Packaging Corporation of America reported 2Q 2021 net income of $207 million, or $2.17 per share, and net income of $207 million, or $2.17 per share, excluding special items. 2Q 2021 net sales were $1.9 billion in 2021 and $1.5 billion in 2020.
Accsys is investing in increasing its Accoya Color production capability by acquiring Euro 1.2 million of assets and equipment from former UK-based modified wood producer Lignia Wood Company Limited and its administrators.
During the 2Q 2021, Acadian Timber Corp. generated sales of $18.4 million, compared to $11.5 million in the prior year period. During the first half of 2021, Acadian sales of $44.3 million increased 3% compared to the prior year period.
Over the next five years, the Swiss Krono Group will invest up to Euro 300 million in plant expansion at its site in Heiligengrabe, Germany. The focus of activities will be on the further automation of production and logistics processes.
Viru Keemia Grupp is initiating a local government special spatial plan intending to explore the possibilities of establishing a modern bioproducts production complex in Ida-Viru County to create added value for pulpwood generated in Estonia and produce bioproducts and renewable energy.
Segezha Group continues the modernization of the Karelian Wood Company, a logging and wood processing company. More than RUB 100 million ($1.3 million) has already been invested in the plant's modernisation. Moving forward, the company plans to expand its production capacity and secure further investments to the tune o...
Sennebogen supplies new timber handlers to Rettenmeier in Wilburgstetten, Germany. Two Sennebogen Pick & Carry machines 735 E are used for unloading the trucks and feeding the new sawing line. With the help of a timber grab with integrated leaf chain, the logs are loaded onto the company's own trailer and then transpor...
Canfor Pulp Products Inc. reported operating income of $51 million for the 2Q 2021, up $46.1 million from the operating income of $4.9 million reported for the 1Q 2021.
Mohawk Industries, Inc. announced 2Q 2021 net sales for the 2Q 2021 were $3 billion, up 44% as reported and 38% on a constant currency and days basis. For the 2021 six-month period, net sales were $5.6 billion, an increase of 30% versus prior year as reported or 23% on a constant currency and days basis.
Pactiv Evergreen will permanently cease production of coated groundwood paper at its Pine Bluff, Arkansas location. The Company expects to complete the closure by October 31, 2021, with shipments continuing until inventory is depleted.
Scm Group and the European Investment Bank (BEI) have signed a new unsecured credit line running for several years of Euro 50 million aimed at funding 50% of the Italian Group's planned Euro 100 million investments in R&D in the coming four-year period 2021-2024.
Andritz has received an order from ST Paper to supply a new tissue machine for its recently acquired site in Duluth, Minnesota, USA. Start-up is planned for the end of 2022.
Resolute Forest Products' 2Q 2021 sales were $1,140 million, an increase of $528 million from the year-ago period. Excluding special items, the company reported net income of $300 million, or $3.74 per diluted share, compared to a net loss of $22 million, or $0.25 per share, in the 2Q 2020.
BillerudKorsnäs is in a process with the aim of divesting the paper mill in Beetham, UK. Beetham produces kraft paper for packaging of medical equipment, food packaging and other types of industrial applications and has a capacity of around 45,000 tonnes per year.
Andritz has launched CircleToZero, a holistic program for the pulp-producing industry with the goal of providing strong support to customers in their efforts to achieve maximum, sustainable production, aiming at zero emissions and zero waste production.
Steico's 1H 2021 revenues were up 29.6% year-on-year at Euro 186.8 million. EBIT improved by 155.1% to Euro 31.1 million and net income for the period in the first six months lifted by 181.5% to Euro 21.1 million.