US LBM Holdings, LLC has acquired Maner Builders Supply, a multifaceted building products dealer that operates locations in Augusta, Georgia and Aiken and Charleston, South Carolina. With this acquisition, US LBM now operates 22 locations across the Carolinas and in Georgia.
Boise Cascade Company reported net income of $33.6 million, or $0.85 per share, on sales of $1.2 billion for the 2Q ended June 30, 2020.
CanWel Building Materials Group Ltd. announced its 2Q 2020 financial results for the period ended June 30, 2020. Consolidated revenues increased by 7.1% to $412.9 million when compared to $385.7 million in the same period in 2019.
Saica Group is establishing its first North American facility near Cincinnati, Ohio. The company plans to build a state-of-the-art factory and expects to invest nearly $72 million once construction of the corrugated plant is complete. The construction is expected to start in September 2020 and take eighteen months to f...
Resolute Forest Products Inc. reported net income for the quarter ended June 30, 2020, of $6 million, or $0.07 per diluted share, compared to net income of $25 million, or $0.27 per diluted share, in the same period in 2019. Sales were $612 million in the 2Q 2020, a decrease of $143 million from the year-ago period.
2Q 2020 net sales declined by 12% to SEK 545 million, compared to SEK 619 million in the 2Q 2019. The lower sales were mainly related to lower sales volumes and lower sales prices for sawn products.
Builders FirstSource's 2Q 2020 net sales were $1.9 billion, a 2.2% increase compared to a year ago. 2Q 2020 net income was $78.9 million, or $0.67 per diluted share, compared to $66.6 million, or $0.57 per diluted share, in the same period a year ago.
Weyerhaeuser Company reported 2Q 2020 net earnings of $72 million, or 10 cents per diluted share, on net sales of $1.6 billion. This compares with net earnings of $128 million, or 17 cents per diluted share, on net sales of $1.7 billion for the same period last year.
Ahlstrom-Munksjö announces a further investment in its Binzhou plant to be able to produce abrasive backing papers locally in China. The investment project, involving an upgrade of an existing machine on site, will start in 1Q 2021 and is expected to be completed in the second half of 2021.
Two Sides, the paper advocacy group that promotes the sustainable and attractive attributes of print, paper and paper packaging has extended its reach and launched the campaign in Latin America.
For the three months ended June 27, 2020, Acadian Timber's generated sales were $11.5 million, compared to $17.9 million in the prior year period.
UPM begins the construction of its third nursery in Uruguay, located in Central Uruguay, about 10 kilometers from Sarandí del Yí, Durazno. The investment is approximately $25 million. The nursery operation is scheduled to start in the first half of 2022 and the delivery of plants in the second half of the same year.
International Paper's 2Q 2020 net earnings (loss) were $266 million ($0.67 per diluted share), compared with $(141) million ($(0.36) per diluted share) in the 1Q 2020 and $292 million ($0.73 per diluted share) in the 2Q 2019. 2Q 2020 net sales were $4,866 million, compared to $ 5,667 million in the 2Q 2019.
The vast majority of logs sold, in British Columbia, Canada, and elsewhere, go to the sawmilling industry for lumber production. With this year’s lockdown due to COVID19 then ramp-up of manufacturing, lumber prices swooned down drastically in spring and are now surging back up with powerful momentum.
Ilim Group is finalizing its environmental project worth $91 million that involves construction of a new Evaporation Plant (EVAP 8) with the highest capacity in Russia at Ilim's Mill in Bratsk, Russia. Construction of EVAP 8 has been underway for three years (since 2017) and is scheduled to be completed in August 2020.
Ence Energía y Celulosa obtained net losses of Euro 13 million in the 2Q of the financial year 2020 as a consequence of the prices of pulp, which remain at the lowest levels recorded in the last 10 years, as well as the low prices of energy. In the semester, the company accumulates net losses of Euro 24.6 million.