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Ponsse once again the most reputable company in Finland

International Forest Industries - Fr, 06/11/2020 - 14:33

For the third year in succession, Ponsse has been selected as the most reputable company in Finland in the annual Reputation &Trust survey. In the top three, Ponsse was followed by game development company Supercell, while Fazer came in third. A total of 8,974 Finns participated in the survey.

“Ponsse has succeeded in maintaining its first place, and even in increasing its reputation during this challenging year. Ponsse received the highest individual score in the vital areas of leadership and modernisation. Especially during the coronavirus crisis, there is a demand for an ability to lead and modernise,” says Harri Leinikka, CEO of T-Media, which conducted the survey. The Reputation&Trust survey identifies the reputation of companies by analysing the greater public’s impressions of them in different dimensions.

Jarmo Vidgrén, Chairman of Ponsse’s Board of Directors, appreciates this year’s recognition more than ever. “This year has been challenging for us as well, and we humbly accept this recognition. We have succeeded together, for which I would like to thank our customers and employees as well as their families, and our stakeholders. Ponsse’s 50th anniversary has not gone as planned, and it feels great that we can thank everyone for our shared successes through this recognition too,” said Jarmo Vidgren, Chairman of Ponsse Plc’s Board of Directors at the award ceremony.

T-Media found this year’s survey extremely interesting due to the exceptional circumstances caused by the coronavirus situation. “Companies were forced to rapidly adapt to unexpected changes in their operating environments, and the spread of the pandemic has affected people’s expectations of companies.”

Reputation&Trust survey
The results are based on the Reputation&Trust survey, carried out in the summer of 2020 with the goal of investigating the reputation of companies operating in Finland among the general public. A total of 8,974 Finns responded to the survey, providing a total of 19,110 company evaluations.

The published most and least reputable companies were selected for the survey based on a preliminary study carried out in April 2020. In the preliminary study, 1,064 Finns spontaneously named two companies which they thought had a particularly good reputation and two that had a particularly poor reputation. The thirty most frequently mentioned companies were carefully studied with the Reputation&Trust model, in which the reputation score of a company is formed as the average of eight different dimensions: governance, financial performance, leadership, innovation, dialogue, products and services, workplace, and responsibility.

The survey’s target group consisted of Finns between 15 and 65 years of age. The sample has been weighted to be representative in terms of gender, age and the area where people live.

Vieremä, 22 October 2020
PONSSE PLC

FURTHER INFORMATION:
Jarmo Vidgren
Chairman of Ponsse’s Board of Directors
tel. +358 40 519 1486

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16,000th PONSSE forest machine completed

International Forest Industries - Fr, 06/11/2020 - 13:39

The 16,000th PONSSE forest machine was completed in the end of September at Ponsse’s factory in Vieremä, Finland. The PONSSE Ergo harvester delivered to Celulose Nipo-Brasileira S.A. (CENIBRA) will operate at eucalyptus plantations in Brazil to meet the needs of local pulp production.

“Ponsse has worked in close cooperation with Cenibra since 2014 in extremely difficult slope conditions in the state of Minas Gerais in Brazil. This cooperation has given our R&D valuable information about wood harvesting needs in steep slope conditions. As a result of this co-operation we have been able to develop our products to meet the customer´s needs even better. I would like to thank Cenibra for the excellent partnership so far. I would also like to thank Ponsse personnel that have made all this possible in Brazil,” says Marko Mattila, Sales, Service and Marketing Director, Ponsse Plc

PONSSE ERGO HARVESTER FOR DEMANDING SLOPE CONDITIONS
PONSSE Ergo is the best-selling Ponsse forest machine globally. The eight-wheeled Ergo to be delivered to Cenibra in Brazil is equipped with a PONSSE C5 crane, a PONSSE H7 Euca harvester head and the PONSSE Synchrowinch solution. The machine is a powerful combination, enabling sustainable and effective harvesting in demanding slope environments.

PONSSE FULL SERVICE
“The PONSSE Full-Service concept is very well linked to our view to be close to our customers and develop our products together with our customers. We have developed strong PONSSE Full-Service concept for Brazil based on our customers feedback and internal benchmarking with Ponsse´s Uruguay, Russia and China operations, says Fernando Campos, Managing Director of Ponsse Latin America.

“Ponsse established a subsidiary in Mogi das Cruzes, Brazil, in 2006. Our team in Brazil consists of 248 people divided between five different locations in the country. During 2021, we will double our staff in Brazil with the new Full-Service agreement.  I would like to thank our customers for their confidence and loyalty, and special thanks to our local team,” Campos continues.

50 YEARS OF CTL SUCCESS
16,000th forest machine was completed during Ponsse’s 50th anniversary. Ponsse has always worked together with its customers to develop the best forest machines in the world. The world’s best forest machines and supporting services are not only the more effective, flexible and reliable option, but also a powerful combination, enabling sustainable harvesting all over the world. We have dedicated five decades to the manufacturing, sale, maintenance and R&D of effective and environmentally friendly cut-to-length (CTL) forest machines.

For future information, please contact:
Marko Mattila, Sales, Service and Marketing Director, Ponsse Plc,
Tel. +358 40 0596297, marko.mattila@ponsse.com

Fernando Campos, Managing Director, Ponsse Latin America, Brazil
Tel.  +55 11 99425.8152, fernando.campos@ponsse.com

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Resolute announces appointment of Remi G. Lalonde as President & CEO, succeeding Yves Laflamme

International Forest Industries - Fr, 06/11/2020 - 13:12

Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) has announced that after a 39-year distinguished career with Resolute, Yves Laflamme will be stepping down, and retiring, as of March 1, 2021. The board of directors has unanimously selected and appointed Remi G. Lalonde as the company’s next president and chief executive officer, effective on the same date.  Mr. Lalonde, 44, currently serves as senior vice president and chief financial officer. Upon becoming president and CEO, Mr. Lalonde will be appointed to Resolute’s board of directors. The announcement today coincides with Resolute’s third quarter 2020 results.

“The Resolute board of directors enthusiastically supports Remi Lalonde’s selection as the company’s next president and CEO. He has an outstanding track record of success as well as strength of character and exemplary personal integrity. Remi’s superior leadership skills demonstrated on a range of strategic initiatives have consistently impressed the board,” stated Bradley P. Martin, chairman of the board of directors. “Remi has very good relationships with our stakeholders, sharp analytical skills, impressive credentials, and a strong business drive. We are confident he will guide the company through its ongoing strategic transformation, delivering improved shareholder value. Remi is the right person at the right time for Resolute.”

As president and CEO, Yves Laflamme advanced Resolute’s strategic transformation, divesting non-core assets and using the proceeds for debt repayment, organic growth in the company’s pulp business, and acquisition of three sawmills in the southern United States. Recent results in Resolute’s tissue business reflect Mr. Laflamme’s commitment to continuous improvement. He has been a steadfast supporter in the development of internal talent, building a strong crop of future company leaders. During the COVID-19 pandemic, Mr. Laflamme has guided the company in exceedingly difficult times while generously supporting the communities in which employees work and live. Mr. Laflamme invested in the development of sustainable biomaterials, highlighting the added value Resolute brings to fiber. He has also remained committed to expansion of the company’s state-of-the-art Toundra Greenhouse joint venture, doubling its future production capacity. Mr. Laflamme is expected to continue to support the company and Mr. Lalonde in an advisory capacity after March 1, 2021, working on specific mandates.

“The board of directors express their appreciation to Yves Laflamme for a job well done. Yves reinforced Resolute’s vision and values, focusing on safety, sustainability, profitability, accountability and teamwork. His commitment to continuous improvement, particularly in the area of costs, serves as a model to the entire organization, including the company’s leadership team and board,” added Mr. Martin. “His leadership of Resolute and support of our operating communities set the foundation for shared prosperity. Yves’ unwavering commitment to workplace safety and environmental stewardship earned Resolute extensive North American and global recognition.”

“I am honored to succeed Yves Laflamme as Resolute’s next president and CEO,” said Remi Lalonde. “I first want to thank the board and our shareholders for their confidence in offering me the opportunity to assume the leadership of this company. I also want to thank Yves for his support and guidance. In my capacity as CFO, I am fortunate to work in partnership with Yves, and I sincerely appreciate the trust he has placed in me with important projects and the leadership role he has had me play in our overall development. I wholeheartedly believe that Resolute has a bright future. I am excited to lead this talented team of 7,000+ dedicated people as we accelerate the evolution of our business to generate long-term value for our shareholders and to drive sustainable economic activity in the communities where we operate. The road ahead is certainly not without its obstacles, which will require some tough decisions, but we are up to the challenge. I am confident Resolute’s culture, one of dedication, rigor, teamwork and setting high expectations, is exactly what we need to build on our progress.”

Mr. Lalonde has been with Resolute for 11 years, rising through a series of successive roles in corporate, manufacturing and senior leadership. He has been serving as the company’s senior vice president and chief financial officer since November 2018, after serving briefly as vice president for strategy, M&A, business development and procurement. Before then he was general manager for two and a half years at Resolute’s Thunder Bay, Ontario, pulp, paper and power complex. He initially joined the company as senior counsel, securities in 2009, and took on the additional role of vice president, investor relations in 2011. In 2014, Mr. Lalonde was appointed vice president and treasurer, before moving into operations in Thunder Bay in early 2016. He began his legal career at the law firm Sullivan & Cromwell LLP in New York City as an associate in the financial institutions and corporate & finance groups, where he worked for over six years. He graduated with a bachelor of laws from the University of Ottawa in 2003 and a bachelor of applied sciences in civil engineering from the University of Ottawa in 1999. Mr. Lalonde has led a number of important mandates for the company, and has represented Resolute in major negotiations with governments, private counterparties, unions and stakeholders. He is admitted to practice law in New York and Ontario.

“Remi represents the best of our Resolute culture; he works hard, welcomes collaboration and ideas of others, and believes in truly sustainable outcomes,” said Yves Laflamme. “Remi consistently delivers superior results. He grew rapidly within the Resolute ranks, taking on one challenge after another, and each and every time, he hit the ball out of the park. As we pass the baton, I am pleased for Remi and for the entire Resolute organization who will benefit from his capable stewardship and drive to succeed.”

About Resolute Forest Products
Resolute Forest Products is a global leader in the forest products industry with a diverse range of products, including market pulp, tissue, wood products and papers, which are marketed in close to 70 countries. The company owns or operates some 40 facilities, as well as power generation assets, in the United States and Canada. Resolute has third-party certified 100% of its managed woodlands to internationally recognized sustainable forest management standards. The shares of Resolute Forest Products trade under the stock symbol RFP on both the New York Stock Exchange and the Toronto Stock Exchange.

For further information:
Contacts: Investors: Marianne Limoges, Treasurer and Vice President, Investor Relations, 514 394-2217, ir@resolutefp.com;
Media and Others: Seth Kursman, Vice President, Corporate Communications, Sustainability and Government Affairs, 514 394-2398, seth.kursman@resolutefp.com

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Hurford Wholesale signs up with Lignia to distribute its modified timber in Australasia

International Forest Industries - Fr, 06/11/2020 - 11:21

Lignia Wood Company has signed a distribution agreement with Australian timber experts Hurford Wholesale, who will be distributing LIGNIA products to the Australian and New Zealand markets.

Neil Ryan, CEO of Lignia Wood Company said: “Lignia continues to go from strength to strength across the globe and we are now delighted to welcome Hurfords as a world-class distributor and partner of Lignia for Australasia. Hurfords has a track record of success going back nearly 90 years and an expertise that will help us take Lignia into a bright future, especially as they are close to the end users and can therefore provide solutions for specific projects.”

Hurfords was established in 1932 and is a leading Australian third-generation family business dedicated to the native hardwood timber industry. With its HQ in Stapylton in Queensland, it covers the entire supply chain from the management and harvesting of forest resources, processing, manufacturing, sales, and distribution of wood products in Australia and around the world.

Lignia Wood Company produces modified timber at its base in Barry, Wales. It uses real softwood from responsibly sourced FSC® certified plantations which is then modified through a unique process.

Main Image: Hurford’s main site in Stapylton, QLD, Australia (© Hurford’s)

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Weyerhaeuser Company’s 3Q net sales increased to $2.1 billion

International Forest Industries - Fr, 06/11/2020 - 10:49

Weyerhaeuser Company reported 3Q 2020 net earnings of $283 million, or 38 cents per diluted share, on net sales of $2.1 billion. This compares with net earnings of $99 million, or 13 cents per diluted share, on net sales of $1.7 billion for the same period last year.

3Q 2020 results include after-tax charges of $103 million for special items, primarily a non-cash timber casualty loss associated with Oregon fire damage. Excluding special items, the company reported 3Q net earnings of $386 million, or 52 cents per diluted share. This compares with net earnings before special items of $59 million for the same period last year and $77 million for the 2Q 2020.

Adjusted EBITDA for the 3Q 2020 was $745 million compared with $308 million for the same period last year and $386 million for the 2Q 2020.

“In the 3Q, each of our businesses delivered outstanding operational and financial results despite disruptions from severe weather, unprecedented forest fires and the ongoing COVID-19 pandemic,” said Devin W. Stockfish, president and CEO. “We achieved record Wood Products Adjusted EBITDA, surpassing the previous high by nearly 60%. In addition, we redeemed $325 million of debt maturities and announced transactions to strategically upgrade our Oregon timberland holdings.”

Weyerhaeuser Company, one of the world’s largest private owners of timberlands, began operations in 1900. The company owns or controls approximately 11 million acres of timberlands in the U.S. and manages additional timberlands under long-term licenses in Canada.

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Setra sells Rolfs saw to Stockhult Holding

International Forest Industries - Do, 05/11/2020 - 14:55

The wood industry company Setra has entered into an agreement regarding the sale of Rolf’s sawmill in Kalix to Stockhult Holding. Stockhult is, among other things, the owner of a sawmill in Glommersträsk and intends to resume operations in Rolf’s sawmill.

In 2019, Setra closed down the sawmill operations in Rolfs. The company has now entered into an agreement with Stockhult Holding for a sale of the facility. Stockhult owns, among other things, a sawmill in Glommersträsk and intends to resume operations gradually in Rolfs.

– It is gratifying that we have found a buyer of Rolf’s saw who intends to run a business. We wish them all the best with the continued work, says Katarina Levin, Setra’s CEO.

– We are pleased to be able to supplement and expand our sawmill business through the purchase of Rolf’s sawmill, says Paul Björnsson, owner representative Stockhult Holding.

For further information, please contact:
Katarina Levin, President and CEO, telephone 08-705 03 10, mobile 070-594 92 54
Paul Björnsson, owner representative Stockhult Holding, mobile 070-23 777 59, e-mail paul.bjornsson@stockhult.com

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Waratah Forestry Equipment introduces multi-use HTH623C loader processor for tight spaces

International Forest Industries - Do, 05/11/2020 - 13:31

Waratah Forestry Equipment has debuted a new model configuration of the HTH623C harvester head. The new HTH623C loader processor (LP) features a wide delimb opening for increased productivity while its short tilt frame improves reach for higher deck piles, making it more maneuverable and ideal for tight spaces.

“The HTH623C LP takes great features of the HTH623C harvester head and expands on those for loading and processing applications,” said Brent Fisher, product marketing manager for Waratah. “With a shorter tilt frame and a larger maximum delimb opening, the HTH623C LP delivers the productivity and efficiency Waratah customers have come to expect from each new innovation.”

Extra efficiency
One of the biggest differences from the HTH623C harvester head is the large delimb opening on the HTH623C LP, which allows for multiple logs. The maximum delimb opening on the new configuration is 939 mm (37 in.), which is 239 mm (9 in.) larger than the HTH623C’s opening. The new short tilt frame allows for better log control along with more flexibility working on high decks or sloped piles, and with the advantage of grabbing multiple logs, operators can clear the yarder chute or shovel more efficiently.

“The 623C LP is more stable and allows me to quickly get in and out of a pile when processing and loading,” said Jake Dailey, operator at C&C Logging in Kelso, Washington.

The larger delimb opening can also manipulate larger single logs. This increased efficiency helps operators quickly clear the chute and load trucks. As a stand-alone option, the wide opening delimb arms can also help improve log deck picking.

Workhorse in tight spaces
With a weight of 3,140 kg (6,923 lb.), the HTH623C LP is a multi-use tool for those working in tight spaces. When a landing doesn’t have the space for multiple pieces of equipment, the HTH623C LP is the right head for the job. The new configuration features a shorter tilt frame, which permits efficient loading of trucks, improved reach for higher deck piles and more compatibility with live heels – all while maintaining easy access to hoses and valve.

“With more than 45 years of innovation in the forestry industry, Waratah understands what customers need for their worksites,” Fisher said. “The HTH623C LP is another example of the Waratah team’s creativity in delivering the best machines.”

The Waratah HTH623C LP is currently available to customers in Europe, the United States, Canada, Australia, New Zealand, Russia, Asia Pacific, Brazil and Latin America.

For more information about Waratah, please visit Waratah.com or contact Sarah Larson at slarson@mindfirecomm.com.

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Waratah announces the new H219 & H219X harvester heads

International Forest Industries - Do, 05/11/2020 - 12:54

Waratah Forestry Equipment has introduced two new models to its 200 Series line: the H219 and H219X harvester heads. Primarily built for late thinning or final felling, the new models have a variety of features for added uptime in harvesting, processing and debarking applications.

“The robust Waratah H219 and H219X heads define high capacity two-roller productivity,” said Brent Fisher, product marketing manager for Waratah. “Whether you’re in final felling or variable diameter late thinning in mixed stands, crooked hardwood or debarking applications, the new models deliver versatility with durability, performance and serviceability features our customers expect.”

Punched-up productivity
The H219, weighing in at 1,970 kg (4,343 lb.), or the H219X, at 2,050 kg (4,519 lb.), can efficiently handle large-size wood in final felling or late thinning applications – including hardwood or softwood – and eucalyptus debarking. The narrow head design lends itself to improved visibility in thinning applications, while the two-roller geometry design provides excellent handling of variable diameters and challenging tree forms up to 750 mm (29.5 in.) in diameter.

Available configuration options promote productivity in processing applications. These include longer upper-delimb arms, top saw and find-end sensor, which are available for faster processing of logs from the ground. Furthermore, the new length measuring unit has improved geometry and consistency for more precise measurements – reducing measuring loss and reversals.

Additionally, the H219 and H219X are equipped with the new SuperCut 100S saw unit which features new improvements to usability and serviceability. One highlight of the SuperCut 100S is the improved chain tensioning system, which extends saw bar and tip life while reducing chain jump-off. The saw also has new mechanical bar locking – making saw chain changes easier and providing more flexibility for motor sizing and wide-tail saw bars for broader application suitability.

“The H219 and H219X are such great heads for large wheeled or tracked machines – handling so many different large diameter applications,” Fisher said. “With their versatility and power, these really are great heads for tackling the tough jobs.”

Dependable durability
With uptime being critical to any operation, the H219 and H219X have a variety of improved features that enhance durability. The configurations include new optional HD feed roller guards for durability in thick understory or rough terrain. A heavy-duty (HD) tilt frame option is available for tracked applications, and it is standard on the H219X.

Improved hose routing along with new guarding protection on both the exterior and underside of the head help extend hose life. The new configuration helps reduce limb interference with hoses, cylinder and motor fittings, while feed motors have new anti-cavitation protection.

Likewise, the optional top saw now has a more integrated design improving durability and serviceability. The new design features guarding on the underside to keep splinters and debris away.

Additionally, the new measuring arm design features a larger cylinder and pins, higher contact force and increased shock resistance while a larger and more aggressive measuring wheel expertly handles trees with thick bark.

Increased uptime
Simplified servicing extends operational time to increase productivity on the job. Highlights of the H219 and H219X include a new valve cover and more easily accessible service points for quicker access – reducing servicing time.

Likewise, new hose bulk-heads improve access with hose connections externally accessible for quick changeouts.

The Waratah H219 and H219X are currently available to customers in Europe, the United States, Canada, Australia, New Zealand, Russia, Asia Pacific.

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Raul Kirjanen elected Chairman of the Management Board of the Estonian Forest & Wood Industries Association

International Forest Industries - Mi, 28/10/2020 - 16:13

Raul Kirjanen, Chairman of the Management Board of Graanul Invest AS, was elected Chairman of the Management Board of the Estonian Forest and Wood Industries Association. According to the new chairman, the forest and timber sector has great potential in light of the European Green Deal.

‘We need to work to ensure that the general quality of Estonian forests improves, that our forest and wood industry is internationally competitive, and that we are able to sufficiently contribute to innovation to create new value chains for wood with high added value,’ says Kirjanen. He adds that the Estonian society benefits from a well-operating forest and wood industry, and that the wood industry is and will continue to be one of the flagships of Estonian economy.

‘I believe that a sustainable and modern forest and wood industry will ensure a self-sufficient country and allow us to pass down healthy and strong forests for the next generations,’ says Kirjanen.

The following people were elected into the management board of the Estonian Forest and Wood Industries Association: Ando Jukk (Estonian Plywood AS), Ivar Dembovski (Rait AS), Jaak Nigul (Tarmeko Spoon AS), Jaan Kers (TalTech), Jaano Haidla (Graanul Invest AS), Jüri Külvik (Lemeks AS), Linnar Pärn (Estonian University of Life Sciences), Argo Aavik (Stora Enso Eesti AS), Mati Polli (founding member of the association), Margus Kohava (Combimill Sakala OÜ), Raul Kirjanen (Graanul Invest AS), Silver Rõõmussaar (UPM-Kymmene Otepää OÜ), Tiit Nilson (Woodwell AS), Tõnu Ehrpais (Viiratsi Saeveski AS), Mait Kaup (Warmeston OÜ), and Lauri Raid (Estonian Cell AS).

The Estonian Forest and Wood Industries Association, established in 1996, is a non-profit umbrella organisation for companies of the forest and wood industry. The association comprises 67 members, including four educational institutions providing professional education. The CEO of the association is Henrik Välja.

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Potlatchdeltic Corporation Reports Third Quarter 2020 Results

International Forest Industries - Di, 27/10/2020 - 14:01
Potlatchdeltic Corporation Reports Third Quarter 2020 Results

SPOKANE, Wash.–(BUSINESS WIRE)– PotlatchDeltic Corporation (Nasdaq:PCH) yesterday reported net income of $81.0 million, or $1.20 per diluted share, on revenues of $313.0 million for the quarter ended September 30, 2020. Net income was $20.6 million, or $0.30 per diluted share, on revenues of $226.3 million for the quarter ended September 30, 2019.

Third Quarter 2020 Highlights

  • Generated record quarterly Total Adjusted EBITDDA of $135.4 million and Total Adjusted EBITDDA margin of 43%
  • Historic lumber prices drove Wood Products record quarterly Adjusted EBITDDA performance
  • Timberlands set quarterly records for harvest volume and Adjusted EBITDDA
  • Expanded strong liquidity position to $528 million as of Q3 2020

“Our Timberlands and Wood Products businesses achieved record financial performance as outstanding operational execution by our employees capitalized on the historic run in lumber prices against the backdrop of a challenging COVID environment,” said Mike Covey, chairman and chief executive officer. “Looking to the fourth quarter of 2020, our financial results will continue to benefit from high lumber prices through an extended lumber order file and lagged index pricing on our Idaho sawlogs. Additionally, we expect that our Real Estate business will finish the year very strong by closing a large Minnesota transaction. PotlatchDeltic is well positioned to take advantage of favorable industry fundamentals and our strong liquidity provides a high degree of flexibility as we seek to maximize shareholder value,” stated Mr. Covey.

Business Performance: Q3 2020 vs. Q2 2020

Timberlands

Third Quarter 2020 Highlights

  • Timberlands Adjusted EBITDDA increased $34.1 million from Q2 levels
  • Northern and Southern harvest volumes increased seasonally
  • Northern sawlog prices increased 30% due primarily to higher prices on lumber-indexed volume

Wood Products

Third Quarter 2020 Highlights

  • Wood Products Adjusted EBITDDA increased $70.8 million from Q2 2020 levels
  • Average lumber price was $637 per MBF Q3 2020, 55% higher than Q2 2020
  • Lumber shipments increased 17% in Q3 2020 driven by higher production hours
  • Wood Products positively impacted by plywood mill returning to normal operating level after Q2 2020 curtailment

Real Estate

Third Quarter 2020 Highlights

  • Real Estate Adjusted EBITDDA increased $4.1 million from Q2 2020 levels
  • Sold 11,048 acres of rural land for $1,202/acre
  • Sold 26 residential lots at an average $83,000/lot in Q3 2020

 

Non-GAAP Measures
This press release includes certain non-GAAP financial measures, which management believes are useful to investors, securities analysts and other interested parties. These non-GAAP financial measures should be considered only as supplemental to, and not as superior to, financial measures prepared in accordance with GAAP.

Management uses Adjusted EBITDDA to evaluate the performance of the company. This is a non-GAAP measure that represents EBITDDA before certain items that impact comparison of the performance of our business either period-over-period or with other businesses.

Adjusted Net Income and Adjusted Net Income Per Diluted Share are non-GAAP measures that represent GAAP net income and GAAP net earnings per diluted share before certain items that impact the ability of investors, securities analysts and other interested parties to compare the performance of our business, either period-over-period or with other businesses.

Reconciliations to GAAP are set forth in the accompanying schedules.

Conference Call Information
A live conference call and webcast will be held Tuesday, October 27, 2020, at 9:00 a.m. Pacific Time (12:00 p.m. Eastern Time). Investors may access the webcast at www.potlatchdeltic.com by clicking on the Investors link or by conference call at 1-833-968-2227 for U.S./Canada and 1-778-560-2697 for international callers. Participants will be asked to provide conference I.D. number 9171206. Supplemental materials that will be discussed during the call are available on the website.

A replay of the conference call will be available three hours following the call until November 3, 2020 by calling 1-800-585-8367 for U.S./Canada or 1-416-621-4642 for international callers. Callers must enter conference I.D. number 9171206 to access the replay.

About PotlatchDeltic
PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns 1.8 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program. PotlatchDeltic, a leader in sustainable forest management, is committed to environmental and social responsibility and to responsible governance. More information can be found at www.potlatchdeltic.com.

 

INVESTOR CONTACT

Jerry Richards
Vice President and Chief Financial Officer
Investor@PotlatchDeltic.com
Source: PotlatchDeltic Corporation

Photo: Chairman, President & Chief Executive Officer at Potlatch Corporation

 

 

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Honkarakenne Plans To Reorganise

International Forest Industries - Di, 27/10/2020 - 12:52
Honkarakenne Plans To Reorganise Its Production And Commence Co-Operation Negotiations In Accordance With Chapter 8 Of The Finnish Act On Co-Operation Within Undertakings

Honkarakenne Oyj intends to reorganise its production and will commence co-operation negotiations, in accordance with Chapter 8 of the Finnish Act on Co-operation within Undertakings, concerning the reduction in the use of personnel at the company’s factory in Karstula, Finland. The planned reorganisation is estimated to have a significant impact on the company’s personnel roster. The co-operation negotiations will cover the company’s production employees, excluding its production managers. The negotiations will also not apply to the company’s clerical and managerial employees.

The aim of the planned reorganisation is to increase the efficiency of the company’s production processes and improve its competitiveness. According to the company, the reorganisation process under consideration would help it increase the efficiency in which it will be able to manufacture products that meet both consumer demands and modern construction standards.

According to the company’s preliminary assessment, the planned measures would lead to a maximum of 25 employees being dismissed or shifted to a part-time position. In addition, 40 employees could be subjected to significant, redundancy-based provisional amendments.

If implemented, the plans may result in adjustments being recorded in the company’s income statement. Any potential adjustments will be specified after the end of the co-operation negotiations.

HONKARAKENNE OYJ

Marko Saarelainen
President & CEO

For further information, please contact:
Marko Saarelainen, President and CEO, tel. +358 (0)40 542 0254, marko.saarelainen@honka.com or
Leena Aalto, Vice President – Finance, CFO, tel. +358 (0)40 769 4590, leena.aalto@honka.com

 

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Excellent visibility in all directions

International Forest Industries - Di, 27/10/2020 - 11:54

The visibility in Komatsu thinning forwarders is excellent in all directions.

When thinning, it is especially important that the operator has a clear view of both the surrounding forest and the machine’s position relative to each individual tree. That is why the visibility in their thinning forwarders, as in all Komatsu forwarders, is excellent in all directions – over the hood and down towards the wheels as well as over the load area and towards the treetops. This enables you as an operator to feel confident about not damaging standing trees.

See more about why this is important in thinning operations.

 

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Moelven Soknabruket invests in CamShift 600 debarking system

International Forest Industries - Do, 22/10/2020 - 12:14

2020 continues to be a successful year for USNR’s Cambio debarker product line. The latest addition to our order book is a CamShift 600 modular debarking system ordered by the Moelven Soknabruket sawmill in Sokna, Norway.

CamShift is USNR’s modern and modular adaption of traditional Cambio debarking technology, allowing for a variety of configurations to match different application requirements. This particular unit comprises a CamTrim flare reducer, a Cambio 600 debarking rotor, and six CM 600D direct-drive feedworks modules that transport logs through the machine.

Both the flare reducer and the rotor slide out of the machine for easy maintenance. USNR will also deliver a CIM 800 log infeed and an outfeed conveyor. This system will replace a Cambio 800 and will be installed during summer 2021.

Main Image: The image shows a similar system at Höglands Såg & Hyvleri AB, Sweden.

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RDO Equipment delivers its 50th John Deere forestry machine since launching in Australia

International Forest Industries - Do, 22/10/2020 - 11:35

RDO Equipment celebrated a big milestone in September, delivering its 50th John Deere forestry machine to loyal customer Austimber in Gippsland, Victoria.

After what has been an unpredictable and extraordinary year, RDO and John Deere are both celebrating the success of achieving 50 sales in just over 12 months since RDO Equipment took over the John Deere Construction and Forestry contract in all states except WA.

“No doubt this past year will be one to remember for all sorts of reasons, but we’re thrilled to celebrate this milestone with the support of John Deere and continue our success in the Australian forestry sector,” said Nathan Psaila, National Sales Manager for RDO Equipment.

“Our teams in both forestry and construction have worked incredibly hard over the past 12 months to cement our position in both markets, so this sale is a testament to their dedication and performance, and I know our customers would say the same thing.”

Simon Shackleton, John Deere’s General Manager of Sales and Marketing – Forestry Equipment, agrees that RDO has made its mark over the past year. “There has been a great response from customers and industry towards RDO, so it’s no surprise they’ve hit their 50th machine delivery in not much more than 50 weeks.”

Ian Reid from Austimber was the lucky recipient of the 50th machine, which also happened to be the business’s 25th John Deere machine purchase, a 1270G Wheeled Harvester.

“We’ve been really impressed with how RDO has started its operation in Australia. Their support staff in particular have been great. Anytime I have had any dealings with them I’ve been met with a ‘can do’ attitude. They work really hard to make sure we’re never left waiting,” Ian says.

“We’ve had a couple of occasions where we needed parts which were overseas, and they organised prompt freight for us, so we had minimal machine downtime. Particularly during the last few months with the added pressure of coronavirus restrictions, there has been minimal impact in our dealings with RDO. Machine deliveries have been trouble-free and on-time, and parts supply and our regular maintenance schedules haven’t been impacted either,” Ian says.

“We’re looking forward to continuing to work with the RDO and John Deere teams and know we’re in safe hands with any future machine purchases

Main Photo: 
Pictured from L to R: Jake Peters (Service Technician, RDO Equipment), Ian Reid (Director, Austimber Harvesting & Haulage), Ryan Sim (Service Technician, RDO Equipment), Jim King (Operator, Austimber Harvesting & Haulage), Mark Hellberg (Sales Professional, RDO Equipment), Adrian Wapling (Product Specialist – Forestry,  John Deere) and Duncan Johnston (Director, Austimber Harvesting & Haulage).

Below: Ian Reid from Austimber was the lucky recipient of the 50th machine, a 1270G Wheeled Harvester.

Right: Simon Shackleton, John Deere’s General Manager of Sales and Marketing 

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SUSTAINABLE RESOURCES Verifications Scheme (SURE) starts operation

International Forest Industries - Mi, 21/10/2020 - 12:31

REDcert and Bioenergy Europe have united efforts and expertise for the establishment of a new independent and credible certification system to ensure sustainable use of biomass within the energy sector
Bonn, 21 October 2020: After two years of meticulous preparation, SUSTAINABLE RESOURCES Verifications Scheme (SURE) starts the operational business as of October 2020 by providing a practical solution to all economic operators within the bioenergy sector to demonstrate the sustainability of electricity and heat production from biomass. The aim of SURE is to enable all economic operators to show compliance with the legal requirements of RED II.

Under the recast Renewable Energy Directive (EU) 2018/2001, mandatory sustainability criteria have been introduced for economic operators receiving support for the production of electricity or heating and cooling from biomass and biogas. The new rules come into force on 1 July 2021. However, economic operators are well advised to identify potential weaknesses in the company at an early stage and to check compliance in good time. Bioenergy Europe expects that bottlenecks may occur when thousands of economic operators simultaneously seek certification in order to fulfil their legal obligations in due time.

“The implementation of RED II means that all economic operators in the supply chain must provide proof of sustainability. We foresee a huge demand and therefore, it is our strong recommendation to the companies to start the certification process as soon as possible.” – advises Peter Jürgens, General Manager SURE. Therefore, SURE is now available as a well-balanced and practical certification system. As a full scope system, SURE provides certification for the entire supply chain and is open to agricultural and forest biomass producers, producers of biomass fuel from waste and residues, pellet producers, logistic operators, biomass fuel traders, biomass and biogas plants. This broad spectrum enables certification from a single source even for different material flows. Thereby SURE guarantees transparency and objectivity through regular checks by independent and neutral auditors.

In the next months, until SURE is recognized by the EU Commission to verify compliance with RED II, the verification scheme will run operational business on a voluntary basis to prove feasibility and to prepare the bioenergy industry for the RED II implementation. All certification bodies interested to join the scheme are invited to submit their application. First applicants among the economic operators are also expected.

About Bioenergy Europe:
Bioenergy Europe is the voice of European bioenergy. With members from over 40 countries, it has been a stable companion for the interests of bioenergy stakeholders for thirty years. Bioenergy Europe is committed to the sustainability of the biomass markets driven by its knowledge of the requirements and developments of the sector.

About REDcert:
REDcert was founded in 2010 to demonstrate the sustainability of biofuels and bioliquids within the framework of the first Renewable Energy Directive (2009/28/EU). More than 1,300 system participants in 25 countries make REDcert one of the leading global certification systems. As a certification system recognized by the EU, REDcert contributes its many years of expertise and experience to SURE.

SURE website: www.sure-system.org

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John Deere To Expand TimberMatic™ Maps and TimberManager™ Job Site Visualization to include Waratah H-16 production data

International Forest Industries - Mi, 21/10/2020 - 12:05

John Deere will now offer TimberMatic™ Maps and TimberManager™ as a standard offering for tracked harvesters or forestry swing machines with a factory-installed Waratah H-16 Measuring System.
This will enable the onboard TimberMatic™ Maps and cloud-based TimberManager™ programs to incorporate production data from the Waratah H-16 Measuring System.
The expanded software collects timber processing data from the H-16 system, providing a real-time look at job site progress.

Increasing job site visibility and visualization, John Deere expands its TimberMatic™ Maps and TimberManager™ software to seamlessly incorporate data from the Waratah H-16 Measuring System. With the new capability, the TimberMatic Maps system collects production data from harvesting heads equipped with the Waratah H-16 system, providing real-time production data of processed timber linked to location through the in-cab monitor and synched to the cloud-based TimberManager. Job site progress data is then accessible to off-site managers or employees through a phone, tablet or computer using the TimberManager software.

The software pairing is available for John Deere tracked harvesters or forestry swing machines equipped with harvesting heads using the Waratah H-16 Measuring System. Additionally, the TimberMatic Maps and TimberManager are included in-base on new machines ordered with a factory H-16 Measuring System. A retrofit option can be downloaded and installed at no additional charge on existing machines utilizing the H-16 system. Machines must be equipped with 4G MTG and an active JDLink™ Telematics subscription.

“With this action, we are bringing together the powerful data collection capabilities of TimberMatic Maps and the Waratah H-16 Measuring System to offer more value to our customers,” said Matt Flood, product manager, John Deere. “Many of the challenges our customers face can be improved through increased visualization of job site workflow and productivity, and communication — seeing what is actually going on. With this expanding offering, we are providing more ways for our customers to collect data and analyze their business, helping them increase outputs and boost profitability.”

Launched in 2018, TimberMatic Maps and TimberManager enhance machine connectivity and communication. The TimberMatic Maps solution features mapping software for use in the field, leveraging a mobile network to share real-time production data between operators and office managers in the office. Data is collected through sensors on the equipment, while production location is gathered through GPS technology. This data is then shared to the cloud, where managers can access TimberManager from a PC, tablet or phone, allowing them to track job site progress remotely.

 

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Log sorting lines to Russia

International Forest Industries - Mi, 21/10/2020 - 10:53

Russia’s ULK Group is investing close to 400 million euro in one of the country’s biggest sawmill investments in modern times. Their ambition is to have one of the world’s largest and most modern sawmills, with an annual capacity of more than 1 million cubic meters (425,000 MBF) sawn timber and 600,000 t pellets annually, when completed in 2023.

“Our ambition is to build the world’s most modern sawmill, and to do so we must exclusively use suppliers who are technology leaders,” says Artem Samuhin, Deputy General Director for Development of ULK Group.

“Nordautomation’s equipment met the customer’s highest requirements, and we were able to present good references for the log sorters we’ve supplied in the past,” says Timo Kuusisto, Managing Director of Nordautomation Oy. “This is also a great start to our cooperation with Valutec LLC, who represent Nordautomation’s technologies in the Russian market.” Both companies, Valutec and Nordautomation, belong to the same Swedish Addtech Group.

Nordautomation Oy will supply two 60-bin log sorting lines to the project. “We are proud of the order received and that ULK is investing in Finnish technology. We have the ability to meet the highest demands posed by the customer,” says Keijo Lamminen, Sales Director of Nordautomation Oy.

Read article “Nordautomation Oy enters the Russian market” in magazine Timber Industry of Siberia (in Russian) https://lpk-sibiri.ru/news/nordautomation-oy-vyhodit-na-rynok-rossii/.

More information:

Timo Kuusisto • CEO • +358 (0)40 511 8260 • timo.kuusisto@nordautomation.fi 
Keijo Lamminen • Sales Director • +358 (0)400 868 302 • keijo.lamminen@nordautomation.fi 

 

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Australia – New Highland Pine Products General Manager

International Forest Industries - Di, 20/10/2020 - 14:36

Highland Pine Product (HPP) is pleased to announce the appointment of Mike Bitzer to the role of General Manager. Mike will replace current General Manager David Knights who recently announced his retirement. David commenced as General Manager in 2016 and since this time has continued to lead the site through growth and change. We thank David for his service to HPP and wish him well in his retirement.

Located in Oberon NSW, HPP is a sawmilling operation employing more than 200 people and is a joint venture owned equally by AKD and Boral. Mike will be seconded to HPP from AKD in November this year and will assume full responsibility for the HPP business and transition out of his current responsibilities as the Chief Technical Officer at AKD.

AKD CEO and HPP Director Shane Vicary comments “the Board is excited about Mike joining HPP in this role and we are looking forward to working with him and the Oberon team as we continue the journey with the many challenges and opportunities that exist at Oberon”.

This is not Mike’s first experience working with the HPP Team, he has a deep understanding of the site having previously worked as the site’s Process Manager, Acting General Manager and almost 5 years as a member of the HPP Board.

Mike combines a highly energetic and passionate approach with significant sawmilling experience, relevant skills, and industry relationships having worked within and been respected in the timber industry for the past 30 years. Mike’s experience, passion and drive will support the team in in identifying and executing on growth and improvement opportunities.

The HPP Board wish Mike all the best in this new role and again thank David for his time with HPP.

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Mebor introduce new slab chipper – canter

International Forest Industries - Mi, 14/10/2020 - 12:01

Mebor presents the newly designed slab chipper – canter BM 900 for Mebor’s VTZ 1400/1600 PLUS vertical band saws. Combining the canter with the vertical band saw naturally brings a higher production and also eliminates the need to transport waste slabs.

Positioning to size is done with a brushless SERVO motor, ensuring fast operation and precise sizes. The canter head is mounted directly onto a custom-made reinforced motor, which brings considerable ENERGY SAVINGS. It is usually installed on a subframe, which means the customer does not have to make any special concrete foundations.

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Martinsons now part of Holmen

International Forest Industries - Mi, 14/10/2020 - 11:22

Holmen signed an agreement to purchase Martinsons over the summer and 1 October marked the formal change of ownership. To celebrate the occasion, a key handover ceremony took place at the sawmill in Bygdsiljum, which will now become one of the largest in the Holmen Group.

“We will be taking the strengths of Martinsons and building on them. Specialist know-how and a focus on quality, long-term planning and innovation are all present within Martinsons and these features are closely aligned with the way we want to work. This acquisition will make Holmen a company with an incredible breadth and depth of expertise in wood products and wood construction,” declared Johan Padel, Holmen’s Senior Vice President Wood Products, during the ceremony.

At the handover, Martinsons’ former CEO Lars Martinson welcomed the new owners and presented Johan Padel with a symbolic wooden key to mark the change.
“Holmen is the stable and long-term owner we were looking for. They have a similar culture to the one we’ve built up over the years, coupled with a desire to continue building on and developing Martinsons’ business areas. Given the pooled strength and resources that the companies bring, all the pieces are in place to advance a long way up the value chain. Together, we can make history in an important and sustainable industry of the future,” said Lars Martinson.

Safe and secure purchasing process for the forest owners

Another essential aspect of the deal is the access to raw material, an area in which the companies have both spent many years establishing close partnerships.
“We’ve worked with Martinsons for many years and carried out forest management work for Martinsons’ customers. As one of the biggest wood buyers in Sweden, we have a safe and secure purchasing process for the forest owners. I also think many of them want to be involved in the specialist processing and wood construction that Martinsons is so well known for,” stated Sören Peterson, Holmen’s Senior Vice President Forest.

Photo: Martinsons’ former CEO Lars Martinson and Johan Pade, Holmen’s Senior Vice President Wood Products, at the key handover cermony in Bygdsiljum.

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by Dr. Radut