USNR is expanding its operations once again, this time at our Eugene, Oregon facility. The investment moves our existing operation to a new, expanded facility that will be outfitted to meet the growing needs of our business. The Eugene facility is home to a thriving team that supports and advances our optimization and veneer handling[…]
The forest industry contributed more than AU$7 billion to the Victorian economy last financial year. This includes AU$1.9 billion in direct sales, and a further AU$5.4 billion once flow-on effects in other industries are included, leading to a total contribution to gross regional product (the regional equivalent of GDP) of AU$779 million. These figures are[…]
The NZ Government is doubling to nearly NZ$500 million the funding for forestry tree-planting from its Provincial Growth Fund, meaning one-sixth of the NZ$3 billion, three-year fund will be spent on trees. Regional Development Minister Shane Jones announced the boost this week after the weekly Cabinet meeting. The NZ$240 million commitment to plant some 60[…]
Conifex Timber Inc. reported results for the 2Q ended June 30, 2018. EBITDA in the 2Q 2018, which excludes countervailing and anti-dumping duty deposits of $8.2 million, was a record $20.8 million, compared to $9.3 million in the 1Q 2018 and $10.2 million in the 2Q 2017. Revenues totaled $200.3 million in the 2Q 2018,[…]
Boise Cascade Company reported net income of $41.8 million, or $1.06 per share, on sales of $1.4 billion for the 2Q ended June 30, 2018. 2Q 2018 results include $9.0 million of net after-tax losses, or $0.23 per share, from non-cash pension settlement charges. “Both of our businesses delivered outstanding results in the second quarter.[…]
Metsä Group’s next-generation bioproduct mill in Äänekoski, Finland, reached its nominal capacity in August 2018, according to plan. This makes Metsä Group the world’s largest producer of softwood market pulp. The bioproduct mill produced its millionth tonne of pulp on 8 August 2018. The bioproduct mill was started up on 15 August 2017, on schedule[…]
Western Forest Products Inc. has entered into a new $250 million syndicated credit facility. The credit facility matures on August 1, 2022 and includes an accordion feature of $100 million. The credit facility replaces Western’s existing $125 million revolving credit facility and $110 million revolving term loan facility, which would have matured in December 2018[…]
James Jones & Sons (Pallets & Packaging) Ltd has announced the acquisition of one of the UK’s leading pallet collar manufacturers, Billington International Ltd, for an undisclosed sum. The deal will see James Jones & Sons (Pallet & Packaging) Ltd take immediate control of the Billington Group, with business operations continuing from Billington’s current office[…]
Western U.S. sawmills produced 7.406 billion board ft. (bbf) of softwood lumber in the first half of 2018, a 7.1% increase from 6.915 bbf in the first six months of 2017, the Western Wood Products Assn. (WWPA) of Portland, Oregon, reported. Of the six-month total, Coastal mills accounted for 4.678 bbf, up 8.1% from 4.326[…]
In June 2018, an all-time high volume of 5.1 million m3 of roundwood was harvested for use by the forest industries in Finland. This logging volume was 29% up over the previous year and 52% up over the ten-year June average, reports Natural Resource Institute Finland (Luke). Sawlogs accounted for 2.1 million m3 and pulpwood[…]