Ian Tyson to retire as Timberlink CEO after decade-long tenure.
Cross Laminated Timber, CLT
Setra has reported an operating profit of SEK 8 million ($727,934) for the Q3 2023. Net sales totalled SEK 1,207 million ($110 million), compared to SEK 1,343 million ($122 million) in the Q3 2022.
Ledinek announces that the initial shipments containing the state-of-the-art equipment for Smartlam's brand-new GLT production facility have left its manufacturing site in Hoče en route to the Port of Savannah.
As noted in a statement from the Russian government, this measure is intended to help stabilize the ruble.
Annica Bresky leaves her position as the President and CEO to pursue new challenges outside of Stora Enso.
U.S. construction spending during July 2023 was estimated at a seasonally adjusted annual rate of $1,972.6 billion, 0.7% above the revised June estimate of $1,958.9 billion. The July figure is 5.5% above the July 2022 estimate of $1,869.3 billion.
U.S. real gross domestic product (GDP) increased at an annual rate of 2.1% in the Q2 2023. The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month. In the advance estimate, the increase in real GDP was 2.4%.
Timberlink’s NeXTimber facility will be Australia’s only combined radiata pine CLT and GLT facility, increasing Australia’s sovereign capability to manufacture these products while reducing reliance on imports.
In the Q2 2023, Operating EBITDA decreased to negative $68.7 million from positive $145.1 million in the same quarter of 2022 primarily due to lower pulp, lumber and energy sales realizations, the non-cash inventory impairment at its Canadian pulp mills and higher per unit fiber costs partially offset by higher sales v...