In 2019, Södra's consolidated net sales amounted to SEK 23,183 million ($2.4 billion), down 4%. Operating profit totalled SEK 2,582 million ($263 million), representing an operating margin of 11%. Return on capital employed was 12% and the equity ratio was 59%.

Ponsse launches new H9 harvester head at the Oregon Logging Conference in Eugene, the USA. The new Ponsse H9 challenges other products in the same size class with its power and precision.

Sierra Pacific Windows has reached an agreement to acquire the assets of Merrill, Wisconsin-based Semco Windows and Doors. Sierra Pacific, which already has operations in Merrill, acquired Semco’s 275,000 square foot, main manufacturing facility, along with all production equipment.

Mondi plc announces that Andrew King, CFO and a director of Mondi plc, will be appointed as CEO with effect from 1 April 2020. Andrew will succeed Peter Oswald who, as announced on 10 January 2020, will be stepping down as CEO and leaving Mondi plc on 31 March 2020.

Tigercat introduced 602 grapple skidder. The size and agility of the 602 grapple skidder makes it ideal for selective felling applications. The machine can access high value timber in steep terrain, while minimizing damage to the residual stand. A fixed front axle with an oscillating centre section allows the 602 to ac...

Södra is making extensive investments in its sawmill at Värö, Sweden, primarily in final trimming and drying, but also in other parts of the facility. The investments in the sawmill are scheduled for completion by late autumn 2021.

Jeld-Wen Holding, Inc. announced results for the three months and full year ended December 31, 2019. Net revenues for the 4Q 2019 decreased $23.2 million, or 2.1%, to $1.069 billion, compared to $1.092 billion for the same period last year. FY 2019 net revenues decreased $57.1 million, or 1.3%, to $4.290 billion, comp...

The Egyptian company Wood Technology Co. (WOTECH) placed a project regarding "Green Technology" at Siempelkamp. Representatives of both companies signed the contract for an MDF plant with an annual production capacity of 205,000 m³ which will process the annual plant rice straw as raw material.

The leading manufacturer for state-of-the-art woodworking machinery Weinig and Awutek have agreed that the representation and import of Weinig Group machines in Finland will be transferred exclusively to Awutek Oy.

Sherwood Lumber announces that it has made 5 strategic promotions to its Finance and Operations teams. Brian Nunes, Director of Operations, has been promoted to Vice President of Operations and Logistics. Cameron Peterson, Controller, has been named as the company’s Director of Finance, Carlos Medina, Operations Lead h...

Retailers invest in wood

In Lindvallen, Sweden, retail company ICA is currently building a new supermarket in Swedish mass timber. German retailer Lidl is also investing in wood, with its new store in Gotland due for completion in July 2020.