UPM has developed a new world-class biocomposite material which meets the highest sustainability requirements. The new material, called UPM Formi EcoAce, contains certified wood and cellulose fibers, as well as certified renewable PP polymers from SABIC’s TRUCIRCLE™ solutions that are made using wood-based feedstock f...
Neenah, Inc. announced the signing of a definitive agreement to acquire Vectorply Corporation, a portfolio company of MSouth Equity Partners, for $155 million in cash. Closing is expected to occur on April 1, and is subject to customary conditions.
Universal Forest Products, Inc. (n/k/a UFP Industries) announced record net sales and profits for the 4Q 2019, as well as record EPS of $2.91 per diluted share for fiscal 2019 compared to $2.40 for fiscal 2018, a 21% increase. 4Q 2019 net sales were $998 million, representing a 1% increase.
New materials will be used in a wide range of products from plastic food packaging to medical and pipes.
Trex Company is expanding its industry-leading portfolio with the addition of Trex® Cladding™. The new offering makes hardwood planks obsolete in modern rainscreen systems, delivering premium aesthetics with fade and stain resistance while eliminating the need for annual sanding and sealing.
Katerra is expanding its manufacturing footprint to serve the South and Central U.S. markets with a new 600,000 square-foot building components factory in San Marcos, Texas.
Stark Denmark A/S signed an agreement to acquire activities in the builders’ merchant chain, SJAKK, which is a regional player situated in Mid- and Eastern part of Jutland. Stark Denmark is taking over activities in SJAKK, including the inventory, selected equipment and access to the customer base and the legal obligat...
Innovation Norway has allocated NOK 17 million for research and development of fiber composites at Norske Skog Saugbrugs and Borregaard. The parties will work to develop a new type of biocomposite that may include furniture, packaging and car interiors.