The National Fish and Wildlife Foundation (NFWF) announced more than $2.6 million in grants to restore, enhance and protect the sensitive forest, wetland and aquatic habitats in the Lower Mississippi Alluvial Valley. This is the third slate of grants awarded through this program, and the grants will generate $2.3 milli...
In May 2020, the value of Brazilian exports of wood-based products (except pulp and paper) dropped 13.5% compared to May 2019, from $273.3 million to $236.3 million. The value of pine sawnwood exports declined 9% between May 2019 ($47.7 million) and May 2020 ($43.3 million).
Neenah, Inc. has entered into a term loan credit agreement, providing a term loan B facility of seven years in the amount of $200 million. Neenah also announced that it is calling its outstanding 2021 notes for redemption in full on July 16, 2020. Proceeds under the new facility will be used to redeem the $175 million ...
Gross margins declined in Q1 2020 due to lumber price volatility at the beginning of 2020.
Vietnam's April 2020 wood product exports, in particular, fell sharply dropping around 35% to US$434 million against previous month and by 25% compared to April 2019.
Arkhbum JSC started the implementation of the first stage of the investment project in the Volga Federal District - the construction of a new corrugated board plant in Ulyanovsk, Russia. Due to the force majeure situation associated with the pandemic, the company expects to launch a new corrugated plant in March 2021.
Tigercat has released the 220E loader with notable improvements, including an upgraded operator’s station and the addition of the Tigercat FPT power plant.
Mondi has completed the implementation of a new state-of-the-art paper sack converting machine at its Nyíregyháza site in Hungary. The site will be capable of producing more than 130 million sacks annually.
JSC “Latvia's State Forests” (LVM) completed works in Vanema Forest District in LVM North Kurzeme region, Latvia, renewing the forest drainage system in an area of 216 hectares. It is planned to restore nine forest drainage systems in 2020 in an area of 3853 ha in North Kurzeme region.
Karin Falk has been appointed President Construction Division and will also be a member of Husqvarna Group's management team. Karin Falk will be based in Jonsered, Sweden and take up her new position within the Construction Division on September 1, 2020.
Aurora Energy Solutions, LLC acquired Superior Pellet Fuels. Aurora Energy Solutions plans to invest in new infrastructure that will make operations more efficient and provide greater quality control.
Within Folkhem’s Cederhusen project, Stockholm’s Sweden first inner city district to be built in wood, a collaborative group of experts in various fields has been put together, with members from the industry organisation Swedish Wood, Folkhem/Veidekke Eiendom, Veidekke Entreprenad, Zynka BIM, Bjerking and Vertex System...
The next international leading trade fair for forestry and forest technology will take place from July 20 to 23, 2022 in Munich, Germany. Personal meetings with members of the Advisory Board and the analysis of the exhibitor survey showed that the majority within the industry welcome a shortened trade fair.
Additionally, Armstrong Flooring has entered into a new $70 million term loan facility (“Term Loan”) to further strengthen its capital resources. Borrowings under the new Term Loan will bear interest at a rate of LIBOR with a floor of 1.50% plus a spread of 12.0%.
Kimball International, Inc. announced that Director Geoffrey L. Stringer has decided to retire from the Board of Directors at the end of his current term, following 17 years of dedicated service. Mr. Stringer’s term expires at the company's 2020 annual meeting of shareholders on October 27, and he will not be seeking r...
Koskisen group is planning an extensive sawmill investment in Järvelä, Finland. The planned investment is valued at an estimated Euro 35–40 million. The intention is to make the investment decision during 2020, and the new mill would start operations in 2022.