from Lithuania slipped 1.7%.
Installation will take place in Q4 of 2024.
Scheduled to open later this spring, the new facility will significantly expand Greif's capacity in the bulk corrugated business and create opportunities in the South and Southwest regions of the United States, as well as Mexico.
This acquisition underscores Zeus Group’s increased focus on sustainable packaging, investing in paper-based solutions over plastic-based production.
Woodgrain will also continue to enhance value-added services, including pre-hanging and pre-finishing doors, supported by Woodgrain’s manufacturing expertise.
U.S. purchases of total printing-writing papers also decreased 1% in February compared to the same month last year. Total printing-writing paper inventory levels decreased 1% when compared to February 2024.
The value of the order will not be disclosed. The scheduled delivery period will be during the second quarter of 2024.
Egger takes the next step in the circular economy: first recycling collection site in Italy.
Western Forest Products intends to offer voluntary severance to the remaining 60 APD employees.
The average price per ton of imported wood pellets was down 36%.
International Monetary Fund upgrades 2024 global growth forecast to 3.2%; highlights widening gap between rich and poor countries.
Imports of wood pellets to South Korea rose 1.2%.
Exports of lumber from Latvia contracted 6%.
The program aims to reduce or sequester greenhouse gas emissions by the equivalent of 2 million tonnes of carbon dioxide per year through forest investment activities, such as planting and fertilization.
The order value amounts to SEK 1 million (approx. $91,240) plus costs for commissioning. Delivery and commissioning have not yet been determined.
Thomas Ahle will take up the position of Group CFO on 1 September 2024 at the latest. He will succeed Sisse Fjelsted Rasmussen.