WCBEF and UNESCO are seeking to establish a long term collaboration on the circular bioeconomy, in recognition of the growing importance of the sector in the field of education.
BNP Paribas has closed a $100 million syndicated revolving credit facility structured as a sustainability-linked loan with Empresas CMPC S.A., a Chilean pulp and paper company.
Domtar Corporation reported net earnings of $19 million ($0.34 per share) for the 2Q 2020 compared to net earnings of $5 million ($0.09 per share) for the 1Q 2020 and net earnings of $18 million ($0.28 per share) for the 2Q 2019. Sales for the 2Q 2020 were $1 billion.
Schweitzer-Mauduit's 2Q 2020 consolidated sales were $254.2 million, down 6%, or 5% absent negative Euro-driven currency impacts. 2Q 2020 adjusted operating profit was $43.2 million, down 15%, and adjusted operating profit margin was 17%, down 170 basis points.
Due to the challenging market situation relating to raw veneers, the JAF Group has decided to provisionally discontinue its production of raw veneers at the Group’s J.F.Furnir plant in the Romanian city of Braşov with effect from October.
Glatfelter reported its results for the 2Q 2020. Consolidated net sales totaled $216.2 million and $235.1 million for the three months ended June 30, 2020 and 2019, respectively.
International technology Group Andritz has received an order from AO Knauf Petroboard to install a new reeling section for the KM2 board machine at its mill in Kommunar, Russia. Start-up is scheduled for 2021.
In the first six months of 2020, Homag Group's sales revenue dropped by 13% to Euro 552 million (prior year: Euro 637 million) and order intake by 17% to Euro 493 million (prior year: Euro 591 million).
Rayonier Inc. reported 2Q 2020 net income of $1.7 million, or $0.01 per share, on revenues of $195.6 million. This compares to net income of $18.8 million, or $0.14 per share, on revenues of $184.8 million in the prior year quarter.
The Estonian wood industry company Kaamos Timber entered into a loan agreement with the European Bank for Reconstruction and Development (EBRD) whose support will be used to establish a new sawmill owned by the Estonian company near the city of Mozyr in Belarus.
Smurfit Kappa has been chosen to participate in an innovative energy research project on renewable energy storage. The HYFLEXPOWER project will see Smurfit Kappa’s Saillat Paper Mill in France become the first plant in the world to introduce an integrated hydrogen gas turbine demonstrator.
BlueLinx Holdings Inc. announced a new distribution agreement with LP Building Solutions (LP) in Northeast U.S. markets.
Stella-Jones' 2Q 2020 sales reached $768 million, up $101 million, or 15%, versus sales of $667 million for the corresponding period last year. 1H 2020 sales amounted to $1.28 billion, versus $1.11 billion for the corresponding period last year.
According to Acimall, the Confindustria member association of wood-furniture technology companies, international demand decreased 34.2% and domestic demand collapse 59.2%.
Masonite International Corporation's 2Q net sales decreased 11% to $500 million, from $563 million in the comparable period of 2019. The decrease in net sales was the result of a 15% decrease in base volume due to the impact of COVID-19.
JELD-WEN Holding's net revenue for the three months ended June 27, 2020 decreased $126.6 million, or 11.3%, to $992.3 million, compared to $1,119.0 million for the same period last year. The decrease in net revenue was driven by a 10% decline in core revenue and a 1% adverse impact from foreign exchange.
DS Smith has produced a 100% recyclable cooler, using its proprietary Greencoat corrugated material that’s moisture-resistant and food-contact safe.