UPM has completed the employee consultation process in Finland started in April. As a result, the number of employments in Finland will decrease by 28. In Germany and Austria, the process is still on-going.
Plywood
Metsä Group has started a planning process with the City of Äänekoski in Finland with the aim of expanding the production of mechanical wood products at the Äänekoski mill site in the future. The planning process is estimated to last until early 2022.
Pervanovo Invest AB, headquartered in Viken Sweden and with subsidiaries in Croatia, has acquired 98% of the shares in Spačva d.d. in Vinkovci, Croatia.
Winfried Schaur has been appointed as Executive Vice President, Technology and Mika Kekki as Executive Vice President, UPM Plywood as of October 1, 2021.
With regard to the antidumping investigation concerning imports of birch plywood originating in Russia, the European Commission provides a summary of the proposed provisional duties ranging from 15% to 17.2%.
Unilin Group, through its division Unilin Flooring, has come to an agreement with the Austrian supplier of timber and wood-based materials JAF Group to acquire an important part of its production site in Braşov, Romania. The deal includes land, buildings and industrial assets. Over 100 employees will transfer to Unilin...
The production on the new lines will be started during Q3 2022.
Boise Cascade Company reported net income of $149.2 million, or $3.76 per share, on sales of $1.8 billion for the 1Q ended March 31, 2021, compared with net income of $12.2 million, or $0.31 per share, on sales of $1.2 billion for the 1Q ended March 31, 2020.
Homag Group further acquires a majority interest in the Danish mechanical engineering company Kallesoe Machinery A/S. The purchase price is in the low double-digit million-euro range.
Garnica has started work on the construction of its seventh plant, which will be built according to the “smart factory” model, in the Parc du Grand Troyes, France. The new plant will start operating in 2022, with an annual wood consumption capacity of 300,000 m3.
UPM aims to increase efficiency of its global functions by reorganising and streamlining the operations in Finland, Germany, and Austria. If implemented, the plans would decrease the number of employments in the functions by up to 51.
Redeve has earlier bought the Myllykoski mill site and the Voikkaa business district from UPM and operates business districts on both locations. Same is being planned also for Säynätsalo.
The European Wood-Based Panels Federation (EPF) unanimously elected Martin Brettenthaler, CEO of Swiss Krono Group and Tobias Schindler, CSO of Steico SE, to its Managing Board with immediate effect.
The Board of Directors of UPM-Kymmene Corporation re-elected Björn Wahlroos as Chair, and Berndt Brunow as Deputy Chair of the Board of Directors.
The most influential trade fair for the furniture production, woodworking machinery and interior decor industry in Asia - interzum guangzhou - will take place from 28 to 31 March 2021.
Sveza has put into operation a second CNC machine with programmed numerical control at its mill in St. Petersburg, Russia. Investments related to the purchase and commissioning of new equipment amounted to RUB 26 million ($357,143).
For the full year 2020, Boise Cascade reported net income of $175 million, or $4.44 per share, on sales of $5.5 billion.