Woodworking News by Topics

Acquisitions, Mergers and Takeovers

yesterday

BAP signs purchase agreement with EcoPlanet Bamboo for production of bamboo sanitary papers

153  
BAP Industries of Guatemala signs a 10-year exclusive bamboo purchase agreement with United States based EcoPlanet Bamboo Group for 100% of the off-take from its sustainably grown Nicaraguan bamboo plantations, as part of a strategic alliance with Advance Pulp and Paper Machinery AP&P Machinery ...
yesterday

Ahlstrom-Munksjö to acquire the Caieiras specialty paper mill in Brazil

194  1
Ahlstrom-Munksjö has entered into an agreement to acquire MD Papéis’ Caieiras specialty paper mill in Brazil of the Formitex Group, an industrial conglomerate active in the paper, chemicals and panel board industries. The transaction is expected to be completed during the 3Q 2018 and is subject to c...
April 19, 2018

Arjowiggins completed the sale of Arjowiggins Security

171  
Arjowiggins completed the sale of Arjowiggins Security to the Blue Motion Technologies Holding investment group. Arjowiggins Security mainly produces banknote paper at the Crèvecœur mill in France.Following the divestment of Dutch-based Arjowiggins Security BV and its Apeldoorn mill in July 2017, th...

Analyst Comment

16 hours ago

Canfor Pulp Products reports operating income of $85.1 million

124  
Canfor Pulp Products Inc. reported operating income of $85.1 million for the first quarter of 2018, an increase of $18.3 million from the $66.8 million reported in the fourth quarter of 2017 as the benefit of near-record high US-dollar pricing for Northern Bleached Softwood Kraft (“NBSK”) pulp and i...
April 13, 2018

Global Sawlog Price Index increases 9.8% in 2017

250  
In the 4Q/17, the Global Sawlog Price Index (GSPI) rose one percent from the previous quarter to reach just over $76/m3. This was the fourth consecutive quarter- over-quarter rise, with the GSPI being up 9.8 percent in one year. Sawlog prices have gone up universally in US dollar terms in 2017, with...
April 7, 2018

Top 20 Canadian and U.S. lumber producers featured mixed production trends despite a runaway lumber market in the U.S.

396  
FEA Canada/Wood Markets’ 2017 annual survey of “Top 20” Canadian and U.S. lumber producers featured mixed production trends despite a runaway lumber market in the U.S. With few mill acquisitions, almost all of the production gains arose from improvements at existing mills. Of the top 40 companies, 8...

Certification and Standardization

April 5, 2018

OneFortyOne received Australian Standard for Sustainable Forest Management certification

233  
OneFortyOne (OFO) confirms that independent forestry auditors have again found the Company to be fully compliant with the globally endorsed Australian Standard® for Sustainable Forest Management.Certification is managed by the Responsible Wood Scheme and ensures that OFO’s forests are conserved and ...
April 2, 2018

Crown Van Gelder awarded OHSAS 18001 accreditation for its health and safety management system

226  
Crown Van Gelder has been awarded the OHSAS 18001 accreditation for its Health and Safety Management System, as the company says in the press release received by Lesprom Network.The OHSAS 18001 is the internationally recognized assessment specification for occupational health and safety management s...
March 29, 2018

Kruger Specialty Papers joins Sustainable Packaging Coalition

229  
Kruger Specialty Papers has joined the Sustainable Packaging Coalition (SPC), a membership-based collaborative that believes in the power of industry to make packaging more sustainable. Kruger Specialty Papers shares the SPC’s vision of a world where all packaging is manufactured responsibly using p...

Conferences and Exhibitions

April 10, 2018

Xylexpo 2018 trade fair will be attended by 420 companies, 18 thousand visitors expected

315  
The 2018 edition of Xylexpo is going to be a milestone in the 50-year success story of the event: the area has been virtually sold out for a few weeks now and, with the addition of a fourth hall, the exhibition will get close to 35 thousand net square meters, a significant progress from 29,189 in th...
March 31, 2018

Wood Taiwan 2018 draws 167 participating companies

504  
Wood Taiwan 2018, co-organized by Taiwan External Trade Development Council (TAITRA) and Taiwan Woodworking Machinery Association (TWMA) will be unveiled at Taipei Nangang Exhibition Center, Hall 1 from April 2 to 5. There will be a total 167 domestic and overseas exhibitors, using 1,076 booths. The...
March 28, 2018

Biesse Middle East signes Euro 1.3 million contracts at Dubai Woodshow

264  
Biesse Middle East has signed contracts worth more than Euro 1.3 million euros at the Dubai Woodshow, company announced. The 13th edition of the Dubai Woodshow took place at the World Trade Centre in Dubai on the 12th to 14th of March 2018. Biesse participated for the 10th year in a row with a 200 m...

Contracts and Orders

2 hours ago

ÅF received an order from Sappi in South Africa

81  
Sweden's ÅF has been awarded an engineering, procurement and construction management contract by Sappi Limited to improve the environmental footprint of the Saiccor Mill in South Africa and expand its capacity. The project is expected to be completed by 3Q of 2020.The project is an equal effort join...
2 hours ago

Elopak extended its partnership with Rørosmeieriet Dairy in Norway

74  
Elopak has extended its partnership with Rørosmeieriet Dairy, the only organic independent dairy in Norway. The dairy has seen significant growth with a current share of approx. 37% of the Norwegian organic dairy market, and is set to embark on major evelopments at its location in Røros, the mountai...
8 hours ago

Heinola Sawmill Machinery delivered 8 progressive kilns to ULK sawmill in Kostylevo, Russia

82  
Heinola Sawmill Machinery Inc. has delivered 8 high capacity HFB 2-zone progressive kilns, four of them for drying sideboards and four for planks, to ULK sawmill in Kostylevo, Arkhangelsk region, Russia. The total annual capacity is approx. 400,000 cubic metres when drying spruce and pine timber to ...

Credits

April 4, 2018

Antalis signs agreements in principle to complete its refinancing

281  
Antalis signed an agreement in principle with its lenders setting out the terms and conditions for financing its syndicated credit facility for an amount of Euro 285 million and its maturity has been extended through 31 December 2021, as the company said in the press release received by Lesprom Netw...
March 30, 2018

Valmet signs Euro 45 million loan agreement with European Investment Bank

325  
Valmet Oyj of Finland has signed a Euro 45 million loan agreement with the European Investment Bank (EIB) to partially finance its upcoming RDI programme, aimed at developing cost-efficient solutions to improve the productivity and operational performance of industrial processes including energy and...
March 27, 2018

Columbia Pulp I, LLC gets $20 million financing from CEI Capital Management

365  
Columbia Pulp I, LLC has received $20 million in critical New Markets Tax Credit financing from CEI Capital Management LLC to help the start-up build a new processing plant, as the company says in the press release received by Lesprom Network.The new company will build a 290,000 square foot facility...

Duties and Tariffs

yesterday

Solenis to increase prices by 5-30% on all process chemicals globally

131  
Solenis will increase prices by 5-30% on all process chemicals, effective immediately. The price increases are due to increases in key raw material costs, escalating freight costs and decreased market availability of several raw materials, as the company says in the press release received by Lesprom...
April 18, 2018

Nippon Paper Industries announces price increase for kraft paper grades

184  
Nippon Paper Industries has announced price increase for kraft paper grades by a minimum of 15%, effective with shipments as of June 21, 2018.The company has worked on thorough cost reductions and strive to maintain product prices. However, the rise in manufacturing costs, including the increase in ...
April 11, 2018

Sappi Europe announces price increase for its Dye Sublimation and Large Format Inkjet papers

269  
Due to continuing cost increases of pulp and other raw materials, Sappi is forced to increase its Dye Sublimation and Large Format Inkjet paper prices as from 1 May 2018. This measure is necessary to mitigate continuing margin erosion and keeping the business sustainable, as the company says in the ...

Earnings Projections

April 13, 2018

Stora Enso’s 1Q 2018 operational EBIT higher than expected at Euro 369 million

231  
Stora Enso’s operational EBIT for the 1Q 2018 was approximately Euro 369 million. This is well above the earlier guidance for the 1Q 2018 operational EBIT. Sales for the 1Q 2018, amounting to approximately Euro 2 579 million, were similar to the 4Q 2017 sales of Euro 2 511 million, as the company sa...
March 23, 2018

US softwood lumber demand projected to grow 2.3% annually through 2030

3349  
US softwood lumber demand will grow at an annual rate of 2.3% through 2030, higher than the real GDP, a newly released study by ForestEdge and Wood Resources International forecasts. A detailed analysis of the future consumption of softwood lumber in each of the five end- use categories (residential...
March 22, 2018

Biesse reports 2017 revenue up 11.6% to Euro 690.1 million

329  
Biesse S.p.A., Italian producer of machinery and systems for processing of wood, glass/stone, announced its revenue in 2017 increased 11.6% to Euro 690.1 million, EBITDA up 14.3% to Euro 288.6 million. The share of Wood division in the company's revenue was 70.9% (72.9% in 2016). Almost half of comp...

Environmental News

yesterday

Agreement on the establishment of the borders of the Verkhneyulovsky (Dvinsko-Pinezhsky) Natural Reserve was signed

106  
On April 19, 2018, the government of the Arkhangelsk region, Russia, signed the bilateral agreement (a moratorium agreement) on the establishment of the borders of the projected Verkhneyulovsky (Dvinsko- Pinezhsky) State Natural Reserve of regional importance and ensuring the protection of Intact Fo...
March 22, 2018

Roseburg Forest Products composites to comply with EPA formaldehyde standards one month early

332  
Roseburg Forest Products will begin labeling its composite wood products in compliance with new federal formaldehyde emissions standards no later than April 30, well before the currently scheduled effective date of June 1, 2018.Title VI of the Toxic Substances Control Act (TSCA) formaldehyde standar...
March 21, 2018

Charles Ingram Lumber to invest $33 million in sawmill expansion in S.C.

261  
Charles Ingram Lumber Co., a family-owned sawmill located in Effingham, S.C., is expanding its existing operations. With $33 million of capital investment, the company is expected to create 22 new jobs, South Carolina Department of Commerce announced. Serving the southeastern U.S. since 1931, Charle...

Facility and Equipment

2 hours ago

ÅF received an order from Sappi in South Africa

81  
Sweden's ÅF has been awarded an engineering, procurement and construction management contract by Sappi Limited to improve the environmental footprint of the Saiccor Mill in South Africa and expand its capacity. The project is expected to be completed by 3Q of 2020.The project is an equal effort join...
2 hours ago

Elopak extended its partnership with Rørosmeieriet Dairy in Norway

74  
Elopak has extended its partnership with Rørosmeieriet Dairy, the only organic independent dairy in Norway. The dairy has seen significant growth with a current share of approx. 37% of the Norwegian organic dairy market, and is set to embark on major evelopments at its location in Røros, the mountai...
8 hours ago

Heinola Sawmill Machinery delivered 8 progressive kilns to ULK sawmill in Kostylevo, Russia

82  
Heinola Sawmill Machinery Inc. has delivered 8 high capacity HFB 2-zone progressive kilns, four of them for drying sideboards and four for planks, to ULK sawmill in Kostylevo, Arkhangelsk region, Russia. The total annual capacity is approx. 400,000 cubic metres when drying spruce and pine timber to ...

Finance

16 hours ago

Canfor Pulp Products reports operating income of $85.1 million

124  
Canfor Pulp Products Inc. reported operating income of $85.1 million for the first quarter of 2018, an increase of $18.3 million from the $66.8 million reported in the fourth quarter of 2017 as the benefit of near-record high US-dollar pricing for Northern Bleached Softwood Kraft (“NBSK”) pulp and i...
yesterday

Graphic Packaging Holding Company’s 1Q net sales increased by 39%

114  
Graphic Packaging Holding Company reported net income for the 1Q 2018 of $29.9 million, or $0.10 per share, based upon 311.3 million weighted average diluted shares. This compares to the 1Q 2017 net income of $37 million, or $0.12 per share, based on 314.1 million weighted average diluted shares, as...
April 23, 2018

KapStone Paper and Packaging’s 1Q net sales increased by 4% to $799 million

189  
KapStone Paper and Packaging Corporation reported results for the 1Q ended March 31, 2018. Consolidated net sales of $799 million in the 1Q 2018 increased by $33 million, or 4% compared to $766 million for the 1Q 2017. The increase in net sales is primarily due to higher prices, partially offset by ...

Information Technology

April 20, 2018

FRP uses the INFLOR Forest to manage its forest assets

216  
Florestal Rio das Pedras (FRP) has chosen the INFLOR Forest system to improve the management of its forest assets, and is using the tool since January. FRP boasts 22 thousand hectares of plantations distributed in 40 thousand hectares of areas in the municipalities of Santa Cecília, Ponte Alta do No...
April 17, 2018

Uruguay's Agro Empresa Forestal chooses Inflor to manage its forest asset

284  
The possibility of integrating operational and management information from different planting areas was the reason why Agro Empresa Forestal S.A. (AF) has opted for the INFLOR Forest solution. The Uruguayan company operates on more than 100,000 hectares of forest and agricultural plantations in Urug...
April 16, 2018

Komatsu Forest acquires Oryx Simulations

300  
Komatsu Forest acquired Oryx Simulations, based in Umeå, Sweden, as the company said in the press release received by Lesprom Network.Komatsu Forest and Oryx Simulation share a long history. During the 1990s a project was started by Komatsu Forest and Umeå University that was the starting point for ...

International Trade

April 23, 2018

U.S. printing-writing paper shipments decreased by 5% in March

149  
U.S. printing-writing paper shipments decreased 5% in March 2018, compared to March 2017. U.S. purchases of printing-writing papers decreased 7% in March. Total printing-writing paper inventory levels decreased 2Q from February 2018, as the American Forest & Paper Association reportedImports of ...
April 11, 2018

WTO establishes two panels to rule on US lumber duties

291  
At the request of Canada, the WTO’s Dispute Settlement Body (DSB) agreed on 9 April to establish two panels to examine Canada’s complaints regarding anti-dumping and countervailing duties imposed by the United States on imports of Canadian softwood lumber, WTO announced.Canada recalled that on 27 Ma...
April 10, 2018

U.S. wood pellets exports surge to 476.3 thousand tonnes in February

319  
In February, U.S. wood pellets exports have surged 85.0% YoY to 476.3 thousand tonnes, and value has grown by 50.3%, according to the USDA. The exports prices have declined 18.8% to $133 a tonne.The exports to United Kingdom, the main consumer of wood pellets from U.S., increased by 94.9% to 339.7 t...

Investments

yesterday

Greenply starts production at new MDF plant in India

162  
Greenply Industries Ltd. has started production at its new MDF plant in Chittoor District, Andhra Pradesh, India. The new line is the second MDF project that the Indian wood-based panel producer and the Eppingen-based plant manufacturer Dieffenbacher have completed together. The first plant was comm...
April 23, 2018

Ahlstrom-Munksjö to install a new sheeter and folding line at Pont Audemer plant in France

238  
In the Specialties business area, Ahlstrom-Munksjö will invest about Euro 4 million to rebuild a converting line of sterilization wrap being produced at its Pont Audemer plant in France, as the company says in the press release received by Lesprom Network.The material is e.g. used for protecting med...
April 23, 2018

Ahlstrom-Munksjö announces about Euro 5 million investment for decor paper production in Germany

239  
In the Decor business area, Ahlstrom-Munksjö will invest about Euro 5 million to further enhance the quality of pre-impregnated decor papers produced at its Dettingen plant in Germany, as the company says in the press release received by Lesprom Network.Through the investment, which will be complete...

Joint Ventures

April 13, 2018

Rand-Whitney and AGlobal Solutions form global packaging joint venture

475  
Rand-Whitney Packaging LLC, a subsidiary of Rand-Whitney Container and a Kraft Group company, and AGlobal Solutions (AGS), have executed an agreement to form a joint venture operating under the brand, UN1F1ED2 Global Packaging Group (UGPG).The companies said, “As the regional leaders in highly engin...
February 28, 2018

Tolko and Hunt to build US$115 million sawmill in Louisiana

401  
Tolko Industries has partnered with Louisiana-based Hunt Forest Products to build a state-of-the-art sawmill near Urania, La.Construction of the approximately US$115 million project is expected to commence in April and be completed by December 2018. It will employ approximately 110 people and will p...
February 20, 2018

SIG Combibloc and Dai Nippon Printing create joint venture in Japan

2376  
Dai Nippon Printing Co., Ltd. (DNP) and SIG Combibloc have signed a joint venture agreement. The 50-50 joint venture will be established as of April 1, 2018, under the name of DNP - SIG Combibloc Co., Ltd., located in Tokyo, Japan.The main focus of the partnership is to provide greater differentiati...

Legal and Judicial / Legislation

April 11, 2018

WTO establishes two panels to rule on US lumber duties

291  
At the request of Canada, the WTO’s Dispute Settlement Body (DSB) agreed on 9 April to establish two panels to examine Canada’s complaints regarding anti-dumping and countervailing duties imposed by the United States on imports of Canadian softwood lumber, WTO announced.Canada recalled that on 27 Ma...
April 2, 2018

Poitiers Commercial Court enables Rougier to implement its realignment strategy

290  
The Rougier Group announced that Poitiers Commercial Court issued a ruling approving Rougier S.A.’s request to benefit from safeguard proceedings and Rougier Afrique International's request to benefit from court-ordered receivership proceedings. The Court has set a 12-month observation period throug...
March 20, 2018

Canada asks WTO to judge its softwood lumber dispute with United States

471  
Canada has submitted the request to the World Trade Organization (WTO) to set up an adjudication panel to judge its dispute with the United States over Canadian lumber exports, according to an agenda circulated by the WTO. The meeting of the WTO’s dispute settlement body is scheduled on Marc...

Liquidation/Bankruptcy

April 5, 2018

Essity to close tissue production facility in La Riba and tissue machine at Allo mill in Spain

346  
To further increase efficiency, Essity is restructuring its Consumer Tissue production in Spain. The restructuring measures to be implemented in 2018 include the closure of the production facility in La Riba and the closure of one tissue machine at the production facility in Allo, as the company say...
March 15, 2018

Norbord to temporarily suspend production at its 100 Mile House mill in Canada

432  
Norbord Inc. announced that a shortage of wood will cause it to temporarily suspend production at its oriented strand board (OSB) mill in 100 Mile House, British Columbia, Canada. Norbord currently expects the suspension to commence on or about May 14, 2018 and to continue for approximately one mont...
March 5, 2018

Essity to close tissue machine and two converting lines at its mill in Santiago, Chile

362  
Essity is restructuring its production facility in Santiago, Chile, to further improve quality and cost for the Consumer Tissue and Professional Hygiene businesses in the country. The restructuring measures include the closure of one tissue machine and two converting lines, as the company says i...

Management/Corporate changes/Labour

2 hours ago

Ahlstrom-Munksjö announces changes in the executive management team

54  
Pia Aaltonen-Forsell, Executive Vice President and CFO, a member of Ahlstrom-Munksjö Executive Management Team, will assume the responsibility for Communications and Investor Relations in addition to her CFO role as of April 24, 2018.Dan Adrianzon, who is currently leading the integration project fo...
2 hours ago

Case Paper names Teresa McClain names Director of Sales and Operations in Dallas, Texas

61  
Case Paper announced that Teresa McClain recently joined the company's Texas branch as Director of Sales and Operations. For the last decade, McClain has worked as an Account Manager in the commercial printing industry, selling offset, digital, and wide-format printing. Prior to that, she sold sheet...
April 21, 2018

HNI announces retirement of Stan A. Askren and appointment of Jeffrey D. Lorenger

179  
HNI Corporation announced the retirement of Stan A. Askren and the promotion of Jeffrey D. Lorenger as President, HNI Corporation and the election of Mr. Lorenger to the Board of Directors of HNI Corporation. Mr. Askren informed the Board he expects to retire as Chief Executive Officer and Chairman ...

Market share

April 10, 2018

U.S. wood pellets exports surge to 476.3 thousand tonnes in February

319  
In February, U.S. wood pellets exports have surged 85.0% YoY to 476.3 thousand tonnes, and value has grown by 50.3%, according to the USDA. The exports prices have declined 18.8% to $133 a tonne.The exports to United Kingdom, the main consumer of wood pellets from U.S., increased by 94.9% to 339.7 t...
April 7, 2018

Top 20 Canadian and U.S. lumber producers featured mixed production trends despite a runaway lumber market in the U.S.

396  
FEA Canada/Wood Markets’ 2017 annual survey of “Top 20” Canadian and U.S. lumber producers featured mixed production trends despite a runaway lumber market in the U.S. With few mill acquisitions, almost all of the production gains arose from improvements at existing mills. Of the top 40 companies, 8...
March 29, 2018

Lesprom Network: Russia’s import of woodworking machines increased by 60.7% in 2017

245  
In 2017, Russia sharply increased woodworking machine imports (+60.7%) after a decline of 15.6% in 2016. This may indicate that companies of Russian forest-based industries have adapted to the current exchange rate of the national currency, according to the analytical report "Russian forest-based...

Marketing

April 12, 2018

Kronospan opens new Design Center in Warsaw, Poland

208  
Kronospan opens a new showroom in Warsaw, in the new cosmopolitan business area overlooking the famous Grzybowski Square, as the company says in the press release received by Lesprom Network.All architects, designers and carpenters are invited to explore the 300 m2 area that blends together contempo...
March 29, 2018

Biesse opens 1,500 m2 showroom in Istanbul

329  
Biesse Group has opened 1,500 m2 showroom in Istanbul, Turkey, company announced. Company has invested over Euro 500 thousand in the new showroom with totaling up to Euro 5 million of investment for Biesse Turkey. More than 20 state-of-the-art machines will be permanently on display with product dem...
March 28, 2018

Biesse Middle East signes Euro 1.3 million contracts at Dubai Woodshow

264  
Biesse Middle East has signed contracts worth more than Euro 1.3 million euros at the Dubai Woodshow, company announced. The 13th edition of the Dubai Woodshow took place at the World Trade Centre in Dubai on the 12th to 14th of March 2018. Biesse participated for the 10th year in a row with a 200 m...

Monopolies and Competition

April 11, 2018

WTO establishes two panels to rule on US lumber duties

291  
At the request of Canada, the WTO’s Dispute Settlement Body (DSB) agreed on 9 April to establish two panels to examine Canada’s complaints regarding anti-dumping and countervailing duties imposed by the United States on imports of Canadian softwood lumber, WTO announced.Canada recalled that on 27 Ma...
March 20, 2018

Canada asks WTO to judge its softwood lumber dispute with United States

471  
Canada has submitted the request to the World Trade Organization (WTO) to set up an adjudication panel to judge its dispute with the United States over Canadian lumber exports, according to an agenda circulated by the WTO. The meeting of the WTO’s dispute settlement body is scheduled on Marc...
March 14, 2018

U.S. issues affirmative preliminary antidumping duty determination on uncoated groundwood paper from Canada

676  
U.S. Secretary of Commerce Wilbur Ross announced the affirmative preliminary determination in the antidumping duty (AD) investigation of imports of uncoated groundwood paper from Canada. “President Trump made it clear from the beginning that we will vigorously administer our trade laws to provide U....

New Products and Services

April 23, 2018

Voith launches new Infinity FineLine

170  
High dewatering efficiency and long service lives have made press fabrics from the Voith Infinity series bestsellers for packaging papers, board and graphic paper grades. The technology group has now extended its product range. Infinity FineLine offers an ideal solution for sensitive applications li...
April 16, 2018

UPM launches new biocomposite material for 3D Printing

235  
UPM has launched UPM Formi 3D, a new biocomposite material for 3D Printing, company announced. The new material brings together advanced cellulose fibre and biopolymer technologies. With a matte finish and a surface that feels natural to the touch, filaments for 3D printing can be produced in light ...
April 12, 2018

Kronospan opens new Design Center in Warsaw, Poland

208  
Kronospan opens a new showroom in Warsaw, in the new cosmopolitan business area overlooking the famous Grzybowski Square, as the company says in the press release received by Lesprom Network.All architects, designers and carpenters are invited to explore the 300 m2 area that blends together contempo...

Operations

9 hours ago

GreenPly Industries starts production at its new MDF plant from Dieffenbacher

96  
On April 1, Greenply Industries Ltd. produced the first board on its new MDF plant in Chittoor District, Andhra Pradesh, India. The new line is the second MDF project that the Indian wood-based panel producer and the Dieffenbacher have completed together, as the company says in the press release rec...
April 23, 2018

U.S. boxboard production decreased by 1.9% in March

117  
U.S. boxboard production decreased 1.9% in March 2018 when compared to March 2017 but increased 5.2% from last month, as the American Forest & Paper Association reported.Unbleached kraft boxboard production increased over the same month a year ago but decreased compared to last month. Total soli...
April 19, 2018

U.S. containerboard production up 3.5% in March

155  
U.S. containerboard production in March 2018 was up 3.5% compared to March 2017 and up 0.5% year-to-date. The month-over-month average daily production compared to February 2018 was 3.5 percent higher, as the American Forest& Paper Association reported.The containerboard operating rate was 97.4%...

Plans and Strategy

yesterday

Agreement on the establishment of the borders of the Verkhneyulovsky (Dvinsko-Pinezhsky) Natural Reserve was signed

106  
On April 19, 2018, the government of the Arkhangelsk region, Russia, signed the bilateral agreement (a moratorium agreement) on the establishment of the borders of the projected Verkhneyulovsky (Dvinsko- Pinezhsky) State Natural Reserve of regional importance and ensuring the protection of Intact Fo...
April 23, 2018

Sodra reopens its Langasjo sawmill in Sweden

168  
Sodra reopens its Langasjo sawmill in Sweden. In 2017, just over SEK 100 million ($12.5 million) was invested in the facility to increase capacity and achieve more efficient production. The initiative has also created an additional 25 jobs, as the company said in the press release received by Lespro...
April 20, 2018

Smart Planet Technologies launches reCUP Recycling Initiative

191  
Smart Planet Technologies has launched the first reCUP Recycling Initiative with support from Southern California based recycling partners, Allan Company, a materials recovery facility (MRF) and Replenysh, a closed-loop collection platform provider.“Allan Company is pleased to partner with Smart Pla...

Ratings

January 15, 2018

Nippon Paper Industries obtains highest rating in DBJ Environmental Rating from Development Bank of Japan

530  
Nippon Paper Industries Co., Ltd. has obtained the highest rating in the DBJ Environmental Rating from the Development Bank of Japan Inc., and has received a loan based on the relevant program.DBJ Environmentally Rated Loan Program is the world's first loan program in which the conditionality is set...

Sales and Markets

16 hours ago

Canfor Pulp Products reports operating income of $85.1 million

124  
Canfor Pulp Products Inc. reported operating income of $85.1 million for the first quarter of 2018, an increase of $18.3 million from the $66.8 million reported in the fourth quarter of 2017 as the benefit of near-record high US-dollar pricing for Northern Bleached Softwood Kraft (“NBSK”) pulp and i...
April 23, 2018

U.S. printing-writing paper shipments decreased by 5% in March

149  
U.S. printing-writing paper shipments decreased 5% in March 2018, compared to March 2017. U.S. purchases of printing-writing papers decreased 7% in March. Total printing-writing paper inventory levels decreased 2Q from February 2018, as the American Forest & Paper Association reportedImports of ...
April 19, 2018

U.S. packaging papers shipments down 6.6% in March

157  
U.S. total packaging papers shipments in March 2018 were down 6.6% compared to March 2017 and down 6.5% year-to-date, as the American Forest & Paper Association reported.Bag & sack shipments were down 8.3% year-to-date. Multiwall shipments were down 12.6%. Converting shipments were down 2.8%...

Share Capital

April 19, 2018

Interfor consents to a sale of shares by Ilim Timber Continental

189  
Interfor Corporation it has removed the sale restrictions on, and consented to a sale by Geneva-based Ilim Timber Continental S.A. of, 3.68 million Interfor common shares in an ordinary market transaction, as the company said in the press release received by Lesprom Network.Interfor is a growth-orie...
April 16, 2018

Rengo to transfer equity in its subsidiary, Guangdong Rengo Packaging, to Sun Hing Paper Company

165  
Rengo Co., Ltd. will transfer all its equity in its corrugated packaging subsidiary, Guangdong Rengo Packaging Co., Ltd. (Guangdong Rengo), which is located in Foshan City, Guangdong, China, to Sun Hing Paper Company, Limited, a subsidiary of Hung Hing Printing Group Limited.Hung Hing Printing is an...
March 30, 2018

West Fraser Timber enters into automatic share purchase plan

188  
West Fraser Timber announced that in connection with its normal course issuer bid effective September 19, 2017, West Fraser Timber has entered into an automatic share purchase plan pursuant to which the securities dealer acting as the Company’s agent for the normal course issuer bid may acquire, at ...
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