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Companies in the timber industry

Armstrong to sell its Wood Flooring segment for US$ 100 million

Armstrong Flooring, Inc. has entered into a definitive agreement to sell its Wood Flooring segment to an affiliate of American [...]

Canadian lumber companies in trouble: high log prices and low supply cause production curtailments

Hundreds of sawmill workers are being laid off in B.C., some of them permanently, despite recent record profits made [...]

Singapores’s Sudima to build a $200 million wood processing complex in Russia’s Far East

Singapore's KGK Sudima International Pte Ltd plans to open a high-tech wood processing complex in the Russian Far [...]

Resolute cuts production capacity by 10%

Montreal-based Resolute Forest Products Inc. has decided to curtail production at many of its sawmills during the fourth quarter [...]

Merger to create UK’s largest independent timber distribution company

Arnold Laver & Co and The National Timber Group have merged to create a timber distribution business with combined revenue [...]

Canfor comes to Europe; acquires 70% of Swedish sawmill company VIDA

Canfor Corporation announced that it has entered into an agreement to purchase 70% of the VIDA Group of Sweden for [...]

Södra buys 111,100 ha of forest land in Latvia

The Swedish Södra Group has this week acquired forest land from the Swedish Bergvik Skog AB. Bergvik Skog AB [...]

Enviva to expand wood pellet capacity

Enviva Partners LP has released third quarter financial results, reporting increased revenue, net income and gross margin. The company also [...]

Italian woodworking machinery industry’s foreign sales drop sharply in Q3/2018

For the Italian woodworking machinery sector, the July-September period reaffirmed the current industry trend, characterized by consolidation after strong [...]

West Fraser to permanently reduce lumber production at Fraser Lake and Quesnel sawmills

West Fraser announced it will permanently curtail approximately 300 million board feet of combined lumber production at its Fraser Lake [...]