Press Releases
3 August 2023
West Coast Lumber the regional lumber and building materials supplier launched by Building Industry Partners in 2022, announces the acquisition of San Diego-based Stone Truss, a 30-year-old designer and manufacturer of roof and floor truss systems. WCL currently serves customers throughout Southern California via four locations in Agoura Hills, Bakersfield, Camarillo and San Diego. The acquisition marks WCL’s entry into the structural component manufacturing category and an ev
Read more...HKB-Hoa Lu Paper Co., Ltd. has successfully started up an OCC (old corrugated containers) line and a reject treatment system delivered by ANDRITZ at its mill in Nho Quan District, Ninh Binh Province, Vietnam. The new line processes OCC with a capacity of 500 t/d to produce high-quality testliner and corrugated medium for the local and Chinese markets. Mr. Ngo Huu Phuong, Vice Chairman, HKB-Hoa Lu Paper, says: “Thanks to the excellent cooperation between our team and
Read more...2 August 2023
Juthor Paper Manufacturing, part of MEPCO Group, has started up a complete tissue line including an AHEAD 2.2L tissue machine and two OPTIMA slitter rewinders supplied by Toscotec on a turnkey basis at its new tissue mill in KAEC, Saudi Arabia. With this start-up, MEPCO, a leading containerboard manufacturer, effectively enters the tissue market. The turnkey supply The scope includes the entire tissue production line from cellulose bale handling to the wra
Read more...WestRock Company today announced it will permanently cease operating its paper mill in Tacoma, Washington, and will conclude production by September 30, 2023. WestRock is committed to improving its return on invested capital as well as maximizing the performance of its assets. The combination of high operating costs and the need for significant capital investment were the determining factors in the decision to cease operations at the mill. “WestRock is working
Read more...2 August 2023
GreenFirst Forest Products Inc. is pleased to announce the reduction in its softwood lumber duty deposit rate from 20.23% to 7.99%, which is expected to take effect on or about August 2, 2023. This official change by the United States Department of Commerce (“US DOC”) results from the Final Determination of the Fourth Administrative Review of softwood lumber imports from Canada to the United States for the year 2021. Since August 28, 2021, upon the acquisition by GreenFi
Read more...International technology group ANDRITZ significantly increased revenue and earnings in the first half of 2023 compared to the first six months of the previous year despite the cooling global economy. With order intake stable, the order backlog at the end of June 2023 was six percent above the level at year-end 2022. ANDRITZ also expects a significant increase in revenue and earnings for the full year 2023 compared to the previous year. Products for sustainable transformati
Read more...27 July 2023
SunGas Renewables Inc., announced the formation of Beaver Lake Renewable Energy, LLC ("BLRE"), which will construct a new green methanol production facility in Central Louisiana. A wholly-owned subsidiary of SunGas Renewables, BLRE is expected to generate from the facility nearly 400,000 metric tons of green methanol per year for marine fuel while creating more than 1,150 jobs during construction and more than 100 local jobs during operation. Green methanol produced by BLR
Read more...Accsys, announced the appointment of Roland Waibel to the Board of Accsys as an Independent Non-Executive Director with effect from 1 August 2023. Roland brings over 30 years of chemicals, pharmaceutical, textile and process industry knowledge and experience to the Board. He most recently held the position of Chief Financial Officer of Archroma Group, a leading chemical supplier to the textile and paper industry, between 2013 and 2022. Prior to Archroma, Roland was the Chief Financi
Read more...Toscotec has successfully integrated its spare and wear parts portfolio into the Voith Paper Webshop. Customers can now order products quickly and easily around the clock using the latest functions. The Voith Paper Webshop has been operating for over six years and is constantly advancing to increase user- friendliness. Since June, Toscotec has onboarded more than 20 projects covering 3 multinational corporations. The Webshop ensures easy consultation: users can acce
Read more...26 July 2023
As informed in the interim report for the second quarter, the Board of Directors of Bergs Timber AB (publ) has decided to close the sawmill in Estonia that is operated in the subsidiary Laesti. The background is weak profitability, high production costs and large future investment needs. A strategic review has been carried out during the spring to clarify the conditions for continued profitable operation where various options for the future of the unit have been evaluated. &n
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