Goodfellow Inc. reported 3Q 2020 net income of $6.7 million or $0.78 per share compared to a net income of $2.5 million or $0.29 per share a year ago. Consolidated sales were $138.8 million compared to $130.6 million last year.

Iggesund Sawmill is being modernised to allow for an increase in production. Holmen is currently investing SEK 70 million ($8 million) in a new drying plant which will increase its drying capacity from 400,000 to 500,000 m3.

VPK Group came to an agreement with COPI Holding to buy Encase Ltd, manufacturer and designer of corrugated cardboard packaging. Encase Ltd operates two integrated corrugated packaging plants in England and one sheet plant in Scotland. It is VPK’s intention to merge Encase with its UK corrugated operations, formerly k...

In the 3Q 2020, Armstrong Flooring's net sales decreased 5.4% to $156.6 million from $165.6 million in the 3Q 2019. The net loss in the 3Q 2020 was $11.7 million, or diluted loss per share of $0.53, as compared to net loss of $31.4 million, or diluted loss per share of $1.44, in the prior year quarter.

Klabin acquired the units producing corrugated board and paper for packaging from International Paper in Brazil in March. The transaction was consummated after receiving approval from Brazil’s antitrust agency CADE (Conselho Administrativo de Defesa Econômica). The production units, which are located in Suzano, Franco ...

The current market conditions had a significant impact on Södra’s operating profit in the 3Q 2020. Despite higher year-on-year delivery volumes for Södra’s core products, the price formation for market pulp was weaker. For the 3Q, Södra’s sales declined 9% to SEK 4,925 million and operating profit to SEK 93 million ($1...

Homann Holzwerkstoffe GmbH signed a contract for the acquisition of 77 ha of industrial land near Vilnius, Lithuania. Like the Group's existing plants, the new plant will produce the HDF product range as well as MDF boards up to 22 mm. According to the current schedule, the plant is expected to go into operation in 202...

UFP Industries, Inc. announced record sales of $1.49 billion and net earnings attributable to controlling interest of $77.2 million for the 3Q ended September 26, 2020. The company also reported record EPS of $1.25 per diluted share, a 49% increase over the same period of 2019. These are the best quarterly sales and ea...

HNI Corporation announced sales for the 3Q ended September 26, 2020 of $507.1 million and net income of $30.7 million. Gross profit margin decreased 140 basis points compared to the prior-year quarter.

The Tri-Wall Group announced that its Mexican subsidiary, TW Mexico Packaging Solutions, acquired a 100% stake in Thimm Packaging Systems Mexico. Terms of the deal were not disclosed. The addition of Thimm Mexico will further expand Tri-Wall's capabilities in a key automotive and industrial market.

UPM strengthens its labor market resourcing with two appointments. Jyrki Hollmén, LL.M., has been appointed Vice President, Labor Markets, as of 1 December 2020. Mikko Lehtonen, LL.M., is appointed Legal Counsel, Labor Markets, as of 16 November 2020.