Van Genechten Packaging appointed Prof. Dr. Frank Ohle as CEO. He succeeds undersigned, who as Board member had been acting as CEO ad interim since December 2018.
Sarawak, Malaysia , exported 1.3 million m3 logs in 2019. By comparison, the total volume of logs exported in 2018 was 1.4 million m3. The species which contributed the most value was meranti at 402,971 m3.
Bergs Timber’s net sales for the 4Q 2019 amounted to SEK 687 million ($70.8 million), compared to SEK 772 million ($79.6 million) in the 4Q 2018. The decrease of SEK 85 million ($8.7 million) is mainly explained by lower sales volumes and prices for the sawmills.
Domtar Corporation entered into an asset purchase agreement with Appvion Operations, Inc. to acquire Appvion’s Point of Sale (POS) paper business. The agreement includes the coater and related equipment located only at the West Carrollton, Ohio, facility as well as a license for all corresponding intellectual property.
Forest Products Association of Canada (FPAC) issued a statement signalling the sector’s serious concern over disruptions to Canada’s rail transport system.
Södra’s CFO, Peter Karlsson, will take over as Interim President after Lars Idermark from 20 February. Peter Karlsson will combine his position as CFO with the role of Interim President.
Universal Supply, a division of leading national building products distributor US LBM, has opened a new location in Newington, Connecticut.
Sonoco's net sales for the 4Q 2019 were $1.3 billion, a decline of $46.8 million, or 3.4%, from last year’s quarter. Gross profits were $246.9 million in the 4Q 2019, a decline of $7.4 million or 2.9%, compared with $254.3 million in the same period in 2018.
Veolia Water Technologies will support a major expansion of a mill in Brazil by providing a turnkey chloride removal system designed to optimize the processing of wood-derived pulp used in the making of cellulose fibers.
Slovenia's roundwood purchased from private owners in December 2019 was worth Euro 3.4 million, which was about 3% more than in the previous month and about 25% less than in December 2018.
Acadian Timber Corp. appoints Adam Sheparski as CFO, effective February 13, 2020. Brian Banfill, who was appointed Interim CFO in September 2019, will remain with the company for an interim period to ensure a smooth transition of his responsibilities.
Metsä Group’s innovation company Metsä Spring and Valmet have initiated a joint project for the development of a novel wood-based 3D product to replace similar products made out of fossil resources, especially in consumer products like packaging.
Western Forest Products Inc. generated revenue of $80.1 million in the 4Q 2019, as compared to $284.8 million in the 4Q 2018, and $141.6 million in the 3Q 2019. The company partially mitigated the impacts of the strike by selling unencumbered lumber and log inventories during the 4Q 2019.
Forest owners in Sweden reported 262,532 hectares for final felling in 2019. This was a decrease of 10% compared to 2018. In addition, they applied for permits for felling on 3,022 hectares of mountainous forest and on 1,461 hectares of valuable broad-leaved forest.
UPM has signed a long-term Wind Power Purchase agreement with German wind park development company wpd. The use of renewable wind power for UPM’s paper mills will help reduce CO2 emissions by 200,000 tonnes annually as of 2022, representing 5% of UPM’s total CO2 emissions.
Acadian Timber Corp. reported financial and operating results for the year ended December 31, 2019. Acadian generated sales of $100 million in 2019, almost unchanged from $99.8 million in the prior year. The net income for the year ended December 31, 2019 totaled $17.3 million, or $1.04 per share, compared to net incom...