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Brazilian Government has established new rules for the harvest and marketing of mahogany. According to the new decision, announced earlier this month, it will be possible to extract this lucrative species with a sustainable management plan.... [more...]
Big Chilean group, CMPC, says it is working on an environmental impact report this year for the construction of a new pulp plant at Nacimiento, where the company already has the Santa Fe plant.
Once constructed, the plant would have a capacity of 700,000 tons annually of pulp and should be constructed within the next four years at a cost of nearly US$800 million.... [more...]
After initiating insolvency proceedings at the Witex AG, Augustdorf, the course is already being set now for the company to be present on the market again as soon as possible.
The provisional receiver, Wolfgang van Betteray, aims to save the company and to secure the jobs that depend on it. Van Betteray is regarded as a noted restructuring specialist, whose partnership has already been working i... [more...]
Domtar announced today that it has decided to curtail production at four of its mills during the month of July, in order to adjust its production to customer needs and avoid inventory build-up. The mills affected are Cornwall, Port Edwards, Port Huron and Woodland. During this downtime, 15,000 tons of paper and 7,000 tons of market pulp will not be produced.
Prior to this announcement, Domtar cur... [more...]
In the midst of the lowest long-term mortgage rates in almost half a century, the Commerce Department today reported that sales of new single-family homes rose for the third consecutive month in May to a record-high seasonally adjusted annual rate of 1.16 million units. This was 12.5 percent ahead of April’s seasonally adjusted sales pace, and the fourth time this year that sales have eclipsed the... [more...]
Wood transactions have been extremely worse since the beginning of the new fiscal year started April, and no sign of recovery at all during May and June. The plywood business in May was worst ever and the industry stays in the depression.... [more...]
Weyerhaeuser announced that five Crown timberlands operations and five sawmills, all on the coast of British Columbia, will take periods of downtime in July as a result of falling prices resulting from a general oversupply of lumber, high costs associated with operating on the B.C. Coast, softwood duties, and a rapidly rising Canadian dollar.... [more...]
KONE Corporation announced that it intends to investigate opportunities to divest Partek Forest and Valtra. Partek Forest president Hans Eliasson is optimistic that the decision will have no influence on the market position of Partek Forest: “We are convinced that our future owner will be dedicated to invest in the forest machine industry and drive the future growth of our company and our excellen... [more...]
Paneles Arauco S.A. has chosen Raute as the main supplier of equipment to their greenfield ‘Itata’ plywood plant, which will be located in Nueva Aldea, 50 km northeast of Concepcion, Chile. The project has been named after the nearby Itata River. Delivery is set for late 2003 and early 2004, with the plant to be operational by the end of 2004.
Capacity of the new Itata plant will be 225,000 m3 of... [more...]
Metso Paper will supply a paper machine rebuild at UPM-Kymmene's Rauma mill. The modernization of the SC paper machine will improve paper quality, machine efficiency and running speed. The rebuilt machine will start up in spring 2004. The value of the order is in excess of EUR 20 million.
The modernization comprises of a new headbox and a wire section as well as modifications in the press sectio... [more...]