In late 2021, Iida acquired a 75% stake in Russian lumber producer RFP Group for $525 million.
The export volume jumped 16% to 1,245.1 thousand m3.
This was stated by Aleksey Mordashov, head of the board of Severstal, which also owns the leading Russian birch plywood producer Sveza, at the St. Petersburg International Economic Forum in Russia.
In May, Florida Сourt’s permanent injunction suspended sale of Brazilian plywood in the U.S.
UPM raises its earnings outlook for H1 2022 and for the full year 2022. The company now expects its comparable EBIT to increase both in H1 2022 from H1 2021, and in the full year 2022 from 2021. UPM’s comparable EBIT totalled Euro 586 million in H1 2021, and Euro 1,471 million in the full-year 2021.
Boise Cascade has reached an agreement to acquire Coastal Plywood Company, including its two manufacturing locations, from Coastal Forest Resources Company for $512 million, subject to certain closing adjustments. Boise Cascade plans to invest $50 million into its Southeast operations over a three-year period to furthe...
WISA BioBond is UPM Plywood’s proprietary bonding technology in which at least 50% of fossil-based phenol in the glue is replaced with wood’s own natural bonding agent, lignin.
UPM is the first Finnish company, acting as a shipper and charterer, to discharge its ship-generated wastewater on land and utilise various circular economy solutions in wastewater treatment. The commitment has been made for the years 2022-2026, and it will focus on promoting BSAG's Ship Waste Action initiative.
The value of Russian plywood shipments to the U.S. reached $32 million as the average price soared to $832 per m3.
In a Ft. Lauderdale federal court, Florida, Judge Roy Altman entered a permanent injunction requiring the revocation of all PS 1 certificates issued by PFS-TECO to over a dozen Brazilian mills producing structural plywood for the U.S. market. The decision forces wholesalers and retailers to immediately consider these p...
In April 2022 Brazilian exports of wood-based products (except pulp and paper) increased 22% in value compared to April 2021, from $380.5 million to $465.3 million.
Hardwood specialist Danzer recorded revenue of Euro 170 million in 2021. Adjusted for the divestiture of the sawmill in Bradford, Pennsylvania, which was disposed of in April 2021, this represents a year-on-year increase of 25% (2020: Euro 136 million).
He will join Raute from Metso Outotec Corporation where he holds the position of Senior Vice President, with responsibility for the crusher wears business. He will take over the position as Raute’s President and CEO at the latest on November 24, 2022.
The new press will be ready for production during the autumn of 2022.
Single-family permits decreased 4.6% to a 1.11 million unit rate in April. Nonetheless, the resale market lacks inventory, which is supporting demand for new construction.
How the world wood markets will change and what the Russian forest based industry will lose. The new report provides a detailed picture of how the global markets for wood products have changed in January-April 2022, and what consequences the war has had for Russian companies. It presents also the forecasts of the owner...
Boise Cascade Company announced that Craig Dawson and Amy Humphreys were elected to the Board of Directors . In addition, Richard (Rick) Fleming retired from the Board after nine years of service.
After the start of the war, Siemens put all new business in and international deliveries to Russia and Belarus on hold. The comprehensive international sanctions, as well as current and potential countermeasures, impact the company’s business activities in Russia, particularly rail service and maintenance.
Boise Cascade Company reported net income of $302.6 million, or $7.61 per share, on sales of $2.3 billion for the 1Q ended March 31, 2022, compared with net income of $149.2 million, or $3.76 per share, on sales of $1.8 billion for the 1Q ended March 31, 2021.
Boise Cascade announces that Joanna Barney has been promoted to Vice President, Western Operations, Building Materials Distribution division. Troy Little has been promoted to Vice President, Finance and Commodity Sales, Wood Products division.