According to Acimall, the Confindustria member association of wood-furniture technology companies, international demand decreased 34.2% and domestic demand collapse 59.2%.
At the end of this year, Arkhbum plans to start commissioning of the corrugator and in the 1Q 2021, two converting lines will be launched, which will produce the so-called American boxes and complex die-cut products – trays.
Gross margins declined in Q1 2020 due to lumber price volatility at the beginning of 2020.
The biggest declines were seen in the US South, Russia, and Latin America, where hardwood pulplog prices were down 5-10% from the 4Q19.
The orders from international customers down by 19.4%, while domestic demand fell 25.3%.
Sales in the domestic market was 13.5% lower, reversing the trend of an index that had been positive for five years. Exports recorded 8% reduction.
According to the standard procedure in a crisis situation, all planning at the Latvijas Finieris Group is currently carried out in the short term, responding to rapidly changing external conditions and making operative decisions for the coming weeks. Mārtiņš Lācis, Head of Marketing, Sales, Purchasing and Logistics inf...
HNI Corporation is providing an update related to the ongoing COVID-19 pandemic crisis. At the end of the 1Q 2020, the Corporation had $233 million in total debt, representing a gross leverage ratio of 1.0x as calculated under the Corporation’s lending agreements, which is well below the 3.5x gross leverage covenant in...
Softwood lumber price in China decreased 13.5% to $161 per cubic meter in January-February 2020.