Ms. Lovcik will continue to serve as CFO through August 5, 2025, at which time the CFO responsibilities at Trex will be assumed on an interim basis by Bryan Fairbanks. Mr. Fairbanks served as CFO from August 2015 until being named CEO and a member of the Board in April 2020.
Delivered FY25 results significantly ahead of prior year with adjusted EBITDA up 125% year-on-year to Euro 10.8 million.
Price for plywood exported from Russia to China decreased 10%.
Matt Holt and Alexandre Ouellette earn manufacturing leadership promotions with the departure of Chief Operations Officer Tony Hamill.
In this role, Tony Hamill will oversee LP’s North American manufacturing footprint, which includes 18 facilities and a workforce of over 3,000 team members.
Imports of particle board to Kazakhstan downed 4%.
Exports of particle board from Thailand decreased 16%.
Exports of OSB from Norway rose 3%.
Over the last 12 months, the all items index increased 2.4% before seasonal adjustment.
Price for MDF panels exported from the U.S. to Mexico dipped 1.1%.
Price for OSB imported to the U.S. lost 19%.
Mark Mason will lead the company’s product management strategy, overseeing roadmap development, portfolio optimization, and cross-functional execution to drive our profitable sales growth strategy.
Imports of plywood to Japan increased 6%.
Exports of plywood from Russia to India decreased 14%.
This strategic move expands BlueLinx’s stocking footprint of LP SmartSide to 19 locations, spanning five of BlueLinx’s regions across the United States.
West Fraser Timber Co. Ltd. has entered into a syndicated credit agreement providing for the renewal of its $1 billion credit facility and extension of the facility’s maturity from July 2028 to May 2030.
With this partnership, Atlantic Plywood will distribute a full range of Sayerlack solvent-borne and waterborne products tailored for cabinet, furniture, millwork, and other wood professionals.
Financial terms of the deal will not be disclosed. Other Collins business units are not affected by this transaction.
Exports of particle board from Turkey contracted 18%.
Hexion Inc. uses artificial intelligence to improve the manufacturing process of wood panels.