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Proteak Uno secures US$90m loan to fund purchase of MDF line
Mexican tropical wood company Proteak Uno has secured a US$90m loan from Germany’s Commerzbank to fund the purchase of an MDF line for its panel plant due to start up in Mexico in 2015.
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Masisa to acquire biomass cogeneration power plant operated by partner Dalkia-Conade
South American producer Masisa is investing US$16.2m to acquire the 10MW biomass cogeneration power plant operated by its partner Dalkia-Conade at Masisa’s panel complex in Cabrero, Chile.
South American producer Masisa is investing US$16.2m to acquire the 10MW biomass cogeneration power plant operated by its partner Dalkia-Conade at Masisa’s panel complex in Cabrero, Chile.
US duties scrapped on Chinese hardwood plywood
Chinese hardwood plywood has been given a new lease of life in the US after the International Trade Commission (ITC) threw out anti-dumping and countervailing duties on the product. This infers that US plywood manufacturing has suffered no material injury as a result of imports from China.
Chinese hardwood plywood has been given a new lease of life in the US after the International Trade Commission (ITC) threw out anti-dumping and countervailing duties on the product. This infers that US plywood manufacturing has suffered no material injury as a result of imports from China.
Obituary: Dr Harry Earl, former manager of Kronospan, Chirk
Dr Harry Earl, the former technical manager of Kronospan based in Chirk, North Wales, UK passed away at the age of 62, on October 27, 2013.
Dr Harry Earl, the former technical manager of Kronospan based in Chirk, North Wales, UK passed away at the age of 62, on October 27, 2013.
LP posts 10% increase
Louisiana-Pacific Corporation (LP) reports total sales for Q3, 2013 of US$507m were higher by 10% compared to Q3, 2012. Adjusted EBITDA from continuing operations for Q3 was US$65m compared to US$75m in Q3, 2012.
Louisiana-Pacific Corporation (LP) reports total sales for Q3, 2013 of US$507m were higher by 10% compared to Q3, 2012. Adjusted EBITDA from continuing operations for Q3 was US$65m compared to US$75m in Q3, 2012.
The Süddekor Group enters a new home port
The Süddekor Group with its companies Süddekor GmbH in Laichingen, Dakor Melamin Imprägnierungen GmbH in Heroldstatt, Süddekor Art Design + Engraving GmbH in Willich and Süddekor LLC (USA) and Süddekor OOO (Moscow) is to be transferred to Surtteco SE (Buttenwiesen-Pfaffenhofen) subject to the usual formalities.
The Süddekor Group with its companies Süddekor GmbH in Laichingen, Dakor Melamin Imprägnierungen GmbH in Heroldstatt, Süddekor Art Design + Engraving GmbH in Willich and Süddekor LLC (USA) and Süddekor OOO (Moscow) is to be transferred to Surtteco SE (Buttenwiesen-Pfaffenhofen) subject to the usual formalities.
Norbord reports Q3 EBITDA of US$45m
Norbord Inc reports EBITDA of US$45m in Q3, 2013, compared to US$66m in Q3, 2012 and US$102m in Q2, 2013.
Norbord Inc reports EBITDA of US$45m in Q3, 2013, compared to US$66m in Q3, 2012 and US$102m in Q2, 2013.
Wood based panel imports reach US$78m in Peru
In the first eight months of 2013 imports of particleboard to Peru were valued at US$56.2m while imports of MDF totaled US$22.1. The main supplier of panels was Ecuador, with shipments valued at US$24.4m and a market share of 43.5% for imported particleboard, reports the International Tropical Timber Organization (ITTO).
In the first eight months of 2013 imports of particleboard to Peru were valued at US$56.2m while imports of MDF totaled US$22.1. The main supplier of panels was Ecuador, with shipments valued at US$24.4m and a market share of 43.5% for imported particleboard, reports the International Tropical Timber Organization (ITTO).
Kadant to acquire Carmanah Design and Manufacturing
Kadant Inc, a leading supplier to the global pulp and paper industry, has entered into a definitive agreement to acquire Carmanah Design and Manufacturing Inc for C$54m in cash, or approximately US$52m, subject to a post-closing adjustment.
Kadant Inc, a leading supplier to the global pulp and paper industry, has entered into a definitive agreement to acquire Carmanah Design and Manufacturing Inc for C$54m in cash, or approximately US$52m, subject to a post-closing adjustment.
Weyerhaeuser reports improved net earnings
Weyerhaeuser Company has reported net earnings to common shareholders of US$157m for Q3, 2013.
Weyerhaeuser Company has reported net earnings to common shareholders of US$157m for Q3, 2013.
UPM’s timber and plywood business picks up
UPM’s timber and plywood divisions have reported a better trading performance in the company’s latest trading update.
UPM’s timber and plywood divisions have reported a better trading performance in the company’s latest trading update.
