Kadant Inc. has entered into a definitive agreement to acquire Joh. Clouth GmbH & Co. KG and its affiliates for approximately Euro 78 million in cash, subject to certain customary adjustments. Clouth is a leading manufacturer of doctor blades and related equipment used in the production of paper, packaging, and tissue.

ABB has been contracted by Arctic Paper Grycksbo to install a new drive and automation system for its Winder 10 at its mill in Grycksbo, Sweden. ABB’s Ability 800xA and ACS880 multidrive system will increase winder availability and productivity and ensure compliance with the latest legal requirements for safety.

Stora Enso has completed the co-determination negotiations concerning closing down the pulp and paper production at its Veitsiluoto site in Finland. The closure will take place during the 3Q 2021. As a result of the negotiations, 550 people will be permanently laid off. Some 28% of the redundancies can be managed throu...

Oji Fibre Solutions appointed Mr Azumi Kawabe (Kawabe-san) as new Chairman and Director. Kawabe-san has been involved in the Oji Groups wood and paper business in North America and Japan for many years, and has extensive experience relating to Oji Fibre Solutions.

The coronavirus pandemic caused global disruption to raw material production and also to international shipping. All of these factors are now resulting in cost increases, some of them substantial, including in the paper industry, and Koehler Paper is also being affected by these.

This week the wholesaler price of benchmark construction framing dimension North American softwood lumber item Western Spruce-Pine-Fir KD 2×4 #2&Btr, for the week ending June 11, 2021, dropped dramatically to US$1,275 mfbm (net FOB sawmill), down by -$325, or a full -26%, from last week.

Michelman announces Dr. Richard (Rick) I. Michelman will become the organization’s next President & CEO, effective January 1, 2022. At that time Steven J. Shifman, President & CEO since 2003, will assume the role of Executive Chairman.

Valmet and Stora Enso have signed a three-year service agreement for the company's Beihai mill in China. The service agreement contains the following services: support with service visit, emergency service visit response time, on-site expert and remote support via Valmet Performance Center to improve availability and o...

U.S. lumber prices decline

The historic climb for U.S. lumber prices, combined with delays and higher costs for other building materials, is a significant limiting factor for home building in 2021. Lumber prices are now falling with an expectation that prices will decline below $1000 per thousand board feet in the coming weeks.