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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[…]

In Sweden, notified area of final felling increased by 14% in June and by 4% in July, compared to corresponding months of last year, reports the Swedish Forest Agency. Quarterly statistics during the year shows an increase of 34% in the second quarter of 2018 compared with the first quarter 2018. The second quarter of[…]

For the 2Q 2018, Louisiana-Pacific Corporation (LP) reported net sales of $811 million, up from $694 million in the 2Q 2017. Adjusted EBITDA from continuing operations in the 2Q 2018 was $242 million compared to $167 million in the 2Q 2017. LP reported income from continuing operations of $163 million, or $1.11 per diluted share,[…]

On the 3rd August Ufkes Greentec b.v. delivered to Beers & Beers Boomverzorging their 100th Greentec Cheetah 30. Ufkes Greentec b.v is a young, dynamic company specializing in wood chippers, stump grinders, wood cranes etc. Their machines are designed for professional users and meet the highest standards. After working for several years in the service of[…]

Western Forest Products Inc. reported adjusted EBITDA of $50.2 million in the 2Q 2018, compared to adjusted EBITDA of $47.1 million in the 2Q 2017, and $43 million reported in the 1Q 2018. Operating income prior to restructuring and other income was $39.7 million in the 2Q 2018, compared to $37.7 million in 2Q 2017, and[…]

Rayonier Inc. reported 2Q 2018 net income of $36.3 million, or $0.28 per share, on revenues of $245.9 million. This compares to net income of $26.2 million, or $0.20 per share, on revenues of $201 million in the prior year quarter. 2Q 2018 operating income was $51.6 million versus $46.9 million in the prior year period.[…]

The agreement between the Municipality of Braslovce, Slovenia, and Ministry of Infrastructure of Slovenia was signed. It lays foundations for the direct road connection to the BSW SI Gomilsko production facilities in the Municipality of Braslovce. The agreement regarding the road connection was signed by Ms. Darja Kocbek, Director of the Directorate for the Land[…]