Masonite International's consolidated net sales were $762 million in the 2Q 2022, a 15% increase from $662 million in the 2Q 2021. Total company gross profit was $179 million in the 2Q 2022, an increase of 9% compared to $164 million in the 2Q 2021. Net income was $59 million in the 2Q 2022 compared to $35 million in t...
The Government of Canada announced a $1-million contribution to the Wood Manufacturing Cluster of Ontario (WMCO) to support a study involving 10 collaborating wood manufacturing small and medium enterprises (SMEs) across three industry segments (cabinetry, commercial millwork and furniture).
Average price of softwood bleached kraft pulp rose 16%.
Burton Mill Solutions is the new name of Wood Fiber Group and combines the biggest names in sawmill cutting tools and filing room automation technology, including Simonds International, Burton Saw & Supply, BGR Saws, Cut Technologies, U.S. Blades, Armstrong, and Wright Machines.
Kährs has, due to the prevailing market conditions, started a process to evaluate the possibilities and conditions for divesting its operations in Russia.
U.S. new single-family starts expanded at a fast pace in 2021. Nationally, 1,133,145 new single-family units were started in 2021, 14% higher than the units started in 2020. It marked the fastest growth rate since 2013 and the highest count of starts since the Great Recession.
Staying flat for two weeks, for the week ending July 29, 2022 the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2x4 #2&Btr KD (RL) was US$684 mfbm, said weekly forest products industry price guide newsletter Madison’s Lumber Reporter.
The U.S. Department of Agriculture (USDA) has awarded $5.5 million in grants for conservation projects on 11 forests from Alaska to North Carolina. Nearly $500,000 was awarded to the creation of Little Pisgah Labs Community Forest near the Pisgah National Forest in Western North Carolina.
U.S. containerboard production in 2Q 2022 increased by 2% compared to 2Q 2021. It was also up 2% when compared to the same 6 months of 2021.
Following the fire that hit RDM Blendecques mill in France, A.Celli will contribute to the restart of production with a brand new E-WIND P100 paper rewinder. The start-up phase is scheduled for the end of 2022 and the restart of production for early 2023.
Graphic Packaging Holding Company's net sales increased 36% to $2,358 million in the 2Q 2022, compared to $1,737 million in the prior year period. EBITDA for the 2Q 2022 was $294 million, compared to $214 million in the prior year period.
WestRock Company's net sales increased $703 million, or 14.6%, year-over-year. Net income increased $128 million year-over-year to $378 million.
Ponsse changes performance guidance for 2022. The company’s euro-denominated operating result in 2022 is expected to be on a par with the comparable operating result of its continuing operations in 2021 (Euro 50 million, 8.2% of net sales).
The Norway’s Prime minister Jonas Gahr Støre and the Minister of Trade and Industry Jan Christian Vestre visited Viken Skog’s Follum mill in Hønefoss. The plan of BillerudKorsnäs and the Norwegian forest owner group Viken Skog to establish production of bleached chemi-thermomechanical pulp (BCTMP) in Norway attracts la...
Kemira Oyj appoints Antti Salminen as President of Pulp & Paper segment effective August, 15. He’s had several prior leadership positions in Kemira, latest as President, Industry & Water segment.
Latvijas Finieris to launch an expansion project of RSEZ SIA Verems, Latvijas Finieris Group, in Rezekne district, Latvia. The mill's existing birch plywood production capacity will be doubled, high added value products will be developed and approximately 70 workplaces will be created. The expected amount of investment...