News archive

2019

Canfor Announces Additional Capacity Reductions in BC

19-07-2019
Canfor, Sawmills

Vancouver, BC, Canada – Today Canfor Corporation (TSX:CFP) announced further capacity reductions at two of its British Columbia sawmills with an indefinite curtailment at its Mackenzie sawmill and the permanent elimination of one shift at its Isle Pierre sawmill. The indefinite curtailment at Mackenzie, which is effective immediately, is …

Australian Paper and SUEZ Appoint SMBC as Financial Advisor

19-07-2019
Australian Paper, SUEZ, SMBC

Australian Paper and SUEZ have joined forces with Sumitomo Mitsui Banking Corporation (SMBC) as an important next step towards a $600 million Energy from Waste (EfW) facility in the Latrobe Valley. SMBC has been appointed Financial Advisor to the project, bringing significant EfW sector experience and a global perspective …

SCM at the Forefront of Change at AWFS

18-07-2019
SCM, AWFS

Once again, the leader for secondary woodworking technologies SCM is to play a key role at AWFS, boosted by its continuous and significant growth. The Group's turnover exceeded 700 million Euro at the end of 2018, more than 70% of which refers to its wood sector with a contribution of more than 500 million. This is thanks to the most extensive …

Universal’s Parent Company Buys Stake in Vietnam Plant

18-07-2019
Samson Holding Ltd., Vietnam

DONG NAI PROVINCE, Vietnam – Samson Holding Ltd., the parent company of case goods and upholstery resource Universal Furniture, is acquiring a majority ownership position in one of the largest furniture plants in Vietnam for $32.5 million. The company announced it has acquired a 70% stake in the Timber Inds. furniture plant in …

German Sawmillers Call for Action to Curb Log Exports to China

17-07-2019
Germany, China, Log Exports

Germany’s main sawmilling association has called for customs and tax changes to reduce the high volumes of logs being exported to China. Lars Schmidt, managing director of the Federal Association of the German Sawmilling and Wood Industry (DeSH), also said German log availability was being impacted for nature conservation rules. Data …