Rottneros AB announces that Pia Ohlson has decided to leave her position as CFO as of 5 September 2022. Monica Pasanen will take over as new CFO.
Over the first six months of 2022, the U.S. total number of single-family permits issued year-to-date (YTD) nationwide reached 567,798. On a year-over-year (YoY) basis, this is a 3.6% decline over the June 2021 level of 589,146.
Canadian lumber production increased 7.2% from April 2022 to 4 649.5 thousand cubic metres in May. Production was down 5.3% from May 2021.
Kimberly-Clark, Tlaxco mill in Mexico, has awarded an order for a Power Cleaner system to ProJet. The line has a width of 3.6 meters and operates at a speed of up to 1,000m/min. ProJet’s Power Cleaner assures non-stop production without the need for stopping the line for belt changes or manual cleaning of the belt.
The UK government has launched a consultation on how to support the development of biomass energy generation with associated carbon captured in the UK over the next decade. Drax plans to invest GBP 2 billion in what will be the biggest carbon capture in power project in the world, supporting UK energy security, deliver...
In the 2Q 2022, net sales were $1.2 billion, a decrease of $69 million, or 5% year-over-year. Gross profit was $201 million, a decrease of $50 million, or 20%, year-over-year, and gross margin was 16.3%, down 290 basis points year-over-year.
Louisiana-Pacific 2Q 2022 net sales decreased year-over-year by $38 million (or 3%). Income from continuing operations for the 2Q 2022 decreased year-over-year by $138 million (or 28%) to $348 million, or $4.28 per diluted share. Net sales for the first six months of 2022 increased year-over-year by $235 million (or 1...
Metsä Fibre’s new sawmill in Rauma Finland, boasts state-of-the-art technology and unparalleled efficiency. Technological innovations such as machine vision, artificial intelligence and integrated information systems to control sawline functions will result in sawn timber of even more consistent quality. The high degre...
Just 42.8% of new and existing homes sold between the beginning of April and end of June were affordable to families earning the U.S. median income of $90,000. This is a sharp drop from the 56.9% of homes sold in the 1Q that were affordable to median-income earners.
BSW Group has entered a joint venture with Power Sheds. BSW has acquired a stake in the Yorkshire business, which has become a major disruptor in the sector since launching in 2019, now with a turnover in excess of GBP 15 million. Power Sheds manufactures wooden garden buildings.
Ilim Group is finalizing the construction of the largest kraftliner mill in Ust-Ilimsk, Russia. It is the first mill in the Russian pulp and paper industry to use a two-stage biological wastewater treatment system.
West Fraser Timber is permanently curtailing approximately 170 million board feet of combined production at its Fraser Lake and Williams Lake sawmills and approximately 85 million square feet of plywood production at its Quesnel Plywood mill in Canada. The curtailments will be realized through the elimination of one s...
The American Forest & Paper Association (AF&PA) announced the promotion of Andrew Topps as the next Vice President, General Counsel and Corporate Secretary, effective September 1, 2022.
Stella-Jones' 2Q 2022 sales amounted to $907 million, up from $903 million for the same period in 2021. Net income for the 2Q 2022 was $94 million, or $1.51 per share, compared to net income of $115 million, or $1.76 per share, in the corresponding period of 2021.
Andritz has successfully received the Final Acceptance Certificate for a biomass handling plant at Eldorado’s Onça Pintada site in Três Lagoas, Mato Grosso do Sul, Brazil.
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...