Insolvenz

The Board of Directors of Bergs Timber has decided to immediately initiate discussion with the unions to close Gransjö sawmill in Sweden. The sawmilling business will cease as soon as possible and the remaining business during the autumn 2020. The closure will affect about 45 employees.

Boise Cascade announces the permanent curtailment of its I-joist production facility in Roxboro, North Carolina. The shutdown will affect approximately 29 employees. The company anticipates discontinuing production by the end of 1Q 2020, though inventory shipment may continue into 3Q before all operations cease.

Knoll, Inc. will consolidate its manufacturing footprint in North America, resulting in the closure of the company’s Grand Rapids, Michigan manufacturing facility. The closure is part of an initiative to optimize the company’s North American manufacturing operations. Approximately 180 hourly and 30 salaried positions ...

Feldmuehle GmbH has successfully completed the self-administration insolvency proceedings that began at the end of 2018. After the unanimous approval of all creditors on December 16, 2019 to the insolvency plan submitted by the management, the competent court in Pinneberg suspended the insolvency proceedings on January...

Katerra will close its Phoenix manufacturing facility in Arizona at the end of the year. Opened in 2017, Katerra’s 250,000 square-foot Phoenix factory was its first building components manufacturing facility.

Valmet will proceed with plans for a phased closure of foundry, machine shop and assembly operations at its production center in Hudson Falls, New York, USA. The first phased closure will begin in March 2020 and continue until final customer orders are fulfilled in summer 2020.