The new Rauma pine sawmill of Metsä Fibre, part of Metsä Group, was inaugurated on Monday, 10 October 2022. The sawmill was inaugurated by Prime Minister Sanna Marin with Ilkka Hämälä, Metsä Group’s President and CEO, and Jussi Linnaranta, Chair of the Board of Directors of Metsäliitto Cooperative. With a value of EUR 260 million, the Rauma pine sawmill[…]
BID Group has announced a new partnership with ArbaBlox Inc. to build its first state-of-the-art turnkey composite pallet block plant in Winona, Mississippi. Through its industry-leading wood processing integrated solutions offering, BID will manage, design, build, install, and provide start-up services for the $53 million project, the largest of its kind in the country. The[…]
Surging interest in sustainable construction has seen one of New Zealand’s oldest mass timber businesses combine with one of the youngest. After 64 years in McIntosh family ownership TimberLab Solutions has joined the Red Stag group following a share sale completed last week. TimberLab has been the company behind many of the iconic large-scale glulam[…]
The 19th FinnMETKO exhibition will be held in Jämsä, Finland on 1–3 September 2022. Finland’s largest professional and sales exhibition area in the heavy-duty machine industry will cover more than 200 hectares, both indoors and outdoors. Ponsse have an impressive presence at FinnMetko with its various new products. Ponsse press release We will demonstrate such[…]
John Deere Forestry Oy has been meeting logging customers’ needs for the past 50 years. The company’s commitment to the development of logging solutions has created many pioneering, productivity-enhancing innovations that make the customers’ work easier. At the exhibition they will showcase the 1010G, 1110G, 1210G and 1510G forwarders, as well as the 1070G harvester[…]
Ponsse Plc has sold all shares in OOO Ponsse, its subsidiary that provided PONSSE services in Russia and Belarus. Ponsse signed the deed of sale, according to which Ponsse’s operations in Russia will transfer to OOO Bison once the conditions of the transaction have been met. Ponsse announced its intention to divest its operations in Russia[…]
Pewag Group, a global leading company in traction chain devices and industrial chain solutions (founded 1479), today announced recently it had completed the acquisition of Wallingford’s Inc. and BABAC Inc, a leading U.S.-based provider of forestry traction devices, forestry supplies and snow chains. Wallingford’s and BABAC have been consolidated as part of pewag’s Traction and[…]
The expansion is expected to lead to the creation of 55 indirect jobs reports North West Democrat Gazette. Many of those indirect jobs will relate to transporting logs to the mill from the company’s timberlands and other timberlands, said Anna Torma, PotlatchDeltic vice president of public affairs. The expansion is expected to help the company[…]
New Forests, a global investment manager of nature-based real assets and natural capital strategies, has announced the purchase on behalf of institutional investors of an approximately 108,000-acre forestry estate in Northern California from The Michigan-California Timber Company (MCTC). The estate consists of productive mixed conifers, including fir and pine, in the Mount Shasta region, and[…]
Astara Capital Partners, LLC (“Astara”) announced May 24, 2022 that it has formed Camden Timbers, LLC (“Camden Timbers” or the “Company”) to acquire and restart the assets of Victory Lumber, LLC (“Victory”), a Southern Yellow Pine sawmill located in Camden, AR. Camden Timbers is Astara’s second sawmill investment in the ACP Lumber Holdings, LLC (“ACP Lumber”) platform following its acquisition[…]