The purpose of this project is to provide those working in Alabama’s timber industry a low-cost genomic tool to identify and verify the type of tree planted and growing in stands throughout the state.
The new capacity is planned to be in operation in Q3 2025.
The loan supports investments in the modernisation and upgrade of a bioproduct mill, including the replacement of a recovery boiler.
The mill will have an annual production capacity of about 160,000 cubic metres of Kerto LVL and is expected to start production in the second half of 2026.
Simpson Strong-Tie will create an additional 37 new jobs.
In the new outerwear manufacturing process, petroleum-derived monoethylene glycol is completely replaced by a new biomonoethylene glycol (BioMEG).
DS Smith to replace the use of coal at the site as part of its decarbonization roadmap, reducing sit emissions by 99,000 tonnes of CO2 per year.
New support for manufacturing businesses in the Fraser Valley will create jobs, promote the development of made-in-British Columbia products and strengthen local supply chains and communities.
Economists have cautioned against viewing rising retail sales as a turning point, emphasizing the need for sustained income growth and an improving housing market to boost long-term consumption.
Manulife Investment Management, previously known as Hancock Timber Resource Group, oversees approximately 5.5 million acres of certified timberland across several countries, including the United States, Canada, New Zealand, Australia, Brazil, and Chile.
Boise Cascade has completed the purchase of a 20-acre property in Modesto, California. The current operations in Lathrop, California, will relocate to this new facility, which includes office space and 190,000 sq. ft.
The current demand for utility poles is surpassing capacity.
The mill’s annual production capacity is approximately 160,000 m3 and the production is expected to start in late 2026.
One of Australia’s biggest paper recycling facilities will be built in South East Queensland with plans to turn 220,000 tonnes of waste paper and cardboard from across Queensland and northern New South Wales into pulp annually for export.
The impressive facility will span over 550 acres and will feature a dedicated rail line material reception and shipping of finished goods.
The port improvement projects are expected to strengthen supply chain reliability, create workforce development opportunities, expedite goods movement, and enhance the safety, reliability, and resilience of ports.
Despite near-to-mid-term pressures, the company remains optimistic about the long-term prospects, citing persistent underlying demand for housing in North America.
The new mill will be tooled to cut hardwood lumber, an unusual move in Oregon where the vast majority of mills process softwoods such as Douglas fir and Ponderosa pine, the state’s most common tree species. The mill is expected to be operating at full capacity by June 2025.
Suzano invests R$490 million to expand fluff pulp capacity to 440,000 tons
The day before, Bergs Timber reported that its third-quarter EBITDA fell 37% due to weak construction industry.