Kadant Inc. completes acquisition of the forest products business of NII FPG Company, a global leader in the design and manufacture of equipment used by sawmills, veneer mills, and other manufacturers in the forest products industry, for approximately $173 million, net of cash acquired, subject to a post-closing adjustment. The transaction was financed through borrowings[…]
UPM has signed a contract to sell forest estates to Silvestica Green Forest Finland Oy. The contract covers 6,877 hectares of forestry land located in Kajaani, Sonkajärvi and Sotkamo in Finland. In addition, the parties have signed a separate long-term wood purchase and forest management agreement. Silvestica Green Forest Finland Oy is committed to certify[…]
PRT Growing Services Ltd. (PRT) reached an agreement with the ownership group of Skimikin Nursery Ltd to acquire the company, effective July 1, 2017. Following the Skimikin acquisition, PRT will grow over 210 million seedlings annually and operate a network of 15 forest seedling nurseries in the US and Canada, as well as Bionera, its[…]
The new logistics solution designed specifically for Metsä Group’s bioproduct mill at Äänekoski is ready to serve the mill’s wood and pulp transport. Once fully operational, the bioproduct mill – set to start up in mid-August 2017 – will use 6.5 million cubic metres of pulpwood and woodchip. It will produce 1.3 million tonnes of[…]
Valmet will deliver an EVO-56 Defibrator system to Chiping County Senqiang MDF in China. This is a new fiberboard line and the Defibrator system will produce 30 tons per hour bd (bone dry) unresinated fiber. The start-up is scheduled for June 2018. “The EVO-56 system is specially designed for production levels up to 32 tons[…]
Gordon Timber opened its new office facility in Nairn, Scotland. The new office building is situated looking over the log yard, displaying the initial stages of our production process, and positioned centrally on the site, making it an ideal location for all members of staff and visitors. Gordon Timber Joint Managing Director, Scott Gordon said:[…]
Blue Lake Power LLC plans to restart its 12 MW biomass plant located in Blue Lake, CA, in July 2017. The facility is a biomass power-generation unit designed to burn wood, create steam and operate a turbine to generate electrical power. The power will be sold into the power grid in Northern California. Blue Lake[…]
The Alberta Forest Products Association (AFPA) announced that as of July 1, Pinnacle Renewable Energy Inc. has joined the Association. Pinnacle is a manufacturer of wood pellets with seven manufacturing facilities in Alberta and British Columbia and shipping capacity through the Port of Prince Rupert. “We are very excited to join the AFPA,” said Leroy[…]
Valmet will supply a biomass power plant to DONG Energy’s Asnaes Power Station located in Kalundborg, Denmark. By converting its electricity and heat production from coal to sustainable biomass at the Asnaes Power Station, DONG will take an important step in reducing its CO2 emissions. The value of the order is approximately Euro 80 million.[…]
Highlights Argento has acquired 100% of the share capital of WoodBois, a leading global trader and producer of sawn timber, for $14.6m over 3 tranches including c$4m equity Gabon Forestry concession actually 96,851 hectares (vs. 41,278ha initially estimated) Potential annual harvest of over 9 million m³ identified by third party inventory assessor Sawmill capacity of[…]