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...
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.
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.
DS Smith is partnering with One Tree Planted to plant more than 50,000 new trees across Europe and North America over the next five years as part of its commitment to protecting biodiversity and supporting the natural environment.
Timberlink to build Tasmania’s first bio composite plant. Timberlink intends to have the project completed and in production by December 2022.
Stora Enso and Tetra Pak join forces to triple the recycling capacity of beverage cartons in Poland. Stora Enso will invest Euro 17 million into a new repulping line that will recover the carton fibers. Tetra Pak along with Plastigram will invest a total of Euro 12.1 million to build an additional line.
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.
Segezha Group, a leading Russian vertically integrated fiber-based packaging solutions and forest products company, has commenced a major investment project in Romania. The total investment under the project will be approximately Euro 10 million.
Verso Corporation confirmed that it has received an unsolicited proposal from Atlas Holdings LLC regarding a potential transaction to acquire all outstanding shares of Class A common stock of Verso for $20.00 per share in cash.
Domtar Corporation will restart a paper machine at its Ashdown, Arkansas, mill to add the capacity necessary for the company to meet increasing customer demand. The machine is expected to resume full operation in January 2022, allowing Domtar to add 185,000 tons of uncoated freesheet capacity to its manufacturing netwo...
Roseburg Forest Products announces plans to build new high-capacity sawmill in Weldon, North Carolina. Construction on the state-of-the-art sawmill is expected to begin in the 1Q 2022, with startup scheduled for later that year.
Moelven will modernise and develop capacity at Moelven Edanesågen AB and Moelven Valåsen AB in Sweden. Overall, the group will invest more than SEK 600 million ($70 million) in the two sawmills in the years to come.
Junnikkala to launch the construction of a modern sawmill unit in Oulu, Finland. Euro 70 million investment will be the biggest investment in Junnikkalas’ history. This investment will lead to a significant increase in the export of timber products.
Masonite International Corporation plans to invest in a new door manufacturing facility in Fort Mill, South Carolina. The new 370,000 square foot facility is expected to employ more than 220 people beginning in early 2022.
Mondi plans to invest Euro 125 million at its semi-chemical fluting mill in Kuopio, Finland. The project includes an upgrade of the wood yard, fibre line, evaporation plant and paper machine. Start-up is planned for the 4Q 2023.
Based in Portland, Oregon, Campbell Global has $5.3 billion in assets under management and manages over 1.7 million acres of timberlands worldwide with over 150 employees.