Enviva Holdings, LP announced that its previously disclosed take-or-pay off-take contract to supply Sumitomo Corporation with 250,000 metric tons per year of wood pellets is now firm, as all conditions precedent to the effectiveness of the contract have been satisfied. Deliveries under the contract are scheduled to commence in 2021 and continue through 2036. Enviva[…]
EDITOR’S COMMENT ISSUE 64 AUG/SEPT 2018 Canada big winner in trade war Not so long ago, I used this space to bemoan what I felt was the short-sightedness of US President Donald Trump in starting a trade war in his effort to wrestle back global market share. My view had been that playing what amounts to[…]
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.[…]
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[…]
Conifex Timber Inc. has completed the acquisition of the Suwannee sawmill in Cross City, Florida and the Caddo River sawmill in Glenwood, Arkansas. Ken Shields, Conifex’s President and CEO, stated: “As a result of this acquisition, our total annual lumber production capacity has increased by approximately 50% to 1.1 billion board feet and our total[…]
Kodiak Building Partners has acquired substantially all assets of Forest Tek/Overseas Lumber, reports LBM Journal. Forest Tek/Overseas was founded in 1982 by Allen Wood and Bruce McClenithan of the Florida Keys. Allen and Bruce will continue to run Forest Tek/Overseas, as it joins the LBM division at Kodiak Building Partners under the leadership of Mike[…]
Solar Energy – In keeping with its commitment to the environment and increased energy efficiency, Lecta has announced an innovative renewable energy project to harness solar radiation for thermal power to be used in manufacturing processes at its Condat Le Lardin-Saint-Lazare mill in France. With the help of an expert specialized in the installation[…]
The Internet of the CNC industry – now also for the CNC Woodworking Industry ORDERFOX.com is the world’s largest platform for the CNC Industry, and is now extending into a new industry – CNC Woodworking. Manufacturers and Buyers can take advantage of completely new market opportunities on ORDERFOX.com – and completely for Free! Manufacturers can[…]
Cargotec Corporation, Press Release, 6 June 2018 At 3.45 Pm Est Cargotec appoints Carina Geber-Teir as Senior Vice President, Communications Carina Geber-Teir, M.Sc. (Pol), (b. 1972) has been appointed Senior Vice President, Communications and will join Cargotec latest during September 2018. She will be responsible for leading the communications, investor relations and sustainability function. She[…]