Interfor is expecting production disruptions at its British Columbia Interior, Canada, sawmills during the 3Q 2021 due to the ongoing impacts of wildfires and other factors on log supply.
Culpeper Wood Preservers has acquired Eden Wood Preserving and Coastal Wood Industries in Fruitland, Maryland. The new location will be named Culpeper of Fruitland.
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...
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.
Hunt Forest Products and Tolko Industries Ltd. will build a $240 million, state-of-the-art sawmill in Bienville Parish, in Northwest Louisiana. Construction is expected to start in early 2022, and the new facility will employ approximately 60 people when operations begin in the first half of 2023.
PotlatchDeltic Corporation reported net income of $187.9 million, or $2.77 per diluted share, on revenues of $447.5 million for the quarter ended June 30, 2021.
BID Group has received an order from the Hunt Forest Products and Tolko Joint Venture Partnership, to deliver a greenfield sawmill complex project in Louisiana. Work on site will begin in the 3Q 2022 and commissioning of the sawmill is scheduled for the 2Q 2023.
Segezha Group launches pellet production facility in Sokol, Russia. The new facility will produce 65 thousand tons of pellets annually.
URBAS Energietechnik was commissioned to deliver a 30 MW hot water boiler system securing the heat supply and built a URBAS boiler system of the latest generation with vertical afterburning, as it is successfully used particularly in power plant construction, in cogeneration plants.
Hardwoods Distribution Inc. has received a commitment letter from its existing lender Bank of America, N.A. for a new senior secured credit facility of up to $525 million.
Goodfellow Inc. reported a net income of $14.0 million or $1.63 per share compared to a net income of $3.4 million or $0.40 per share a year ago. Sales for the three months ended May 31, 2021 were $185.5 million compared to $103.8 million last year.
BSW Timber has undertaken a significant investment program in plant and infrastructure across a number of sites. The new investment includes the installation of a new automatic crosscutting line at BSW’s Newbridge-on-Wye site.
UFP Industries' 2Q 2021 net sales of $2.7 billion increased 117% due to a 70% increase in selling prices, a 36% unit increase from acquisitions, and an 11% increase in organic unit sales.
48forty Solutions has acquired Oregon Pallet Repair, Inc, Bailey Pallet, LLC, and Oregon Wood Fibre Recycling, LLC. Headquartered in Salem, Oregon, Oregon Pallet is a provider of recycled wood pallets and pallet services.
Price for a New Zealand unit (NZU, is equivalent to 1 ton of CO2) reached a record $47. But it could soar to $140 within three years. This will inexorably lead to an increase in the price of forestlands.
Canfor Corporation is announcing the curtailment of approximately 115 million board feet of production capacity at its Canadian sawmills during the 3Q 2021.
With US builders grappling with record-high lumber prices and supply shortages over the past year, why are so few willing to switch away from traditional wood framing methods?
Carbotech Group has announced its acquisition of Autolog, a company specializing in wood processing optimization and automation. Thanks to Autolog’s optimization and automation services, the company will now be able to provide an even greater range of solutions.
Setra invests in a new saw line for small diameter logs at the company's facility in Skinnskatteberg, Sweden. The investment provides major efficiency improvements and increased resource utilization.
PotlatchDeltic Corporation appoints Ashlee Cribb as Vice President, Wood Products effective July 28. Ashlee succeeds Tom Temple, who will be retiring later this year.