Woodworking News by Topics

Acquisitions, Mergers and Takeovers

14 hours ago

Perlen Packaging to acquireSekoya of Brazil

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Perlen Packaging AG, the packaging division of the CPH Group, is to acquire a 60% majority shareholding in Sekoya Indústria e Comércio Ltda. of Brazil, as the company says in the press release received by Lesprom Network. Sekoya, which was founded by its present owner Wellington Bra...
15 hours ago

Roseburg Resources completes sale of its California timberlands to Shasta Cascade Timberlands

98  
Roseburg Resources Co. has completed the previously announced sale of its California timberlands to Shasta Cascade Timberlands, a new company formed by New Forests. The transaction includes approximately 170,000 acres of investment-grade timberland in northern California, largely in Siskiyo...
17 hours ago

Brambles to sell its recycled whitewood pallets business in North America

113  
Brambles has entered into an agreement to sell the CHEP Recycled, its non-core North American recycled whitewood pallet business, to Grey Mountain Partners for an enterprise value of $115 million. The cash proceeds will be subject to final adjustments on closing for balance sheet items, the ...

Analyst Comment

November 22, 2017

In August pulplog inventories in US Northwest reaching lowest level since 2Q 2014 because of unusually long fire season

403  
Overshadowed by BC’s unprecedented wildfire season, the US states of Washington, Oregon, Idaho, and Montana also experienced a significant and disruptive wildfire year, reports the North American Wood Fiber Review. By early September, almost two million acres of forest and rangeland had burned in th...
November 21, 2017

Russian Sveza Group to acquire Tyumen plywood plant

1677  
Sveza has already signed an agreement to acquire 100% of the business of the Tyumen Plywood Plant with its owner Almira Karimova, Sveza said in a statement. Tyumen plant produces large-format birch plywood, which is used in construction, engineering, aircraft building and shipbuilding. The deal shou...
November 16, 2017

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

324  
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...

Certification and Standardization

January 15, 2018

UPM Biofuels receives Uruguay's first RSB sustainability certification for biofuel feedstock

415  
UPM Biofuels has received a sustainability certificate for the cultivation of the Brassica carinata crop - a new feedstock for biofuel production - in Uruguay, as the company said in the press release received by Lesprom Network.The RSB (The Roundtable on Sustainable Biomaterials) certification in b...
January 10, 2018

Tolko Woodlands received SFI Sustainable Forest Management and Fibre Sourcing certifications

163  
Tolko Woodlands has officially received SFI Sustainable Forest Management and Fibre Sourcing certifications, as the company said in the press release received by Lesprom Network.Over the past several months the Woodlands team has put in a large amount of effort through changes in processes, document...
January 4, 2018

Czech Forest Certification System achieved PEFC re-endorsement

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The Czech Forest Certification System has successfully achieved PEFC re-endorsement.The Czech Republic, one of the 11 original national members of PEFC, first achieved PEFC endorsement of their forest certification system back in 2002. This was followed by three more successful endorsements in 2006,...

Conferences and Exhibitions

December 8, 2017

UPM Raflatac’s RafCycle® recycling solution expanding to China

314  
UPM Raflatac is expanding its RafCycle® recycling solution to China. RafCycle services were launched in Changshu on December 6, 2017 during a customer event. RafCycle is also being promoted at Labelexpo Asia in Shanghai on December 5-8.Hangzhou Changli is also the 100th RafCycle partner globally. Th...
November 24, 2017

Russia's Modern Lumber Technologies to supply LVL to customers in France, Romania, and Denmark in 2018

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Russian wooden construction materials producer Modern Lumber Technologies Ltd (MLT Ltd.) has agreed to supply LVL beam to France, Romania, and Denmark in 2018, as the company said in the press release received by Lesprom Network.MLT Ltd. contracted with the following companies: ISB France (France, 4...
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 ...

Contracts and Orders

19 hours ago

Siempelkamp to supply short-cycle press to Egger's mill in St. Johann, Austria

124  
Siempelkamp to supply short-cycle press for Egger in St. Johann, Austria, the company says in the press release received by Lesprom Network. With the new short-cycle press Egger will expand its production capacities for special products, for example, the benchmark synchronized pore products and will...
yesterday

Andritz to upgrade evaporation plant at Stora Enso’s Enocell mill in Finland

232  
International technology Group Andritz has received an order from Stora Enso to increase the capacity of the evaporation plant of their Enocell mill in Finland. Start-up of the upgraded evaporation plant, which was originally delivered by Andritz in 1992, is planned for the 3Q 2019.The upgrade to th...
January 20, 2018

Andritz to supply kraft paper machine to Zellstoff Pöls in Austria

204  
International technology Group Andritz has received an order from Zellstoff Pöls AG, Austria, to supply a large paper machine for the production of bleached kraft paper grades, as the company said in the press release received by Lesprom Network.At the Pöls location, the Andritz PrimeLine MG plant w...

Credits

January 19, 2018

Conner Industries closes $21 million senior credit facility

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Conner Industries, Inc. has closed a $21 million senior secured credit facility with Ares Commercial Finance. The credit facility includes an $18 million revolving line of credit and a $3 million real estate term loan, as the company says in the press release received by Lesprom Network.Proceeds of ...
January 15, 2018

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

242  
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...
January 4, 2018

Fortress Specialty Cellulose enters into $5 million credit agreement

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Fortress Paper Ltd. reports that its wholly-owned subsidiary, Fortress Specialty Cellulose Inc. ("FSC"), has entered into a credit agreement with a private arm's length lender, who will provide a secured revolving credit facility in the principal amount of up to $5 million to FSC, subject to certain...

Duties and Tariffs

15 hours ago

Caraustar Industries announces price increase on all uncoated recycled paperboard grades

96  
Caraustar Industries, Inc. announced a price increase of $50 per ton on all uncoated recycled paperboard grades. The increase on the uncoated recycle board grades will be effective starting with shipments on February 26, 2018. The increase is in response to strong market dynamics and inf...
yesterday

The Navigator Company to increase prices in North America

105  
The Navigator Company will be increasing prices by $2.00 / cwt ($44/metric ton) of all Navigator North America Soporset Premium Opaque Offset Printing Papers (Text & Cover & Digital), both sheets and rolls, and all Cut Size papers including Navigator, Pioneer and Discovery. This measure will...
January 17, 2018

Sonoco implementing price increase for all uncoated recycled paperboard products

100  
Sonoco announced it is implementing a$50per ton price increase for all grades of uncoated recycled paperboard (URB) inthe United StatesandCanada, effective with shipments beginningFebruary 19, 2018.“A positive of the robust economy is solid backlogs at our mills. A challenge that the growing economy...

Earnings Projections

January 12, 2018

VPK Packaging Group to invest in a new paper machine

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VPK Packaging Group plans to invest in a new paper machine for light weight recycled containerboard to strengthen its sustainable resource management, as the company says in the press release received by Lesprom Network.Following acquisitions and organic growth, VPK’s packaging division has experien...
January 11, 2018

Metsä Board’s 4Q sales accounted for around Euro 451 million

172  
Due to suspected information security breach Metsä Board Corporation announces preliminary information on sales and profitability in the 4Q 2017.In the 4Q 2017, sales were approximately Euro 451 million, comparable operating result was approximately Euro 54 million and earnings per share were approx...
January 8, 2018

BillerudKorsnäs is impacted by shortage of pulpwood due to wet and mild winter

215  
BillerudKorsnäs is impacted by shortage of pulpwood due to wet and mild winter. Normal winters the ground freezes which allows for efficient forestry. At present, forestry machines cannot be used in the forests in certain areas. In addition, the possibility of driving on the forest road network is l...

Environmental News

17 hours ago

Stora Enso sets new targets to further reduce its GHG emissions

143  
Stora Enso has become the first forest products company to set ambitious science-based greenhouse gas (GHG) emission reduction targets to address significant emissions along the company’s value chain. The targets have been approved by the Science Based Targets initiative, as the company said in the ...
yesterday

LUKE and SYKE’s joint research offers additional information on improving forest biodiversity

194  
The Natural Resources Institute Finland (LUKE) and the Finnish Environment Institute (SYKE) are taking part in joint research into the impact of forestry practices on forest biodiversity. The research, on which a report will be issued at the end of 2018, will shed new light on how the nature managem...
December 21, 2017

EDF Renewable Energy and Kimberly-Clark announce commercial operation at Rock Falls Wind Project

749  
EDF Renewable Energy (EDF RE) announced that the 154 megawatt (MW) Rock Falls Wind Project has begun commercial operation. Kimberly-Clark Corporation signed an agreement earlier this year with EDF RE for 120 MW of generation which marks Kimberly-Clark’s first utility scale use of renewable energy.Ro...

Facility and Equipment

19 hours ago

Siempelkamp to supply short-cycle press to Egger's mill in St. Johann, Austria

124  
Siempelkamp to supply short-cycle press for Egger in St. Johann, Austria, the company says in the press release received by Lesprom Network. With the new short-cycle press Egger will expand its production capacities for special products, for example, the benchmark synchronized pore products and will...
yesterday

Sappi to invest Euro 30 million to upgrade PM 9 at its in Gratkorn mill n Austria

160  
Sappi to invest in its mill in Gratkorn, Austria. After finishing the upgrade of paper machine 11 in November 2014, PM 9 will be upgraded in 2019 to the current state of the art, as the company says in the press release received by Lesprom Network. The aim of the project is, in addition t...
yesterday

Andritz to upgrade evaporation plant at Stora Enso’s Enocell mill in Finland

232  
International technology Group Andritz has received an order from Stora Enso to increase the capacity of the evaporation plant of their Enocell mill in Finland. Start-up of the upgraded evaporation plant, which was originally delivered by Andritz in 1992, is planned for the 3Q 2019.The upgrade to th...

Finance

16 hours ago

Kimberly-Clark's 4Q sales up 1% to $4.6 billion

116  
Kimberly-Clark Corporation's sales of $4.6 billion in the 4Q 2017 were up 1%, compared to the year-ago period, as the company said in the press release received by Lesprom Network. 4Q operating profit was $812 million in 2017 and $839million in 2016. 4Q adjusted operating profit was $836...
January 4, 2018

Ence reaches sales agreements for 2018 for 100% of its pulp production

190  
Ence - Energía y Celulosa has closed cellulose sales agreements for 2018 for 100% of its production target. The agreements reached represent an increase in the company's pasta sales over those reached in 2017 and assure Ence lower discounts than in 2017 on reference prices.It should be noted that En...
December 1, 2017

Two Sides and National Association of Printing Ink Manufacturers announce strategic partnership

337  
The National Association of Printing Ink Manufacturers (NAPIM) Board of Directors has announced its increased support of Two Sides North America, the non-profit organization that promotes and encourages the responsible production, use and sustainability of print and paper.NAPIM Executive Director, J...

Information Technology

January 18, 2018

A.Celli presents its new business unit

113  
Italy's A.Celli announces new Extreme Automation business unit. The A.Celli Group firmly believes in a production process that uses the new technologies dictated by the Industry 4.0 revolution and that can yield a more immediate and concrete production optimization during the individual process phas...
December 1, 2017

Kährs launches B2B e-commerce service

476  
Kährs Group continues its e-commerce initiative through a broad launch of the Kährs Direct service for the B2B segment in wood flooring. A pilot project has been successfully implemented with selected customers in Sweden since 1 June, and the service will now be rolled out for additional B2B floorin...
November 23, 2017

Tieto to modernize Lecta Group's IT systems

356  
Lecta Group, one of the leading paper manufacturers and distributors in Europe, has chosen Tieto to modernize its IT systems and enable the transformation and digitalization journey in the company. The renewal is based on Tieto Paper Solution on SAP and Tieto Integrated Paper Solution (TIPS) for the...

International Trade

January 16, 2018

China: Log imports through Xiamen Port up 11% in 2017

241  
Log imports through Xiamen Port, China, totaled 1.905 million cubic metres valued at $46 million in 2017, up 10% in volume and 11% in value compared to 2016, as ITTO reported. The imported logs were from 37 countries with New Zealand, Australia, the USA and Estonia topping the li...
January 16, 2018

Japan’s imports of wooden office furniture up 6% in October

227  
Japan’s imports of wooden office furniture are small compared to the value of wooden bedroom and kitchen furniture imports, as ITTO reported. Year-on-year, the value of October imports of wooden office furniture was up 10% and compared to a month earlier imports in October rose 6%. F...
January 9, 2018

Japan’s October plywood imports were flat year-on-year

162  
Japan’s October 2017 imports of plywood were flat year-on-year but compared to a month earlier October import volumes were up slightly, as ITTO reported.Since June this year Japan’s plywood imports have remained at around 170,000 cubic metres per month and shipments from the main suppliers, Malaysia...

Investments

yesterday

Sappi to invest Euro 30 million to upgrade PM 9 at its in Gratkorn mill n Austria

160  
Sappi to invest in its mill in Gratkorn, Austria. After finishing the upgrade of paper machine 11 in November 2014, PM 9 will be upgraded in 2019 to the current state of the art, as the company says in the press release received by Lesprom Network. The aim of the project is, in addition t...
January 18, 2018

Hamburger Containerboard purchases paper machine for new paper mill in Turkey

161  
Hamburger Turkey Ltd., part of Hamburger Containerboard, has purchased a new paper machine from Valmet for its paper mill project in Kütahya, Turkey. The Valmet machine will have a width of 7,80m and an annual production capacity of 480,000 tonnes containerboard. It will produce mainly light-weight ...
January 15, 2018

Crown Van Gelder invests in a soft calender for PM 1

318  
Crown Van Gelder invests in a soft calender for paper machine 1 which is part of an investment program totalling Euro 20 million in the past 2 years. This Soft Calender is supplied by Andritz Küsters GmbH from Germany and is being installed during January, as the company says in the press release re...

Joint Ventures

January 5, 2018

Pro-Gest Group and Lamacart SpA form a waste paper recycling joint venture

436  
Pro-Gest S.p.A. has entered a cooperation with Lamacart S.p.A. – a Verona based company leader in the recovery of waste paper – through the establishment of United Recycling S.r.l., a partnership between Cartiera di Carbonera S.p.A. and Lamacart S.p.A.The two partners of United Recycling are both we...
October 16, 2017

Arauco signs joint venture agreement with ETEX Group

729  
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

415  
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...

Legal and Judicial / Legislation

November 21, 2017

Russian Sveza Group to acquire Tyumen plywood plant

1677  
Sveza has already signed an agreement to acquire 100% of the business of the Tyumen Plywood Plant with its owner Almira Karimova, Sveza said in a statement. Tyumen plant produces large-format birch plywood, which is used in construction, engineering, aircraft building and shipbuilding. The deal shou...
November 2, 2017

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

554  
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

398  
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...

Liquidation/Bankruptcy

January 16, 2018

Kitakami Paper withdraw from all of its businesses in Japan

175  
[if gte mso 9]> Normal 0 false false false MicrosoftInternetExplorer4 Nippon Paper Industries announces that its consolidated subsidiary, Kitakami Paper, has decided at the meeting of the Board of Directors held that it will ...
January 8, 2018

Flambeau River Papers announces reduction in commodity paper capacity

289  
William (Butch) Johnson, CEO of Flambeau River Papers (FRP) affirmed that the key to FRP’s long term viability is the enhanced dedication and focus of all at FRP on increasing technical paper-making capabilities and continued growth of sales of FRP “value added” and “specialty” papers.FRP expanded e...
December 21, 2017

Norske Skog names Oslo Byfogdembete as bankruptcy trustee

403  
Oslo Byfogdembete (Oslo Bankruptcy Court) has appointed lawyer Tom Hugo Ottesen as bankruptcy trustee for the following companies: Norske Skogindustrier ASA Norske Treindustrier AS Norske Skog Holding AS Lysaker Invest AS Norske Skog Eiendom AS.In addition to the bankruptcy filing of Norske Skogindu...

Management/Corporate changes/Labour

17 hours ago

Martti Asunta continues as Chairman of Metsäliitto Cooperative Board of Directors

86  
The Board of Directors of Metsä Group’s parent company Metsäliitto Cooperative elected Martti Asunta to continue as the Chairman of the Board of Directors. He has been a member of the Board of Directors since 2005 and Chairman since 2008, as the company said in the press release received by ...
yesterday

Metso appoints Eeva Sipilä as interim President and CEO

124  
Metso's Board of Directors has appointed CFO Eeva Sipilä as Metso's interim President and CEO as of February 3, 2018. The current President and CEO Nico Delvaux will leave his duties on February 2. The search for a new President and CEO is under way, as the company says in the press release rece...
January 19, 2018

Stora Enso signs global framework agreement with three labor unions

428  
Stora Enso signs a global framework agreement with IndustriALL Global Union, UNI Global Union and the Building and Wood Workers’ International at the International Labour Organization (ILO) in Geneva, as the company said in the press release received by Lesprom Network.Observer signatures were made ...

Market share

November 21, 2017

Russian Sveza Group to acquire Tyumen plywood plant

1677  
Sveza has already signed an agreement to acquire 100% of the business of the Tyumen Plywood Plant with its owner Almira Karimova, Sveza said in a statement. Tyumen plant produces large-format birch plywood, which is used in construction, engineering, aircraft building and shipbuilding. The deal shou...
November 2, 2017

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

554  
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

December 1, 2017

Kährs launches B2B e-commerce service

476  
Kährs Group continues its e-commerce initiative through a broad launch of the Kährs Direct service for the B2B segment in wood flooring. A pilot project has been successfully implemented with selected customers in Sweden since 1 June, and the service will now be rolled out for additional B2B floorin...
September 12, 2017

Michelman invests in a cutting edge Flexible Packaging Incubator

729  
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...

Monopolies and Competition

November 21, 2017

Russian Sveza Group to acquire Tyumen plywood plant

1677  
Sveza has already signed an agreement to acquire 100% of the business of the Tyumen Plywood Plant with its owner Almira Karimova, Sveza said in a statement. Tyumen plant produces large-format birch plywood, which is used in construction, engineering, aircraft building and shipbuilding. The deal shou...
November 2, 2017

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

554  
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

January 12, 2018

Expera introduces Resin-Gard advanced line of saturating papers

234  
Expera Specialty Solutions product brand, Resin-Gard™, represents its advanced line of saturating papers engineered to achieve uniform saturant (resin or latex) pickup required by manufacturers to meet finished product performance requirements. Resin-Gard™ offers dimensional stability, engineered st...
January 11, 2018

Sun Chemical introduces new SunCure Aspire UV offset ink for luxury folding carton applications

225  
Sun Chemical has launched a new UV offset ink that was developed to make sophisticated graphics look stunning and vibrant on high-end luxury folding cartons while at the same time providing the longer-term shelf appeal brand owners require.The new ink system, SunCure® Aspire UV, has been formulated ...
January 11, 2018

American Eagle Paper Mills introduces Eagle Inkjet 100 high-speed recycled inkjet paper

150  
American Eagle Paper Mills introduces Eagle Inkjet 100 high-speed recycled inkjet, as the company says in the press release received by Lesprom Network.Eagle Inkjet 100 is engineered to deliver exceptional print performance across multiple high speed inkjet platforms. Produced from 100% post-consume...

Operations

January 18, 2018

Canadian lumber production up 1.2% in October

113  
Canada's lumber production rose 6.3% from September to 5 991.0 thousand cubic metres of lumber in October. Production was 1.2% higher than in October 2016, as Statistics Canada said in the press release received by Lesprom Network.Sawmills shipped 5 884.0 thousand cubic metres of lumber in October, ...
January 17, 2018

U.S. сontainerboard production increased by 3.6% in December

163  
In December 2017, U.S. сontainerboard production was up 3.6%, compared to December 2016 and up 3.1% year-to-date. The month-over-month average daily production was 1.8% higher compared to November 2017, as the American Forest & Paper Association reported. The containerboard operating rate for De...
January 16, 2018

Hengan International started up a new Toscotec-supplied tissue machine at its Changji mill in China

176  
Hengan International has successfully started up the second of two Toscotec-supplied tissue machines installed at its Changji mill in China, as the company said in the press release received by Lesprom Network. Hengan and Toscotec sealed their partnership at the end of a project that started one yea...

Plans and Strategy

17 hours ago

Stora Enso sets new targets to further reduce its GHG emissions

143  
Stora Enso has become the first forest products company to set ambitious science-based greenhouse gas (GHG) emission reduction targets to address significant emissions along the company’s value chain. The targets have been approved by the Science Based Targets initiative, as the company said in the ...
yesterday

Verso Corporation expands Strategic Alternatives considerations

129  
Verso Corporation announced that the Strategic Alternatives Committee formed by its Board of Directors in September 2017, has, at the direction of the Board, expanded its evaluation of potential transaction alternatives to include other alternatives, including but not limited to, a potential s...
January 18, 2018

Smurfit Kappa opens a new recycling plant in Malaga, Spain

190  
Smurfit Kappa has opened a new recycling plant in Malaga, Spain, which will strengthen its recovered paper service in the region. The plant is expected to process over 30,000 tonnes of recovered paper annually, as the company says in the press release received by Lesprom Network.A fleet of eco-frien...

Ratings

January 15, 2018

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

242  
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

yesterday

Graanul Invest's subsidiary bought its first bulk carrier

137  
Graanul Invest's subsidiary bought its first bulk carrier. The vessel, which got its name MV Imavere derived from the name of the location of its first pellet factory, has been entered into the Cyprus Registry of Ships. It is capable of transporting approximately 30,000 tons of pellets at a time. MV...
January 17, 2018

U.S. packaging papers shipments up 2.5% in December

100  
Total Packaging Papers shipments were 240,000 tons, 2.5 percent higher than December 2016. Bag & Sack shipments were up 1.3 percent year-to-date, while Food Wrapping shipments were down 6.0 percent over the same period. The operating rate for December 2017 was the second highest of the year at 9...
January 16, 2018

Sabah timber product exports down 6% in January - October 2017

207  
Sabah's, Malaysia, timber product exports for the first ten months of 2017 amounted to 674,129 cubic metres, down around 6%, compared to the same period in 2016, as ITTO reported.

Share Capital

December 5, 2017

Cascades acquires containerboard packaging plants in Ontario

390  
Cascades Inc acquires four plants in Ontario, Canada, to strengthen its position in the containerboard packaging sector, and the purchase of an ownership position in Tencorr Holdings Corporation. The company also announces an increase in its equity holding of the Greenpac Mill LLC. This transaction ...
November 22, 2017

Reno De Medici acquires remaining 66.67% of the share capital of Pac Service S.p.A.

353  
The Board of Directors of Reno De Medici S.p.A. (RDM) approve the right of first refusal, as provided for in the by-law, aimed at acquiring 66.67% of the share capital of Pac Service S.p.A, a company operating in the field of cutting and processing cardboard, from Bellon’s family, currently majority...
November 21, 2017

Artemis Investment Management no longer has an interest in Cambium Global Timberland’s shares

291  
Cambium Global Timberland Limited announced that Artemis Investment Management no longer has an interest in the Company’s shares.Cambium Global Timberland Limited through its subsidiaries owns a portfolio of forestry-based properties. The Company manages its assets for the production of timber, with...
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