Wooden Panels Timber Markets News

Wooden Panels

Egger Wood Products in Linwood will be investing $50 million for an additional production line and a new recycling center next year. Scheduled for completion by the end of 2022, the third lamination line will increase production capacity at the plant by 50%. A new $30 million recycling facility will also be installed ...

M/s Baahu Panel Pvt Ltd, the wholly owned subsidiary of Greenply Industries Limited, orders a Siempelkamp plant for the production of MDF and HDF. Greenply decided in favor of a Siempelkamp ContiRoll press that will be used for the production of MDF and HDF with a board thickness variance ranging from 1.5 mm to 35 mm.

US LBM has acquired Professional Builders Supply, a top supplier of building materials to local, regional and national custom and production professional builders in North and South Carolina.

The South African wood-based panel producer PG Bison signed the contract for the purchase of its fourth Siempelkamp plant within 15 years. The planned annual production capacity of the new MDF plant is more than 275,000 m3 per year. Commissioning of this equipment is planned for the 1Q 2022.

Louisiana-Pacific Corporation's net sales for the 3Q 2021 increased by $424 million (or 53%) over the prior year to $1.2 billion. Adjusted EBITDA for the 3Q 2021 increased by $249 million over the prior year period to $522 million.

The Steico Group's 9-month of 2021 revenues were up 27% year-on-year at Euro 288.6 million. EBIT in the first nine months rose by 104.9 % to Euro 50.1 million, while net income for the first nine months lifted by 109.6% to Euro 35.2 million.

Hardwoods Distribution's 3Q 2021 consolidated sales climbed to a record $471.7 million, an increase of $234.7 million, or 99.1%, from $236.9 million in the same period in 2020. Organic sales growth in 3Q 2021 was 42.6% while acquisitions contributed an additional 58.1%.

Boise Cascade announces the expansion of its Ohio Valley Building Materials Distribution (BMD) network. A new distribution center will be built on a 20-acre site in Marion, Ohio, which will include a 100,000 sq. ft. warehouse with 13 acres of lumber storage. The location is also rail-served. The company expects to brea...