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Showing 14 articles from November 8, 2024.

Industry News

Ahlstrom's climate targets validated by the Science Based Targets initiative
Ahlstrom's climate targets validated by the Science Based Targets initiative

Ahlstrom, a global leader in fiber-based specialty materials, is proud to announce that its near and long-term science-based emissions reduction targets have been approved, and net-zero science-based target by 2050 has been verified by the Science Based Targets initiative (SBTi).

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Cascades Reports Results for the Third Quarter of 2024
Cascades Reports Results for the Third Quarter of 2024

Cascades Inc. (TSX: CAS) reports its unaudited financial results for the three-month period ended September 30, 2024.

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Interfor posts $106 million net loss for third quarter 2024 amid weak lumber market
Interfor posts $106 million net loss for third quarter 2024 amid weak lumber market

Interfor Corporation reported a net loss of $106 million in Q3 2024, or $2.05 per share, up from a $76 million net loss in the previous quarter.

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Lecta Continues to Make Progress Towards Decarbonization
Lecta Continues to Make Progress Towards Decarbonization

A range of energy efficiency measures are contributing to progress towards achieving 2030 emission reduction targets.

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Louisiana-Pacific third quarter net sales down 1% from year ago
Louisiana-Pacific third quarter net sales down 1% from year ago

Net sales for the Q3 2024 decreased year-over-year by $6 million (or 1%). Siding revenue increased by $76 million (or 22%), due to 15% higher volumes and 6% higher prices. OSB revenue decreased by $82 million (or 24%), driven by 27% lower prices, partially offset by 2% higher volumes.

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Mativ Holdings Q3 Earnings and Revenues Miss Estimates
Mativ Holdings Q3 Earnings and Revenues Miss Estimates

This quarterly report represents an earnings surprise of -19.23%.

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Rayonier Announces Timberland Dispositions Totaling $495 Million
Rayonier Announces Timberland Dispositions Totaling $495 Million

Four separate transactions comprising ~91,000 acres in Oklahoma and ~109,000 acres in Washington.

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Sappi financial results for fourth quarter and full year exceeds expectations; dividend declared
Sappi financial results for fourth quarter and full year exceeds expectations; dividend declared

Demand for packaging and speciality papers products improved steadily through the year as the destocking cycle of 2023 reversed, leading to an overall 8% increase in sales volumes compared to the prior year.

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Sealed Air Corp. Q3 Profit Increases, Beats Estimates
Sealed Air Corp. Q3 Profit Increases, Beats Estimates

Sealed Air Corp. (SEE) announced a profit for its third quarter that increased from last year and beat the Street estimates.

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Western Forest Products' third quarter revenue increased to $241.7 million
Western Forest Products' third quarter revenue increased to $241.7 million

Western Forest Products Inc. reported a net loss of $19.6 million in the Q3 2024, as compared to a net loss of $17.4 million in the Q3 2023, and a net loss of $5.7 million in the Q2 2024.

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Leading Stories

Kruger invests in demonstration project for carbon capture and reuse at its Wayagamack Mill
Kruger invests in demonstration project for carbon capture and reuse at its Wayagamack Mill

Kruger Inc. announced a $23.75 million investment in an innovative demonstration project for carbon capture and reuse at its Wayagamack Mill in Trois-Rivières, Canada.

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Stora Enso divests Sunila site to AALTO Development
Stora Enso divests Sunila site to AALTO Development

Stora Enso has signed an agreement to divest its real estate of the Sunila site in Kotka, Finland, to AALTO Development Oy. AALTO Development is a Finnish, privately-owned property development company focusing on high-quality architecture and urban planning.

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Worker killed in forklift rollover at Smurfit Westrock site in Yakima, Washington
Worker killed in forklift rollover at Smurfit Westrock site in Yakima, Washington

The man was identified as John Scerbik of Yakima. Yakima County Chief Deputy Coroner Marshall Slight said the forklift went over an embankment and flipped, crushing Scerbik underneath it.

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Supplier News

Valmet's website ranked number one in a survey by Comprend

Valmet's website, valmet.com, has reached the top position in Finland in the Comprend Webranking 2024.

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