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Canfor Corporation is pleased to announce the completion of the acquisition from Arkansas Resolute El Dorado Inc., of its lumber manufacturing facility in Union County, Arkansas. The transaction, previously announced on May 1, 2024, is a strategic complement to the Company's existing regional operations, including its adjacent El Dorado Laminating Plant and its nearby Urbana sawmill.
Sonoco Products Company reported financial results for its Q2 ended June 30, 2024. Net sales decreased 5% to $1.6 billion primarily driven by the Protective Solutions ("Protexic") divestiture, the closure of a thermoformed food packaging plant, the treatment of recycling operations as a procurement function beginning January 1, 2024 and lower selling prices; overall volumes were positive and up low single digits including the impact of acquisitions.
Western Forest Products Inc. announced that Glen Nontell has been appointed Chief Financial Officer effective August 1, 2024.
One of the largest timberland transactions to date in Brazil, and the largest ever in the state of Mato Grosso do Sul.
Canfor Corporation reported an operating loss of $250.8 million for the Q2 2024, compared to an operating loss of $85.8 million in the Q1 2024.
APRIL, one of the most technologically advanced pulp and paper producers in the world, has recently completed the latest round of recruitment for its "APRIL Sustainability Professional Readiness Programme" (ASPiRE), an accelerated on-the-job training initiative that empowers post-graduates to be future leaders in ESG and sustainability.
Ahlstrom will proceed with the closure of the Bousbecque plant in France. The plant has an annual capacity of approximately 12,000 tons and employs 117 people. Ahlstrom continues to explore options to divest the property.
West Fraser Timber's Q2 2024 sales were $1.705 billion, compared to $1.627 billion in the Q1 2024. Q2 2024 earnings were $105 million, or $1.20 per diluted share, compared to $35 million, or $0.42 per diluted share in the Q1 2024. Q2 2024 Adjusted EBITDA was $272 million compared to $200 million in the Q1 2024.
The transaction includes an annual production capacity of 340,000 metric tons distributed across four production sites in Shelby, North Carolina, Lewiston, Idaho, Las Vegas, Nevada, and Elwood, Illinois. The completion of the acquisition is expected within 2024, subject to receipt of customary regulatory approvals and satisfaction of other customary closing conditions.
International Paper reported Q2 2024 financial results. Net sales for the Q2 increased to $4.73 billion, compared to $4.68 billion in the Q2 2023.
With a capacity production of 440.000 tonnes of paper and 535 million square meters of corrugated board packaging, Schumacher Packaging employs 1,540 people in Poland. The turnover of the Polish sites was 327 million euros in 2023 (aggregated sales).
Bolt-on additions will further enhance Southern Timberlands portfolio and expand footprint in attractive markets.
With reference to the fire and subsequent explosion which occurred on a supplier truck delivering liquid oxygen to the Sappi Saiccor Mill in Umkomaas, KwaZulu-Natal, the following update can be provided.
Kimberly-Clark says supplies are constrained and private-label brands are offering more promotions.
Stora Enso invests EUR 3O million to upgrade and grow its corrugated packaging production in Ostrołęka, Poland, where the company already has a solid foothold. Stora Enso's corrugated products are currently being used in many industry segments, such as food and beverage, electronics, furniture and e-commerce.
John Baird, Chairman of the Canfor Corporation Board of Directors, announced that Don Kayne, President and Chief Executive Officer, plans to retire at the end of the year.
Brazil's Suzano, the world's largest pulpmaker, is looking to expand its paper footprint internationally while continuing to increase production at home, the company's chief financial officer said.
Weyerhaeuser will close a lumber mill in Vanceboro in September, resulting in the loss of 73 jobs, according to paperwork filed with the state.
Clearwater Paper Corporation, a premier supplier of quality consumer tissue and bleached paperboard, today announced that it has entered into a definitive agreement to sell its tissue business to Sofidel America Corporation, a subsidiary of Sofidel S.p.A., a leading manufacturer of paper for hygienic and domestic use, for $1.06 billion, subject to adjustments for debt, cash, transaction expenses and net working capital.
Cerrado Project required investment of around US$4.3 billion and will contribute to increase Suzano's production by more than 20%.
Capital Recovery Group will hold an online auction July 23-25 for equipment and machines from the idled portions of the Wisconsin Rapids paper mill.
In late April, the company announced the plant would shut down this month, for an indefinite amount of time.
No injuries as all personnel and onsite contractors taken to safety.
New support for a mass-timber production facility is protecting sustainable forestry jobs in Okanagan Falls, British Columbia (B.C.), Canada, and continuing to strengthen B.C.'s position as a leader in mass-timber innovation.
Georgia-Pacific's Big Island containerboard facility in Virginia earned its first EPA ENERGY STAR® Certification for energy efficiency this year. The facility joins two other Georgia-Pacific facilities - Brewton containerboard in Brewton, Alabama, and Leaf River Cellulose in New Augusta, Mississippi in earning this prestigious recognition for environmental stewardship.
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