Raute's net sales outlook for 2020 has weakened. Raute Group’s net sales for 2020 will decrease clearly from 2019. According to the preliminary information, Raute’s net sales for 2020 will be approximately Euro 115 million (2019: Euro 151.3 million). Previously the company has estimated net sales for 2020 to decrease c...
Huhtamaki is investing in a new manufacturing site in Malaysia. The company is transferring its Malaysian manufacturing base from Penang to Port Klang, Selangor State, the capital region of Malaysia. The new site is expected to be fully operational by the end of the 2Q 2021.
U.S. boxboard production in December 2020 increased 5% compared to December 2019. It was down 3% when compared to the same 12 months of 2019. The boxboard operating rate was 93.8%, up 5.3 points from December 2019 and essentially flat (-0.2 pts.) year-to-date.
SCA stops paper machine 5 at Ortviken paper mill in Sundsvall, Sweden. PM5 produced uncoated publication paper for newpapers, magazines and commercial print and had a capacity of 255,000 tonnes per annum. PM5 will now be dismantled in order to make room for the company Renewcell and its recycling of textile fibre, whic...
The Board of Hultdins System AB has appointed Tobias Åman as their new CEO. Tobias replaces Josef Alenius, who will continue as Chairman of the Board. Tobias has worked for Hultdins for three years, of which the last year as Chief Operating Officer.
One of the most modern sawmills for small diameter logs, Gelo Timber in Wunsiedel, Germany, starts its operation after only 11 months of erection time. In future 350,000 solid m3 logs are cut per year at the 100,000 m2 area. 35 new jobs are created with this investment of about Euro 40 million.
Most softwood lumber prices were flat, except the 2x8 sizes which dropped somewhat. Players agreed that this current lull could indicate a new level of asking prices at lumber producers and wholesalers.
In November the index of completed buildings construction (residential, schools, shops, etc.) in the EU increased by 0.7% compared to previous month. In China housing starts in November 2020 were more than double compared to 2007. In the U.S. single family housing starts in November 2020 increased to the highest level ...
Kadant Fiberline (China) Co. Ltd., a subsidiary of Kadant Inc., announced it successfully started up its 800 tons per day OCC system at Guizhou Pengsheng’s greenfield mill in Anlong for its PM1. Pengsheng uses 100% domestic recovered paper as raw material and manufactures 90 to 140 gsm corrugating medium from recycled ...
Mondi has started up its new speciality kraft paper machine at its Štětí mill in the Czech Republic. The paper machine will produce up to 130,000 tonnes of speciality kraft paper per year, meaning Mondi will have the largest product portfolio for consumer shopping bags in Europe.
Janne Rantanen has been appointed VP, Mill Manager of the Metsä Group's Rauma pulp mill as of 1 April 2021, as the current Mill Manager Ari-Pekka Vanamo starts as the VP, Mill Manager of Metsä Group's Äänekoski bioproduct mill in Finland.
Rengo Co., Ltd announced that its joint venture in Thailand, Thai Containers Group Co., Ltd., (TCG) has acquired 94.11% of the shares in Bien Hoa Packaging Joint Stock Company, a corrugated packaging and folding carton manufacturer located near Ho Chi Minh, Vietnam, through TCG Solutions Pte. Ltd, TCG’s subsidiary.
Resolute Forest Products Inc. announced that Sylvain A. Girard will join the company and be appointed as senior vice president and CFO as of March 2, 2021. His term will begin the day after Remi G. Lalonde, currently Resolute's senior vice president and CFO, assumes the position of president and CEO.
Rambler Wood Products will invest $7.6 million in Saint Paul, Virginia, US, to establish a new, value-added wood products manufacturing facility in the former Bush Furniture Industries building, creating 73 new high-wage jobs.
Biewer Lumber announced the development of a new state-of-the-art sawmill which will be located in Winona, Mississippi. The new Biewer sawmill is expected to be complete and operational by January 2022.
Atlas Engineered Products Ltd. has reached an agreement with ZyTech Building Systems LP to acquire the bulk of ZyTech's manufacturing assets from its former Langley location in the Lower Mainland of British Columbia, Canada. The equipment purchase is expected to close on January 31, 2021 at a purchase price of $958,160...