Woodworking News by Topics

Acquisitions, Mergers and Takeovers

yesterday

Mayr-Melnhof's divison MM Packaging acquired folding carton site in Bydgoszcz, Poland

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Mayr-Melnhof's divison MM Packaging acquired the folding carton site of ASG Poland in Bydgoszcz, Poland, in form of an asset deal for around Euro 9 million. The company produces packages for cosmetic and personal care products. The folding carton company most recently generated annual sales of aroun...
November 13, 2017

Cenveo announces sale of office products envelope business to LSC Communications

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Cenveo, Inc. announced that its wholly-owned subsidiary, Cenveo Corporation, has sold its office products envelope business commonly known as Quality Park Products, to LSC Communications, a global leader in traditional and digital print-related services and office products. The sale involves two fac...
November 9, 2017

Graphic Packaging agrees to acquire Seydaco Packaging Corp. and its affiliates

142  
Graphic Packaging Holding Company announced that its wholly-owned subsidiaries,Graphic Packaging International, Inc.and Graphic Packaging International Canada, ULC, have agreed to acquire the assets ofSeydaco Packaging Corp.and its affiliatesNational Carton and Coating Co., and Groupe Ecco Boite...

Analyst Comment

November 16, 2017

Pöyry: in 2017-2022 AAGR in Russian OSB market estimated at 5%

148  
Russia is decreasing its share in world plywood production, reported Lesnaya Industriya Daily quoting Cormac O'Carroll, Head of Management consulting in woodworking at Pöyry. 'Russia has all opportunities to supply production with birch logs and to increase production volumes', - said Cormac O'Carol...
August 4, 2017

In 2Q 2017 orders for Italian woodworking technologies increase by 31.9%

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In the April-June 2017, orders for Italian woodworking technologies recorded 31.9% growth rates, compared to the same period of 2016 (previous quarter growth was 22.2%), reported Italian woodworking machinery and tools manufacturers’ association Acimall. The final figure results from the performance...

Certification and Standardization

November 7, 2017

Winton Global Lumber passes Forest Practices Board audit

117  
An audit of Winton Global Lumber Ltd.’s activities on forest licence A18171, in the Fort St. James Natural Resource District, Canada, found compliance with the requirements of the Forest and Range Practices Act and the Wildfire Act.All activities carried out by Winton Global between June 2015 and Ju...
October 26, 2017

Forest Practices Board to audit forestry operations near Lillooet proceeding in Canada

179  
The Forest Practices Board will examine the activities of 0866740 B.C. Ltd., held by Aspen Planers Ltd., on forest licence A18700 during the week of October 30 to November 3, 2017. Originally scheduled for early July, the audit was postponed due to the forest fire situation at that time, as the Fore...
October 25, 2017

The Forest Practices Board to audit West Fraser Mills in Canada

202  
The Forest Practices Board will examine the activities of West Fraser Mills Ltd. on tree farm licence 52, near Quesnel, Canada, during the week of October 30, 2017. Auditors will examine whether harvesting, roads, silviculture, fire protection and associated planning, carried out between J...

Conferences and Exhibitions

October 25, 2017

Biesse reports 4,000 visitors recorded in 2017 edition of Biesse's Inside

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4,000 visitors were recorded as having attended the 2017 edition of Biesse's Inside, company reported. "We are extremely proud that our event has proved so popular among our domestic and international colleagues in the woodworking machinery industry; Inside is a key date for us, and we put a lot of ...
September 12, 2017

Michelman invests in a cutting edge Flexible Packaging Incubator

504  
Michelman will be spotlighting a variety of its flagship functional coating and print receptive technologies for packaging at the Speciality Films and Flexible Packaging Global Summit 2017 being held September 14-15, 2017 in Mumbai, India. Additionally, Mr. Shailesh Nema, Michelman’s India Country M...

Contracts and Orders

November 15, 2017

Lamco Forest Products enters agreement with Intelligent Wood Systems

257  
Lamco Forest Products Inc. of St Felicien, Quebec has entered into an agreement with UK based Intelligent Wood Systems Ltd. ("IWS") of Perth, Scotland, to bring the IWS-FAST holistic Fire Mitigation system to North America.LAMCO VP Sales Andrew Dingman states: "LAMCO's High Value/High Strength Black...
November 15, 2017

Cenveo awarded 2020 U.S. Census Printing and Mailing Contract

144  
Cenveo, Inc. has been awarded the 2020 Census Printing and Mailing Contract from the U.S. Census Bureau. The two-year $61 million contract is one of the largest contracts for printing and mailing ever awarded by the U.S. Government Publishing Office.The contract will involve the manufacturing and fu...
November 14, 2017

Andritz to supply baling line with bale tracking to Sappi Saiccor in South Africa

198  
International technology Group Andritz has received an order from Sappi Saiccor to supply a baling line with bale tracking for its mill in Saiccor, South Africa. Start-up is scheduled for 2018, as the company says in the press release received by Lesprom Network.The order comprises a new baling line...

Credits

October 24, 2017

International Paper sells NA consumer packaging business to Graphic Packaging

641  
International Paper sells its North American consumer packaging business to Graphic Packaging Holding in a transaction valued at $1.8 billion, company said in a statement. IP plans to use $660 million in cash proceeds from a loan being assumed by Graphic Packaging to pay down existing debt. IP will ...
September 8, 2017

Kruger to diversify its Québec paper mills in into specialty niches

394  
Kruger Inc. announces a $377.6 million transaction to diversify operations at its Brompton and Wayagamack Mills into specialty niches, such as flexible food packaging, labelling and digital printing. This major project, undertaken in partnership with the Government of Québec, will help to maintain m...
September 8, 2017

Norske Skog entered into a loan agreement for a Euro 16 million liquidity facility

479  
Norske Skog has entered into a loan agreement for a Euro 16 million liquidity facility with holders of a majority of the SSN (Euro 290 million, 2019) to support the group's operating business throughout the recapitalization process.The newly elected Board of Directors of Norske Skog has invited key ...

Duties and Tariffs

yesterday

Sappi to increase prices on woodfree grades by 6-8%

109  
Due to continuing input cost increases and unsustainable profit levels, Sappi is forced to continue passing on this cost inflation by increasing its woodfree grades prices by 6-8% effective on deliveries from January 1st 2018 for all European markets.Despite strong order books margins continue to be...
November 8, 2017

Sappi to increase prices on LWC and MWC grades by 6-8%

121  
Due to continuing input cost increases Sappi is forced to continue passing on this cost inflation by increasing its LWC and MWC grades prices by 6-8% from January 1st 2018 for all markets. Despite strong order books margins continue to be depressed by this severe input cost inflation, as the company...
November 7, 2017

SCA announces price increase for publication papers in Europe

129  
Following improved global market balance as well as improved demand for printing paper, SCA announces a price increase in Europe of Euro 40 per ton for coated mechanical reels and uncoated mechanical reels, effective January 1, 2018.SCA is the largest private forest holding in Europe. The core of th...

Earnings Projections

November 15, 2017

Honkarakenne increases its profit forecast for 2017

120  
Honkarakenne estimates its 2017 result before taxes to be in the black, that is, significantly better than a year before, as the company says in the press release received by Lesprom Network.Thanks to a good start to the year and the order intake, Honkarakenne estimates that its full-year result wil...
October 20, 2017

Rayonier Advanced Materials expects revenue impact of $15 and $30 million in 2017

255  
Rayonier Advanced Materials announced that due to an operational upset earlier this month at a major customer, sales volumes in 2017 for its cellulose specialties products are anticipated to be lower than previously expected.Based on currently available information from the customer, the impact to t...
October 17, 2017

Ponsse´s euro-denominated operating profit is expected to be higher in 2017

248  
Due to good first half-year and very strong 3Q Ponsse Group´s euro-denominated operating profit is expected to be slightly higher in 2017 than in 2016. The previous guidance stated the Group's euro-denominated operating profit to be at the same level in 2017 as it was in 2016. Ponsse's strongly upd...

Environmental News

November 10, 2017

Borregaard to reduce NOx emissions by more than 50% from 2018

284  
By investing strongly in various environmental measures, Borregaard will reduce NOx emissions by more than 50% from 2018, as the company says in the press release received by Lesprom Network.One of Borregaard’s energy sources is a bioboiler that converts residual products from vanillin and cellulose...
October 19, 2017

Smurfit Kappa introduced innovative trucks for reducing CO₂ emissions at Piteå paper mill, Sweden

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Smurfit Kappa has introduced innovative new trucks which have increased capacity and slashed CO₂ emissions by 20%. The vehicles, which have been pioneered at the Piteå paper mill in Sweden, can handle heavier loads, resulting in a 30% reduction in the number of trips annually, as the company said in...
October 17, 2017

The Forest Practices Board to audit 11 woodlots in Burns Lake and Francois Lake area, Canada

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The Forest Practices Board will examine forest planning and practices on 11 woodlots in the Nadina Resource District, Canada. Auditors will examine whether harvesting, roads, bridges, silviculture, fire protection and associated planning, carried out between October 2015 and October 2017. ...

Facility and Equipment

yesterday

DS Smith opens first Impact Centre in Iberia

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DS Smith, Europe’s leading packaging strategist, has opened its first Impact Centre in Iberia. The brand-new facility was officially opened on November 13th and is located in Torrejon de Ardoz, Spain, as the company said in the press release received by Lesprom Network.The new premises will provide ...
November 16, 2017

Toscotec completed a dryer section rebuild for Smurfit Kappa in Barbosa, Colombia

139  
In 2016 Smurfit Kappa awarded Toscotec with the rebuilding of the Company's Barbosa paper machine’s dryer section. The target operating speed of the machine after startup was set at 1,000 mpm, as the company said in the press release received by Lesprom Network.The main target of the project was to ...
November 16, 2017

WestRock invests $410 million in Florence, South Carolina kraft linerboard mill

207  
WestRock Company announced a planned investment in its Florence, South Carolina kraft linerboard mill. The $410 million investment over two years will include installing a 330” state-of-the-art kraft linerboard machine and related infrastructure that will replace three older, narrow-width paper mach...

Finance

yesterday

Verso Corporation reports 3Q net sales of $621 million

102  
Verso Corporation reported financial results for the 3Q 2017, including net sales of $621 million, net income of $4 million, and adjusted EBITDA of $47 million. Net sales for the 3Q 2017 decreased by $54 million, compared to the 3Q 2016. Gross margin, excluding depreciation, amortization, and deplet...
November 16, 2017

Mayr-Melnhof Group’s consolidated sales up 2.1% in January-September

257  
The Mayr-Melnhof Group’s consolidated sales for the first three quarters of 2017 totaled Euro 1,749.1 million and were thus 2.1%, or Euro 35.3 million above the previous year’s value (1-3Q 2016: Euro 1,713.8 million). Both divisions contributed to the slight increase, as the company said in the pres...
November 16, 2017

Keweenaw Land Association, Limited reports net income of $0.8 million in 3Q

106  
Keweenaw Land Association, Limited announced 3Q earnings for the period ending September 30, 2017. The company reported net income of $79,693, or $0.06 per share, versus net income of $231,618, or $0.18 per share, in the 3Q 2016.Keweenaw also reported timber sales of $3.5 million for the quarter, up...

Information Technology

November 15, 2017

Lamco Forest Products enters agreement with Intelligent Wood Systems

257  
Lamco Forest Products Inc. of St Felicien, Quebec has entered into an agreement with UK based Intelligent Wood Systems Ltd. ("IWS") of Perth, Scotland, to bring the IWS-FAST holistic Fire Mitigation system to North America.LAMCO VP Sales Andrew Dingman states: "LAMCO's High Value/High Strength Black...
November 13, 2017

SPM Instrument to supply online monitoring systems to SCA Packaging Obbola in Sweden

138  
Swedish pulp and kraft linerboard mill SCA Packaging Obbola is now investing in its first two online systems of the Intellinova Parallel EN model, the most recently developed SPM online system, as SPM Instrument says in the press release received by Lesprom Network.Intellinova Parallel EN is a high-...
October 13, 2017

Stora Enso deploys Rubrik's data management platform at its mill in Ghent, Belgium

384  
Rubrik, the Cloud Data Management Company, announced that Stora Enso has deployed Rubrik’s market-leading data management platform at their paper mill in Langerbrugge, Ghent to protect their virtual and physical workloads.The deployment includes Rubrik Edge, a software-only appliance, to protect the...

International Trade

yesterday

Japan’s assembled flooring up 26% in September

147  
The value of September 2017 Japan’s imports of wooden flooring up 26% from levels in September 2016 but dipped when compared to a August imports (-12%).For September 2107 HS 441875 accounted for 70% of Japan’s assembled flooring imports followed by HS 441879 at 25%. Shippers in China dominated Septe...
November 16, 2017

China’s radiata pine log imports rose 14% in the 1H 2017

148  
In the first half of 2017 China’s softwood log imports were 17.51 million cubic metres. The main imported softwood log species in the first half of 2017 were radiata pine (7.56 million cubic metres, 43%), spruce and fir (2.51 million cubic metres, 14%), Korean and Scots pine (2.04 million cubic metr...
November 16, 2017

Pöyry: in 2017-2022 AAGR in Russian OSB market estimated at 5%

148  
Russia is decreasing its share in world plywood production, reported Lesnaya Industriya Daily quoting Cormac O'Carroll, Head of Management consulting in woodworking at Pöyry. 'Russia has all opportunities to supply production with birch logs and to increase production volumes', - said Cormac O'Carol...

Investments

November 16, 2017

WestRock invests $410 million in Florence, South Carolina kraft linerboard mill

207  
WestRock Company announced a planned investment in its Florence, South Carolina kraft linerboard mill. The $410 million investment over two years will include installing a 330” state-of-the-art kraft linerboard machine and related infrastructure that will replace three older, narrow-width paper mach...
November 16, 2017

Sodra completes SEK 100 million ($11.9 million) investment in Langasjo sawmill, Sweden

129  
Södra’s investment of SEK 100 million ($11.9 million) in Långasjö, Sweden, has now been completed. The investment means that a totally new saw linewill be inoperation as of November. Next year, production at the facility will increase by almost 30%, as the company says in the press release recei...
November 15, 2017

Sappi North America invests $5.94 million in Cloquet, Minnesota mill

117  
Sappi North America announced a $5.94 million capital investment in its Cloquet, Minnesota mill to replace the headbox on Paper Machine 12 (PM12). This investment enabled Sappi to maintain its capacity by adding a state-of-the-art, dilution profiled headbox that produces excellent basis weight profi...

Joint Ventures

October 16, 2017

Arauco signs joint venture agreement with ETEX Group

494  
Arauco and ETEX signed a partnership agreement to improve habitability and sustainability in construction with innovations in the development of dry construction solutions with wood for the home, building and remodeling markets. This partnership will have a $6 million investment, starting in Chile t...
September 29, 2017

Kemira forms joint venture with fatty acid chloride producer in China

247  
Kemira has signed an agreement to form a joint venture - Kemira TC Wanfeng Chemicals Yanzhou ("NewCo") - with Shandong Tiancheng Wanfeng Chemical Technology ("Tiancheng"). NewCo will strengthen Kemira's position as the global leader in Pulp & Paper industry and supports the growth of water treat...
September 6, 2017

Mondi and WWF extend strategic partnership by three years

387  
Mondi Group and WWF International have renewed their global partnership for a further three years, as the company said in the press release received by Lesprom Network.In 2014 Mondi entered into a three-year global partnership with WWF, focusing on promoting environmental stewardship in the packagin...

Legal and Judicial / Legislation

November 2, 2017

U.S. Department of Commerce finds dumping and subsidization of imports of softwood lumber from Canada

346  
The U.S. Department of Commerce announced the affirmative final determinations of the antidumping duty (AD) and countervailing duty (CVD) investigations of imports of softwood lumber from Canada.While significant efforts were made by the United States and Canada, and the respective softwood lumber i...
October 10, 2017

FFIF proposes extension of current collective labor agreement

216  
Since the spring, the Finnish Forest Industries Federation (FFIF) and the Finnish Paper Workers’ Union have been negotiating over changes to the collective labour agreement. The FFIF has proposed that the current agreement be extended in its current form for a year and that negotiations ove...
October 2, 2017

International Paper to reduce pension liabilities by $1.3 billion

381  
International Paper has entered into an agreement with The Prudential Insurance Company of America to purchase a group annuity contract and transfer approximately $1.3 billion of International Paper's U.S. qualified pension plan projected benefit obligations.The transaction will be funded with pensi...

Liquidation/Bankruptcy

November 10, 2017

Appvion to consolidate carbonless paper manufacturing operations

187  
Appvion Inc. plans to consolidate the majority of the carbonless paper coating and rewinding operations currently performed at its plant in Appleton, Wisconsin, to its integrated pulp and paper mill in Roaring Spring, Pennsylvania, and relocate the Appleton Plant’s sheeting operations to an Appvion-...
November 9, 2017

Western Forest Products closes Englewood logging train in British Columbia, Canada

821  
Western Forest Products Inc. closes its Englewood logging train in British Columbia, Canada. Logs will be transported by truck at a lower cost to create efficiencies in the transportation of logs to its mills from northern Vancouver Island forestry operations, as the company says in the press releas...
October 24, 2017

UPM Paper ENA to close paper machine at Blandin mill in Minnesota

226  
UPM Paper ENA plans to optimize operations at its UPM Nordland Papier and UPM NorService units in Dörpen, Germany, Europe's biggest fine paper site. Streamlining internal processes and investing in automation will enable a sustainable improvement of the fixed cost structure, as the company says in t...

Management/Corporate changes/Labour

yesterday

Homag names Andreas Denker as Executive Vice President Global Sales and Marketing

132  
Andreas Denker joined the Homag Group's top management team as Executive Vice President Global Sales and Marketing. In his capacity, and as member of the executive committee, he reports to CEO Pekka Paasivaara, who had been overseeing the Global Sales & Marketing field as an additional role unti...
November 15, 2017

Finnish Forest Industries Federation elected Ilkka Hämälä as new Chairman

123  
The Board of the Finnish Forest Industries Federation has elected Ilkka Hämälä, the future President and CEO of Metsä Group, as its Chairman. The Federation’s annual autumn meeting took place in Helsinki today. The autumn meeting also elected the Board of Directors and Executive Committee for 2018.“...
November 14, 2017

Weyerhaeuser appoints Devin Stockfish as SVP, Timberlands

253  
Weyerhaeuser appoints Devin Stockfish as senior vice president, Timberlands, effective January 1, 2018. Devin will replace Rhonda Hunter, who has elected to retire after 30 years with the company.Devin Stockfish is vice president of Weyerhaeuser's Western Timberlands business. Prior to that role he ...

Market share

November 2, 2017

U.S. Department of Commerce finds dumping and subsidization of imports of softwood lumber from Canada

346  
The U.S. Department of Commerce announced the affirmative final determinations of the antidumping duty (AD) and countervailing duty (CVD) investigations of imports of softwood lumber from Canada.While significant efforts were made by the United States and Canada, and the respective softwood lumber i...

Marketing

September 12, 2017

Michelman invests in a cutting edge Flexible Packaging Incubator

504  
Michelman will be spotlighting a variety of its flagship functional coating and print receptive technologies for packaging at the Speciality Films and Flexible Packaging Global Summit 2017 being held September 14-15, 2017 in Mumbai, India. Additionally, Mr. Shailesh Nema, Michelman’s India Country M...
July 12, 2017

The CPH Group to standardize the branding within its Chemistry and Packaging divisions

441  
The CPH Group is to standardize the branding within its Chemistry and Packaging divisions. The Chemistry Division will now trade solely under the “Zeochem” name, while the Packaging Division will use only the “Perlen Packaging” brand. The actions are the result of a broader reappraisal of the Group’...

Monopolies and Competition

November 2, 2017

U.S. Department of Commerce finds dumping and subsidization of imports of softwood lumber from Canada

346  
The U.S. Department of Commerce announced the affirmative final determinations of the antidumping duty (AD) and countervailing duty (CVD) investigations of imports of softwood lumber from Canada.While significant efforts were made by the United States and Canada, and the respective softwood lumber i...

New Products and Services

yesterday

UPM Raflatac introduces new Forest Positive concept and RAFNXT+ range of sustainable labeling

119  
UPM Raflatac is introducing to the European market a unique lifecycle approach called Forest Positive along with RAFNXT+, a next-generation solution for sustainable packaging.Forest Positive brings significant benefits for nature because it not only ensures net zero deforestation, but is also proven...
yesterday

EPAL introduced quality-assured EPAL chemical pallets

145  
With the maxim “the chemistry is right”, the European Pallet Association e.V. (EPAL) is launching the independently quality-assured EPAL CP pallets at its press conference in Düsseldorf, Germany. This expands EPAL’s existing and highly successful load carrier portfolio with nine more quality-assured...
November 16, 2017

Metsä Wood expands the Kerto® LVL product range

102  
Metsä Wood is launching the innovative L-panel as part of the LVL product range. L-panel is suitable for a wide variety of applications, from wall and ceiling panels, to door blanks and window frames, as the company says in the press release received by Lesprom Network.Designed with light and non-lo...

Operations

November 16, 2017

U.S. containerboard production up 5.1% in October

114  
U.S. containerboard production in October 2017 was up 5.1%, compared to October 2016. The month-over-month average daily production compared to September 2017 was 3.1% higher, as the American Forest & Paper Association reported.The containerboard operating rate for October increased from 95.9% t...
November 16, 2017

WestRock invests $410 million in Florence, South Carolina kraft linerboard mill

207  
WestRock Company announced a planned investment in its Florence, South Carolina kraft linerboard mill. The $410 million investment over two years will include installing a 330” state-of-the-art kraft linerboard machine and related infrastructure that will replace three older, narrow-width paper mach...
November 16, 2017

Sodra completes SEK 100 million ($11.9 million) investment in Langasjo sawmill, Sweden

129  
Södra’s investment of SEK 100 million ($11.9 million) in Långasjö, Sweden, has now been completed. The investment means that a totally new saw linewill be inoperation as of November. Next year, production at the facility will increase by almost 30%, as the company says in the press release recei...

Plans and Strategy

November 16, 2017

Interfor CFO plans to sell common shares

130  
Interfor Corporation announced that John Horning, Interfor’s CEO who intends to retire on December 31, 2018, has advised the Company of his intention to sell, subject to market conditions, a portion of his Interfor shareholdings over the next 14 months for financial planning purposes.Mr. Horning cur...
November 16, 2017

Pöyry: in 2017-2022 AAGR in Russian OSB market estimated at 5%

148  
Russia is decreasing its share in world plywood production, reported Lesnaya Industriya Daily quoting Cormac O'Carroll, Head of Management consulting in woodworking at Pöyry. 'Russia has all opportunities to supply production with birch logs and to increase production volumes', - said Cormac O'Carol...
November 14, 2017

Neenah Paper announces corporate name change to Neenah, Inc.

140  
Neenah Paper, Inc. will change its name to Neenah, Inc., effective on January 1, 2018. The Company's ticker symbol on the New York Stock Exchange will remain "NP" and names of subsidiaries will not be affected."As we've continued to successfully execute our strategy to increase our presence in growi...

Ratings

August 18, 2017

Moody’s Investors Service upgraded Metsä Board's credit rating

283  
Moody’s Investors Service has upgraded Metsä Board's Corporate Family Rating (CFR) by one notch from Ba2 to Ba1, as the company said in the press release received by Lesprom Network.At the same time, Moody’s upgraded Metsä Board’s Euro 225 million senior unsecured bond, that matures on 2019, from Ba...
August 16, 2017

Combined revenue of 50 biggest Russian wood based companies increased 17.5%

413  
In 2017, a 50 companies make it onto 9th annual ranking of Russia's largest forest based companies, published by the Russian woodworking journal Lesnaya Industriya. Taken as a group, these companies have combined revenues of 482.8 billion roubles ($5.19 billion), up 17.5% from previous ranking. Ilim...
July 17, 2017

Standard & Poor’s upgraded Holmen's credit rating

425  
Standard & Poor’s Ratings Services has upgraded Holmen's credit rating from BBB to BBB+ based on a sustained improvement of earnings and cash-flow, as the company said in the press release received by Lesprom Network.Holmen is a forest industry group that manufactures paperboard, paper and wood ...

Sales and Markets

November 16, 2017

U.S. packaging papers shipments down 1.6% in October

112  
Total U.S. packaging papers shipments in October 2017 were 223,400 tons, 1.6% lower than October 2016. Bag & sack shipments are up 3.3% year-to-date, while food wrapping shipments are down 7.1% over the same period, as the American Forest & Paper Association reported.The operating rate for O...
November 16, 2017

Slovenia: The value of purchased roundwood decreased by 47% in September

136  
Slovenia's roundwood purchased from private owners in September 2017 was worth Euro 4.2 million, which is about 28% less than in the previous month (mainly due to the lower quantity of purchased wood), as the Statistical Office of the Republic of Slovenia said in the press release received by Lespro...
November 16, 2017

Pöyry: in 2017-2022 AAGR in Russian OSB market estimated at 5%

148  
Russia is decreasing its share in world plywood production, reported Lesnaya Industriya Daily quoting Cormac O'Carroll, Head of Management consulting in woodworking at Pöyry. 'Russia has all opportunities to supply production with birch logs and to increase production volumes', - said Cormac O'Carol...

Share Capital

November 16, 2017

Interfor CFO plans to sell common shares

130  
Interfor Corporation announced that John Horning, Interfor’s CEO who intends to retire on December 31, 2018, has advised the Company of his intention to sell, subject to market conditions, a portion of his Interfor shareholdings over the next 14 months for financial planning purposes.Mr. Horning cur...
October 24, 2017

International Paper sells NA consumer packaging business to Graphic Packaging

641  
International Paper sells its North American consumer packaging business to Graphic Packaging Holding in a transaction valued at $1.8 billion, company said in a statement. IP plans to use $660 million in cash proceeds from a loan being assumed by Graphic Packaging to pay down existing debt. IP will ...
October 17, 2017

Bankinter raised Ence's target price to Euro 5.63 per share

841  
Bankinter raised Ence's target price to Euro 5.63 per share, 22% above the closing price on the same day, and reiterated its recommendation to Buy Ence shares based on an improvement in the outlook for eucalyptus pulp prices for the next three years.This report follows the one published by Kepler Ch...
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