Sonae Arauco is officially inaugurating a state-of-the-art particleboard line at the Beeskow plant in Germany. The investment in the new line amounts to over Euro 50 million.
Investments
Canfor Southern Pine (Canfor) is investing $25 million to modernize its Hampton County facility in South Carolina. Canfor’s investment is modernizing the facility with cutting-edge technology and equipment to position the company to meet growing global demand for its wood products.
In late 2021, Iida acquired a 75% stake in Russian lumber producer RFP Group for $525 million.
Currently, company continue to make only a minimum amount of sales sufficient to generate enough local currency to pay employees in Russia.
Uniboard announces an investment of $250 million in a new state-of-the-art particleboard press line at its Val-d'Or plant in Canada. The new continuous press will feature the latest in particleboard production technologies. Construction will begin in the summer of 2022 and start-up is targeted for 2025.
Kruger Products officially inaugurated its Sherbrooke tissue plant, which was commissioned in 2021, and also broke ground at its expansion project where another tissue plant will be built on a site adjacent to the Sherbrooke Plant by 2024.
To reduce wildfires in higher-risk communities, the British Columbia government is providing $25 million in new funding to the Forest Enhancement Society of BC (FESBC).
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.
Last week, U.S. Department of Agriculture announced the awarding of more than $32 million to fund 2022 wood innovations and community wood grants to expand the use of wood products, strengthen emerging wood markets, and support active management to improve forest health and resilience.
Investment in Canada's building construction increased by 2.7% to $20.9 billion in April 2022. Gains were reported in both the residential (+3.2%) and the non-residential sectors (+1.4%).
Paper Excellence receives $4.5 million in funding from the Investments in Forest Industry Transformation (IFIT) program. The $4.5 million is being invested at Catalyst Port Alberni to expand the mill’s production capacity for food packaging papers.
Smurfit Kappa has invested $23.5 million to upgrade its Nuevo Laredo sheet plant in Mexico to become a fully integrated corrugated plant. The investment includes a state-of-the-art corrugator and extension of the building.
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...
Timber frame manufacturer Cygnum is creating 50 jobs as it aims to increase its overall output by more than 60% over the next two to three years.
BID Group plans for a $5 million strategic capital investment to expand its St.-Ephrem, Quebec facility in Canada. The facility will grow by 18,000 square feet, representing a 35% increase in manufacturing space.
Timberlink unveils a new world-class Green Mill Vision Scanning System at Bell Bay in Tasmania. The new technology will optimise every piece of timber to maximise the production of outdoor treated timber for the construction of decks and pergolas.