Second quarter earnings rise on 34% increase in net sales, reflecting strong market conditions and broad improvement across divisions and geographies. Equipment-division operating margin of 19.5% demonstrates solid execution, impact of strategy. Full-year earnings forecast raised to range of $5.3 to $5.7 billion. Deere & Company reported net income of $1.790 billion for the second[…]
Wood processing technology supplier USNR has signed a number of major contracts in the last few months. At the end of 2020, USNR signed a €13m contract with Tschopp Holzindustrie AG in Switzerland, for a new sawline. The sawline will be a fully equipped premium production line, custom designed to cut a maximum volume of[…]
Finnish forest machine manufacturer Logset Oy and South African forest machine dealer Green Projects have signed a dealer agreement to market and sell Logset products in Southern Africa. For Logset this means claiming an area on a new continent: Africa. Under the terms of the agreement the new dealer will provide sales, service and parts[…]
Under the terms of the agreement, Thippaporn will sell Nisula Forest products, parts and offer services in Thailand for the products manufactured by Nisula Forest. “We are very happy about this new cooperation. It is a great opportunity for Nisula Forest, we have now a great and experienced team in Thailand offering Nisula forest products[…]
The former Martinsons’ sawmills in Bygdsiljum and Kroksjön, Sweden will take on the Holmen name from June 1. The move is part of the work of merging the companies following Holmen’s SEK1bn acquisition of Martinsons last year. The acquisition almost doubled Holmen’s sales of wood products to over SEK3bn, while also advancing positions in wood[…]
Building with tree and timber is booming in Scandinavia and Europe despite the prevailing pandemic and growth in the timber industry still looks strong. To meet sharply increased demand from the Nordic countries and the European market, Woodsafe has continuously invested in stae-of-the art facilities and is today totally Co2 neutral with solar energy. They are[…]
The drivers of logging trucks have to navigate school zones, tight intersections and small-town traffic because federal law prohibits them from driving on interstate highways. A new bill from a Wisconsin congressman would change that. Research suggests the federal weight limit on interstates makes logging truckers’ routes more dangerous, costs timber companies money and leads[…]
John Deere G-Series Harvesters and Forwarders are now available with durable RENCRAFT® Super Hard Coat polycarbonate windows. Available as a standard offering on new machines, the more durable windows deliver enhanced optic quality, improved scratch resistance and a thicker coating for increased sound insulation. Improving the durability of its machines, John Deere now features RENCRAFT® Super[…]
On June 1, 2021, Scott Dane will officially become the next Executive Director for the American Loggers Council (ALC), replacing the retiring Danny Dructor who has been with the ALC since July of 2001. Mr. Dane brings with him a vast amount of experience working with timber harvesting and timber hauling associations having been the[…]
Unilin had been looking for upstream integration in the value chain of (Engineered) Wood/Parquet flooring and is now successful. The deal includes land, buildings and industrial assets. Over 100 employees will transfer to Unilin. Jens Van Rompaey, General Manager Wood at Unilin Flooring explains: ‘Our direct access to premium logs is now guaranteed. The skills[…]