New leader transitions from EMEA supply chain role with two decades of packaging sector experience.
Machinery upgrade reduces electricity use and material waste, improving turnaround for residential construction sector.
The deal for a business with $1.2 billion in annual revenue expands ProAmpac’s geographic reach into Latin America and New Zealand.
Exports of lumber from Russia to Japan slipped 1.9%.
Price for wood chips exported from Chile expanded 15%.
Industry welcomes delay and revision of EU deforestation regulation, plans joint trade fair appearances in the U.S., UK, UAE, and China for 2026.
The company will record Euro 14 million in one-off costs and expects Euro 30 million in annual savings starting from early 2026.
The company may implement temporary layoffs in the first half of 2026 within Packaging and Paper Machines and Global Supply units in Jyväskylä, Vantaa, and Raisio.
Wood-fueled facility, backed by Sumitomo and Tokyo Gas, targets 800,000 MWh annual output for 260,000 households.
Targets increased post-press dryness and energy savings through comprehensive machine modernization.
Forest portfolio in Latvia and Lithuania holds FSC certification following decade of sustainable management.
Lumber shipments grow 14.4%, while year-to-date output declines 3.9% compared to last year.
Cedar lumber declines 0.1% while cypress lumber increases 0.2% from October.
Handelsbanken expects wood raw material prices to fall by 10–15% while structural supply shortages and strong krona continue to challenge Swedish industry.
Closure and ongoing idling in Georgia to lower total OSB output by 1.3 billion square feet and result in a $200 million impairment loss.
Temporary curtailment affects mills in Quebec, Ontario, Canada, and the US due to stagnant North American demand.