PEFC welcomed its 52nd and 53rd national members. The General Assembly, its highest decision making body, voted Ukraine and Guyana into the alliance.
Trex Company’s consolidated net sales for the 3Q 2019 were $195 million, 17% ahead of the comparable period in 2018. Net income for the 3Q 2019 was $42 million, or $0.72 per diluted share, representing increases of 42% and 44%, respectively, from net income of $29 million, or $0.50 per diluted share, reported for last year’s 3Q.
Valmet will deliver key technology for upgrading the SCA Obbola mill’s pulp production in Sweden. Valmet’s delivery includes a new fossil free lime kiln and upgrade of the existing fiberline. The value of the order will not be disclosed. A project of this size and scope is typically valued at around Euro 50 million.
Cairngorm Capital Partners has acquired Grant & Stone Limited, a leading independent builders’ merchant based in the Thames Valley and its ecommerce subsidiary, Trading Depot UK Limited.
Boise Cascade Company reported net income of $27.2 million, or $0.69 per share, on sales of $1.3 billion for the 3Q ended September 30, 2019, compared with net income of $13.8 million, or $0.35 per share, on sales of $1.3 billion for the 3Q ended September 30, 2018.
A milestone groundbreaking ceremony has taken place at AkzoNobel’s North American Wood Coatings facility in High Point, North Carolina, to officially kickstart Euro 50 million investment, which will transform the site’s manufacturing capability.
Södra is acquiring the remaining shares in Södra Timber A/S and Södra Wood Project from the Danish company Uniwood. After the acquisition, the former joint-owned companies will be wholly owned by Södra. The acquisition is effective immediately.
Amorim has chosen to sign up for Välinge’s extended patent protection (EPP) for its WISE collection, which will also be equipped with Välinge’s 2G™ and 5G® locking technologies.
Stora Enso is launching a new building concept that makes it easier for architects, engineers and developers to design office buildings from wood. The concept provides guidance on the use of prefabricated wooden building components.
Södra’s facility for cross-laminated timber (CLT) in Värö, Sweden, will increase to two shifts and four new employees will be taken on, thereby doubling the production capacity.
Tolko announced that its British Columbia operations will be taking two weeks’ downtime from December 21 – January 6 during the holiday season. The last day of production will be December 20.
Donaldson Timber Engineering appoints Rodger Cook as new Business Development Director for Operations at the Buckhaven site. Reporting directly to the Managing Director, Rodger will be responsible for delivering the company’s operational objectives and strategy through established teams.
Weyerhaeuser Company completes the sale of its Michigan timberlands to Lyme Great Lakes Holding LLC, an affiliate of The Lyme Timber Company LP, for approximately $300 million in cash. The transaction includes 555,000 acres of timberlands in northern Michigan.
Koppers Holdings Inc. reported net income for the 3Q $19.8 million, or $0.94 per diluted share compared to net income of $7.6 million, or $0.35 per diluted share in the prior year quarter.
Kruger Products’ Gatineau plant was certified ISO 50001 for Energy Management. This makes Kruger Products L.P. the first company to receive this certification from the Bureau de normalisation du Québec (BNQ).