Three paper machines and the pulp line damaged in the July earthquake will not restart, and output moves to other mills.
生产能力
The talks will cover about 120 employees, and the possible layoffs could last more than 90 days in several periods next year.
Sylvamo would keep a right to 20% of the business's future distributions, while third-quarter adjusted EBITDA fell 19% to $128 million.
The plant near Alexandria will turn about 100,000 metric tons of Southern Yellow Pine mill residuals a year into biochar and carbon removal credits, with production expected in the second quarter of 2027.
The family-owned group needs several profitable years before it can fund the Kinnared project, its sawmill chief says, and has set no new date.
Production grew 10% from a year earlier and from the second quarter, with 91% of the pellets made from sawmill residues.
Planing, painting and impregnation will continue at the site with lumber from another Holmen mill.
The decking maker expects fourth-quarter net sales of $175 million to $185 million and lower startup costs at its Arkansas plant as output rises.
Adjusted EBITDA fell to $98.1 million on weaker lumber results, and the company expects challenging conditions through the balance of 2026.
The cuts take effect on January 2 at the mill West Fraser said last week it would idle indefinitely because of weak demand for wood products.
The two-year project at the uncoated recycled paperboard mill in Virginia starts in early 2027 and keeps output at about 120,000 tons a year during construction.
The Montreal furniture components producer said it will spend several million dollars on new machinery at the Granite Falls plant.
The largest grant, $7.7 million, will expand pallet production from low-grade wood as the state tries to shore up demand for timber from its private forests.
The mass timber group will move production to three other Austrian sites by year-end, and most of the plant's 40 workers will stay with the company.
Project modernizes Angel Soft bath tissue production with completion expected in Q2 2028.
The Indian plywood and MDF maker’s plants are running at nearly 98% of capacity.
The company expects its annual electricity costs to rise by at least C$10 million after N.B. Power began selling surplus power outside New Brunswick at market prices.
The curtailments will cut annual capacity by 500 million square feet of OSB and 225 million board feet of southern yellow pine lumber.
Most of the funding is a repayable contribution under Canada's Regional Tariff Response Initiative.
The second phase covers the sawmill and log yard and is due in the fourth quarter of 2026; output is set to reach about 220 million board feet a year.