Holders of more than 87% of the senior notes and a majority of shareholders back the plan, which cuts about $96 million of annual interest and brings in $400 million of new money. Existing shareholders will keep about 8.5% of the new common stock.
Bois d’œuvre
Price for lumber exported from New Zealand grew only 0.2%.
The ISM Manufacturing PMI rose to 55.5% from 54.5% in September.
Finland's competition authority cleared the deal without conditions. Kuhmo saws about 500,000 m3 of lumber a year and employs 180 people.
The week ended close to where it began, after a swing in both directions.
The largest grant, $7.7 million, will expand pallet production from low-grade wood as the state tries to shore up demand for timber from its private forests.
The mass timber group will move production to three other Austrian sites by year-end, and most of the plant's 40 workers will stay with the company.
Canada remained the largest supplier as its share rose 4.1 pp; Romania's shipments rose 9.7% and Germany's fell 48.6%.
Francisco Ruiz-Tagle, who has led CMPC since 2018, will leave on April 30, 2027, and the board has started searching for a successor.
Price for lumber exported from Norwegian slid 3.8%.
The Chilean wood-based panel maker’s revenue rose 5% to $72.3 million; it also plans to concentrate production in Chile.
The Finnish packaging and wood-products maker expects annual maintenance to raise costs and cut volumes in the fourth quarter.
Price for lumber imported to Japan rose 1.6%.
Pulp and paper producers swung to a loss, and 56.2% of sawmilling companies were loss-making, up from 43.7% a year earlier.
The timber giant's latest land sale, at about $1,800 an acre, comes as third-quarter profit fell 24% and it braces for a softer fourth quarter in wood products.
Former Huber Engineered Woods president brings 30 years of industry experience as board expands to 11 directors.
Investment in wood processing fell 19% and in pulp and paper 31.9%, while manufacturing as a whole was nearly flat.
Sawlog deliveries rose 4% while sawmill margins stayed under pressure; Sveaskog expects lower log prices to gradually improve sawmills’ conditions, with some delay.
Lower housing starts reduced organic sales and gross profit; the company expects $60 million to $70 million in productivity savings in 2026.
The curtailments will cut annual capacity by 500 million square feet of OSB and 225 million board feet of southern yellow pine lumber.