Holmen's Board of Directors has decided to postpone the Annual General Meeting (AGM), which was planned to be held on March 30, 2020 in Stockholm, Sweden. Holmen will invite to the AGM no later than four weeks before the new date. The meeting will be held no later than June 30, in accordance with applicable legislatio...
Strategie
Due to the impact of the COVID-19 virus in the UK and the recent country-wide stay-at-home order, Masonite International Corporation decided to temporarily close all of Masonite’s UK facilities.
Metsä Fibre has made the decision to build the world’s most modern sawmill in Rauma, Finland. Construction will begin in the spring of 2020. Production at the sawmill is set to begin during the 3Q 2022. The coronavirus outbreak may have an impact on the schedules.
Jeld-Wen believes it has a strong balance sheet, ample liquidity and solid financial flexibility with no significant long-term debt maturities until 2024. Out of an abundance of caution, Jeld-Wen recently enhanced its cash position by drawing down $100 million on its existing Asset Based Revolving Credit Facility.
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.
In order to focus on the ongoing safety and health of Interfor’s employees and as a result of the lumber market disruption, the company will further reduce sawmill production, which will total approximately 50 million board feet for the week of March 30, 2020.
The COVID-19 outbreak has negatively impacted global demand for forest products and disrupted supply chain networks. As a result, Canfor Corporation has implemented the following changes to its operating schedule. Effective March 30, Canadian lumber production will be curtailed by approximately 70 million board feet, o...
BSW Timber has now suspended primary production across all of its sites. The company will instead be focusing solely on providing a balance of products to help aid the essential pallet and packaging industry, which is facing an unprecedented demand.
Stella-Jones Inc. provided an update on its North American operations in the face of the Covid-19 pandemic and orders issued by Canadian provincial and U.S. state authorities. Stella-Jones plans to continue operations at all of its North America treating facilities and supporting distribution networks while being mindf...
In response to the continuing COVID-19 pandemic West Fraser is taking additional steps to respond to changing operating and market conditions. Effective March 30, lumber production at all British Columbia, Canada, sawmills will be curtailed for one week. Effective March 30, plywood production at the company’s Alberta P...
Norbord Inc. announced that effective March 30, it will commence reducing production across its portfolio of North American oriented strand board (OSB) mills in response to the demand impact of the COVID-19 pandemic.
Valmet and Orora Limited have signed a multi-year Mill Maintenance Outsourcing (MMO) agreement to continue taking care of the site maintenance of Orora’s Botany B9 board making line in New South Wales, Australia.
To support certified entities and certification bodies during the COVID-19 challenge, Programme for the Endorsement of Forest Certification (PEFC) has extended the transition period for its three revised international standards by six months. The transition date is now 14 February 2022.
Rayonier Advanced Materials Inc. announced curtailed production at seven Canadian locations. Starting this week, the company will cease or reduce operations at all softwood sawmills located in Ontario and Quebec as well as halt production at the company’s newsprint plant in Kapuskasing, Ontario.
NorSask will be transitioning, on a temporary basis, to single-shift production by early April 2020. As soon as April 2020, NorSask cannot continue producing large amounts of lumber that it cannot sell into the United States housing market.
Resolute Forest Products Inc. provided an update on the impact of the COVID-19 situation to its business. The company will adjust capacity dynamically based on the conditions and rapid evolution of the situation, but most of the capacity reduction is expected to come from the wood products and paper segments.
The first ground was broken for Pyrocell’s plant at Setra’s Kastet sawmill in Gävle, Sweden. Pyrocell will be manufacturing non-fossil pyrolysis oil as a raw material for producing renewable fuel. The aim is for the plant to be brought on stream in the 4Q 2021.
Production at Steico Group's French plant will be temporarily suspended due to local restrictions. The plant is initially scheduled to close through to 5 April. Production at the Polish plants, which contribute to more than 90% of the Group’s added value, has not been affected to date.
Well known Nelson Tasman and Marlborough business Nelson Forests has been rebranded as OneFortyOne New Zealand effective from 25 March 2020. The move follows on from OneFortyOne’s purchase of Nelson Forests (including Kaituna Sawmill, near Blenheim) in 2018.
In light of communication from the UK Government regarding the coronavirus (Covid-19), Nobia has decided to temporarily close all of its Magnet kitchen stores in the UK.