Press Releases

The Watermill Group, a strategy-driven private investment firm, is proud to announce it has completed an investment in Musser Lumber and its principal operating subsidiary, Musser Biomass and Wood Products (collectively, "Musser"), the mid-Atlantic region's leading producer of premium dried hardwood fiber and associated converted products. "Musser is thrilled to partner with the Watermill Group on our next chapter of growth," said Ed Musser, President and CEO

Stora Enso estimates that the previous full year 2024 adjusted EBIT guidance will be exceeded, thanks to successful implementation of profit improvement actions and more favourable market conditions. The Company has therefore revised its full year 2024 adjusted EBIT guidance to be significantly higher (+50% and above) than the full year 2023 of EUR 342 million. The previous guidance for the full year 2024 was the adjusted EBIT to be higher (more than +15%, but less than +50%) than full year 2

Turkish cardboard manufacturer KMK Paper successfully resumed production on PM1 following an extensive rebuild supplied by Toscotec at its Kahramanmaraş facility in Turkey. PM1 produces packaging paper grades, including fluting, testliner, kraft paper, and gypsum board. Targets achieved across the full technological upgrade The rebuild has achieved the primary targets of production increase and paper quality improvement. The project involved the modification

International Paper declared a quarterly dividend of $0.4625 per share for the period from April 1, 2024, to June 30, 2024, inclusive, on the common stock, par value $1.00, of the Company, payable on June 14, 2024, to holders of record at the close of business on May 24, 2024. Today, the company also declared a quarterly dividend of $1.00 per share for the period from April 1, 2024, to June 30, 2024, inclusive, on the cumulative $4.00 preferred stock of the Company, payable on June

Weyerhaeuser Company announced the appointment of Brian Chaney as senior vice president of Wood Products, effective June 3, 2024. Chaney currently serves as vice president of Engineered Wood Products and Innovation for the company, and he will take over for Keith O'Rear, who is retiring from his role on June 3 and will serve as a strategic advisor to the company through the end of 2024. "Brian has demonstrated exceptional leadership driving safety, strategy and operational

The Board of Directors of Albany International Corp. declared a quarterly dividend of $0.26 per share on the Company’s Class A Common Stock. The dividend is payable July 8, 2024, to shareholders of record on June 7, 2024. About Albany International Corp. Albany International is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses.

Saudi Arabia’s Middle East Paper Company (MEPCO) has commissioned full-line supplier Voith with the construction of an entire production line for recycled containerboard at its Jeddah mill. The state-of-the-art and highly efficient line will achieve an annual production volume of up to 450,000 tons of high-quality Testliner and Corrugated Medium in the basis weight range of 70 to 140 gsm. The planned design speed is 1,600m/min. The start-up of the complete production line is scheduled f

The Board of Directors of Westlake Corporation declared a regular dividend distribution of 50 cents per share for the first quarter of 2024. This dividend will be payable on June 6, 2024, to stockholders of record on May 21, 2024. This is the 79th successive quarterly dividend that Westlake has declared since completing its initial public offering in August 2004. The statements in this release that are not historical facts, including statements regarding future payment of

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “Within the context of subdued underlying market conditions due to the challenging macroeconomic environment I am pleased that the group delivered EBITDA of US$183 million, which was 10% above the prior year.” The increase was primarily due to an improvement from the pulp segment and significant costs savings, which included a 9% reduction in cash fixed costs following the closure o

New financial support for engineered wood production in Kamloops will protect and create forestry jobs, promote the development of high-quality, made-in-B.C. forest products and strengthen the local economy. “We’re taking action to support innovative manufacturing companies using new technology to diversify their operations and get the most value out of every tree harvested,” said Brenda Bailey, Minister of Jobs, Economic Development and Innovation. “By suppo