Press Releases

Local government representatives joined Western Forest Products employees to celebrate the completion of the first continuous dry kiln on the coast of B.C. at the Company’s Saltair sawmill. The Company also plans to continue accelerating its transition to higher value products with approximately $35 million of investments for two additional continuous dry kilns. First Continuous Dry Kiln on B.C. Coast The newly installed $12 million continuous dry ki

84 Lumber, the nation's largest privately held building materials supplier, celebrated the opening of its new location at 1315 17th Street East, Palmetto, Florida during a circus-themed event at the site on Feb. 21, 2024. Formerly a Ringling Bros. property, the location is comprised of three buildings on 10 acres, with each building at approximately more than 20,000 square feet. The entire location employs over 60 associates. 84 Lumber had been operating in Bradenton, Florida si

Ingka Investments, the investment arm of Ingka Group which represents the largest IKEA retailer, today announced it has acquired 23,883 hectares (19,276 hectares of forestland) in Finland, Estonia and Latvia as part of its long-term commitment to responsible forest management. The properties in Finland comprise a total of about 8,600 hectares (8,000 hectares of forestland), and are located in North Savo and the North Karelia regions. The Estonian (total of 9,500 hectares, out of whi

The Supervisory Board of ANDRITZ AG will propose to the next Annual General Meeting on March 21, 2024 that two new members be elected to the Supervisory Board, maintaining the number of elected members at six. The mandates of Dr. h.c. Monika Kircher and Dr. Alexander Leeb as members of the Supervisory Board of ANDRITZ AG will expire at the close of the forthcoming Annual General Meeting. Monika Kircher has been a member of the Supervisory Board since 2014. Alexander Leeb has been a

Board manufacturer WEIG is relying on Voith's technology expertise to upgrade its BM 6 at the Mayen mill in Germany to stabilize production quality. Voith is not only supplying an intelligent quality control system (QCS) consisting of scanners, actuators and controls but will also ensure seamless integration into a PCS7 environment. The BM 6 is undergoing a decisive modernization by Voith in order to increase production efficiency. The project includes the supply, installation a

Valmet will supply consistency measurements to DS Smith Paper Italia S.r.l’s site in Lucca, Italy to complement the wide automation package to be delivered with the new container board making line (PM3). The order was included in Valmet’s orders received of the fourth quarter 2023. The measurements will be delivered during the fourth quarter 2024. The value of the order will not be disclosed. The customer chose Valmet because of the company’s extended exp

Raute Corporation has signed a contract worth EUR 20 million with AmberBirch, SIA of Latvia for the technology delivery of a birch veneer production plant expansion of 60 000 m3/a capacity. The order for Raute’s technology includes all main production processes of veneer production:  log handling line, veneer peeling line, and veneer drying and grading line, visual- and moisture analyzers with extensive service package and MillSIGHTS MIS-software. The lines are of the lat

Sappi Europe will increase prices for its Packaging & Speciality products by 5-8% effective on deliveries from 1 April 2024. This increase is necessary to maintain the viability of Sappi’s business, the actual amount will depend on the product. Sappi’s European sales team will be in further contact directly with customers to discuss the details of the implementation. About Sappi Sappi is a leading global provider of sust

The "Global Market for Nanocellulose (Cellulose Nanofibers, CelluloseNanocrystals, Bacterial Nanocellulose) 2024-2034" report has been added to ResearchAndMarkets.com's offering. Despite being the most available natural polymer on earth, it is only over the past few years that cellulose has gained prominence as a nanostructured material, chiefly in the form of micro/nanofibrillar cellulose, nanocrystalline cellulose and bacterial nanocellulose. These materials are natu

Valmet’s Board of Directors has appointed Thomas Hinnerskov President and CEO of Valmet and he will start in the position during the second half of the year and at the end of September 2024 at the latest. Thomas Hinnerskov succeeds Pasi Laine, who will continue as the President and CEO of Valmet until his successor starts.   Thomas Hinnerskov is a Danish citizen and was born in 1971. He joins Valmet from Mediq B.V.  where he has been working as the CEO since 2022. Pr