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...

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.

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...

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.

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.