IFC, a member of the World Bank Group, and IDB Invest, a member of the IDB Group, are co-leading a $1.1 billion financing to LD Celulose S.A., a joint venture between Lenzing AG and Duratex S.A., to build one of the largest dissolving wood pulp plants in the world, in Minas Gerais State, Brazil.

Fady Gemayel, co-owner & Honorary Chairman at Gemayel Freres S.A.L., a family owned corrugated cardboard company, was elected European Federation of Corrugated Board Manufacturers (FEFCO) President for a two-year term.

UPM Plywood is planning to permanently close its Jyväskylä plywood mill in Finland, which is producing spruce and birch plywood. The company starts a consultation process concerning the entire personnel working at the mill. UPM Jyväskylä plywood mill employs 167 people.

The bio-heating boiler plant delivered for Fortum to Espoo, Finland, was handed over for commercial use. KPA Unicon’s Unicon Renefluid bubbling fluidized bed (BFB) boiler plant generates district heating for residents of Espoo utilizing wood biomass.

In January 2020 Peruvian timber exports were worth $9.1 million FOB, this represents an almost 20% decline from the $11.2 million export earnings in January 2019. In January 2020 exports of semi-manufactured products accounted for 54% of total exports while sawnwood accounted for a further 37% share.

Sawmills across North America looked toward the end of summer last week, as lumber prices continued to rise but sales volumes were unsteady. Lumber producers in the US and Canada considered this current market strength as temporary, and were already making plans for seasonal slow-downs when summer draws to a close. Sof...

BK Technologies Corporation announced that its operating subsidiary received orders totaling approximately $1.4 million dollars from the U.S. Forest Service (USFS). The orders are for BK’s KNG-Series Digital P-25 portable radios, mobile radios and base stations with related accessories. These orders are anticipated to ...

SUNY Cobleskill has received a $5.8 million grant from the California Department of Forestry and Fire Protection (CAL FIRE) to develop and deploy a mobile woody biomass conversion unit that will complement the state’s efforts to reduce wildfires. SUNY Cobleskill Visiting Research Assistant Professor David Waage will le...

Lumber Liquidators announced that Charles E. Tyson has been named President and CEO, and has been appointed to the company's Board of Directors, effective May 27, 2020. Mr. Tyson was appointed Interim President and Principal Executive Officer on February 5, 2020. Mr. Tyson will report to the Board of Directors.