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.
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.
Neil Donaldson has announced his retirement from leading timber specialist, James Donaldson & Sons, after 45 years with the business. Neil is retiring on 31st July and is succeeded by his son and deputy Chairman, Michael Donaldson.
Packaging Corporation of America reported 2Q 2020 net income of $57 million, or $0.59 per share, and net income of $132 million, or $1.38 per share, excluding special items. 2Q net sales were $1.54 billion in 2020 and $1.76 billion in 2019.
The new plant will be installed in Pine Bluff, Arkansas. The four existing energy plants in Pine Bluff will be connected to four new, identical, directly heated drum dryers type 4.2 x 24 R.
Canadian Softwood Plywood 3/8” or 9.5mm FOB Toronto prices last week were C$636 msf, a decrease of -$18, or -3%, from the previous week
Cascades' Etobicoke Containerboard Packaging operations will permanently close no later than August 31, 2021, and the property will be put up for sale. Over the coming weeks and months, Cascades will work to minimize the impact of this announcement on the 125 employees related to this facility.
At the end of this year, Arkhbum plans to start commissioning of the corrugator and in the 1Q 2021, two converting lines will be launched, which will produce the so-called American boxes and complex die-cut products – trays.
Mondi Paper Bags has acquired two paper bag lines from Helwan Cement Company and InterCement Sacs, two major cement producers in Egypt. The acquired production lines will increase Mondi’s capacity by approximately 60-80 million bags annually.