Billionaire Jim Pattinson makes offer to take over Canfor private for almost US$ 1 billion
Jim Pattison's Great Pacific Capital Corp. has made an offer to buy the rest of Canfor Corp. it does [...]
August 13, 2019
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US antidumping rates to rise significantly for Chinese wood flooring imports
The antidumping rates for Chinese engineered wood flooring imports have increased significantly for nearly all Chinese producers, who were previously [...]
August 7, 2019
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Norbord’s Q2/2019 results negatively impacted by lower OSB prices
Norbord Inc., the world’s largest producer of oriented strand board (OSB), reported Adjusted EBITDA of USD 36 million in [...]
August 7, 2019
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Metsa Group attributes poor Q2 result to low price in Asia
The profit of the major Finnish forest industry company Metsa Group worsened remarkably in April-July, as prices in China [...]
August 2, 2019
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Mexican Proteak reports record MDF production
The MDF producer Pro MDF, which belongs to the Mexican Proteak Uno, produced a total of 57,400 m³ of [...]
August 1, 2019
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New Zealand’s Spectrum Group plans to build sawmill on former Waverley Sawmills site
While Waverley Sawmills is closed for business its new owner has been working towards a modern state-of-the-art [...]
August 1, 2019
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Singapore’s Sudima to split planned US$200M wood processing complex in Russia’s Far East
Singapore's Sudima International, which announced earlier that it would build a wood-processing complex in the Primorye Territory worth [...]
August 1, 2019
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EGGER reports record sales figure for its financial year; outlook positive
The wood-based panels giant recorded sales of EUR 2.84 billion and adjusted EBITDA of EUR 425.0 million [...]
July 29, 2019
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FSC sanctions Korean-Indonesian company for clearing tropical forests
The Forest Stewardship Council (FSC) has sanctioned Korean-Indonesian conglomerate Korindo for clearing tropical forests in Indonesia to produce palm [...]
July 29, 2019
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UPM to invest US$2.7 billion in a new pulp mill in Uruguay; company’s pulp capacity to rise by 50%
UPM has made the investment decision to construct a 2,1 million tonne greenfield eucalyptus pulp mill near Paso de [...]
July 24, 2019
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