UPM has set a target to increase the amount of deadwood in its commercial forests from the current level of about 5 m3 per hectare to 10 m3 per hectare. In UPM's protected areas and commercial forests where a specific nature management target has been set, the deadwood target is 20 m3 per hectare.
UFP Industries announced that Will Schwartz has been named president of UFP Retail Solutions, LLC, effective January 1, 2023. UFP Retail Solutions is an approximately $4 billion segment of UFP Industries that specializes in yard and home products.
Genesis Products, Inc., a leading manufacturer of OEM interior components, has acquired the Solid Surface division of Native Hardwoods, a quality manufacturer of hardwood and solid surface products.
SCA announes that preparatory work has been underway and at the end of September/October the actual dredging work will begin. Wasa Dredging is contracted to carry out the dredging work. The entire project with a new container port is expected to be completed by the end of 2023.
GreenFirst Forest Products Inc. announced the closing of $140 million in financing from the Bank of Montreal in Canada. The financing includes a $125 million asset-backed revolving credit facility and a $15 million term loan.
The recyclable and fiber-based wood foam Fibrease by Stora Enso can replace e.g. polymer-based foams in packaging solutions. A partnership with Nefab has made it possible to scale up the production and broadly introduce Fibrease to the market.
The President of Acimall, the association of Italian manufacturers of furniture and wood technology, Luigi De Vito succeeds Jürgen Köppel as President of Eumabois, European Federation of Woodworking Machinery Manufacturers.
PulpEye sold pulp analyzer to Ahlstrom-Munksjö’s specialty paper mill in Billingsfors in Sweden. With the help of PulpEye, measurement of kappa number, shives, dots and fibre length will take place online.
The three orders are linked to the existing framework agreement signed between RemaSawco and Moelven Timber in June this year. This framework agreement, which has a term of up to and including September 2022, can result in a business volume of a maximum of SEK 27.4 million ($2.4 million).
North American Specialty Laminations announces their new 57,000 square foot greenfield manufacturing and distribution location in Roanoke, Virginia.
The U.S. Department of Agriculture’s Forest Service announced more than $37 million in investments to improve vital recreation infrastructure located on national forests and grasslands.
Moelven is investing in five continuous kilns and the Valmatics 4.0 control system to its three sawmills in Scandinavia. It’s the most extensive single order the Moelven Group has ever placed with Valutec.
The average price of hardwood lumber downed 4.4%.
Trex Company adds its long-time distributor partner Snavely Forest Products to its South Central network. With this expanded partnership, Snavely will supply Trex products throughout Texas and the surrounding markets through its distribution centers in Dallas and Houston.
Norra Skog Board of Directors has decided to invest approximately SEK 300 million ($27.3 million) in Kåge sawmill. The investment will be divided into four areas; increased efficiencies, traceability, personnel spaces and new logistics.
The volume of exports fell 26%.