Investments – Wood Markets News

Investments

Currently, company continue to make only a minimum amount of sales sufficient to generate enough local currency to pay employees in Russia.

The USDA Forest Service recently announced in Fiscal Year 2022 it will invest more than $36 million into 49 projects addressing deferred maintenance in the Southern Region. These investments are made from the National Parks and Public Land Legacy Restoration Fund (LRF) established by the Great American Outdoors Act.

The Weinig Group announced the launch of a comprehensive, large-scale investment project of more than Euro 120 million. The Tauberbischofsheim site alone, the headquarters of the company with its 117-year track record, accounts for around Euro 70 million of the total investment.

Huhtamaki plans to expand its molded fiber product manufacturing unit in the city of Hammond, Indiana, as part of its investment in Fiber Solutions. Amounting to a total investment of almost $100 million, the expanded facility covers circa 23,000 square meters and will be built adjacent to Huhtamaki’s existing Hammond ...

U.S. Department of Agriculture is investing more than half a billion dollars through the Great American Outdoors Act to address deferred maintenance, improve infrastructure, increase user access and support rural economies while also meeting conservation goals.

PotlatchDeltic Corporation is investing $131 million to expand and modernize its Waldo sawmill in Columbia County, Arkansas. The project will increase the mill’s annual capacity from 190 million board feet of dimensional lumber to approximately 275 million board feet.

U.S. Secretary of Agriculture Tom Vilsack announced more than $32 million to fund 2022 wood innovations and community wood grants. These grants aim to expand the use of wood products, strengthen emerging wood markets, and support active management to improve forest health and resilience, especially in light of the ongo...