Schweighofer Group focuses on its core business and sells its subsidiary Schweighofer Fiber GmbH to TowerBrook Capital Partners | 20 Oct 2017
READ MORE
Schweighofer Group focuses on its core business and sells its subsidiary Schweighofer Fiber GmbH to TowerBrook Capital Partners | 20 Oct 2017
October 20, 2017

TowerBrook plans future investments to further expand the mill’s capacities Jörg Harbring continues as Managing Director – the ownership change will not affect the employees In 2011 Schweighofer Group acquired unprofitable pulp mill in Hallein – invested more than EUR 60 million, thus securing 250 jobs and creating a profitable company with future growth potential[…]

One million trees to be planted on forest lands with regeneration difficulties | 20 Oct 2017
READ MORE
One million trees to be planted on forest lands with regeneration difficulties | 20 Oct 2017
October 20, 2017

A multiannual project developed by the Association of Forest Administrators (AFA) and the “Ștefan cel Mare” University of Suceava with the support of Holzindustrie Schweighofer: •7 years of planting and aftercare (from 2017 to 2024) •One million trees to be planted •Over one million euros invested •The first planting operation will take place in November[…]

Drones, IT and 3-D images to assist Komatsu | 20 Oct 2017
READ MORE
Drones, IT and 3-D images to assist Komatsu | 20 Oct 2017
October 20, 2017

Building machinery maker Komatsu will bring its “smart” construction know-how into forestry operations, harnessing both drones and information and communication technology-equipped logging machines to improve efficiency by about 10 times. Verification testing on the so-called “smart forestry” concept has recently started in central Japanese prefecture of Ishikawa. Images of a forest taken in 3-D by[…]

Weyerhaeuser redeems ownership interest in Twin Creeks, LLC joint venture & announces sale of 100,000 acres of timberlands | 19 Oct 2017
READ MORE
Weyerhaeuser redeems ownership interest in Twin Creeks, LLC joint venture & announces sale of 100,000 acres of timberlands | 19 Oct 2017
October 19, 2017

Weyerhaeuser Company (NYSE: WY)  announced October 12 the redemption of its 21% ownership interest in the Twin Creeks Timber, LLC joint venture (“Twin Creeks”) for $107.5 million in cash.  The Company also announced an agreement to sell 100,000 acres of Southern Timberlands to Twin Creeks for $202.5 million. The sale includes 80,000 acres of timberlands[…]