Jump to Navigation


PotlatchDeltic Corp. plans $131M expansion of Waldo mill

International Forest Industries - Tue, 07/06/2022 - 13:55

The expansion is expected to lead to the creation of 55 indirect jobs reports North West Democrat Gazette.

Many of those indirect jobs will relate to transporting logs to the mill from the company’s timberlands and other timberlands, said Anna Torma, PotlatchDeltic vice president of public affairs.

The expansion is expected to help the company cut costs and increase output, growing the mill’s annual capacity from 190 million feet of lumber to about 275 million, according to a PotlatchDeltic news release Monday. Improvements to the mill will include log yard and planer upgrades, a new saw line and a new continuous dry kiln.

The mill will continue operating while improvements are being made, and the project is expected to be completed by 2024. The company has contracted with BID Group for the project.

“We are excited to invest in the Waldo mill and partner with the BID Group to execute on our growth and operational excellence plan to deliver increasing value for our customers, shareholders, and communities,” PotlatchDeltic Vice President of Wood Products AshleeCribb said in an email Monday.

PotlatchDeltic owns three sawmills and almost 950,000 acres of timberland in Arkansas.

The Waldo mill expansion and indirect jobs will benefit the local economies as well, Torma said.

“We are thankful for PotlatchDeltic’s commitment to the timber industry as it is one of South Arkansas’s greatest natural resources,” Magnolia Economic Development Director Ellie Baker said.

“The investment will be felt throughout Columbia County for many many years,” Baker said. “The addition of 55 new indirect jobs will be a direct stimulant to our local economy and my office is committed to increasing the workforce ready population. This is a win for all of Columbia County.”

Rep. Lane Jean, R-Magnolia, said southwestern Arkansas is timber country, and the expansion will have a positive effect on the local economies around the mill. Jean, who has previously served as Magnolia’s mayor and as an Arkansas Department of Economic Development commissioner, also works in the timber industry.

“We’re in the timber belt,” Jean said. “It’s our number one product down here; used to be oil and gas but oil and gas has fallen off a little bit but timber and paper product, or pulp, is our number one product down here.

“It will help the forest owners and the loggers and all the companies that service the equipment, it will definitely be a plus,” Jean said.

“The Waldo investment is an exciting strategic growth opportunity, and it will position the mill among the lowest cost producers in the U.S. South,” PotlatchDeltic President and Chief Executive Officer Eric Cremers said in the release. Cremers also said the investment reflects the company’s belief that “housing fundamentals” will remain strong.

The company announced last week a definitive agreement with CatchMark Timber Trust Inc. to combine the companies in an all-stock transaction, but Torma said the merger with CatchMark will not include Arkansas timberland.

Deltic Timber Corp. of El Dorado was purchased and merged with Potlatch Corp. in 2017, establishing a combined company controlling 2 million acres of timber in Arkansas, Mississippi, Alabama, Louisiana, Idaho and Minnesota. The merged company was renamed PotlatchDeltic Corp. Deltic’s El Dorado operation became the company’s southern operational headquarters.

To read other PotlatchDeltic Corp. posts click here.


Follow IFI on Twitter | LinkedIn | Facebook | Instagram

The post PotlatchDeltic Corp. plans $131M expansion of Waldo mill appeared first on International Forest Industries.

SmartMill signs representation agreement with Finna Sensors and Dynalyse

International Forest Industries - Tue, 07/06/2022 - 12:08

“We are very proud to have finalized this agreement with Dynalyse and Finna Sensors that allows them to promote our state-of-the-art equipments and at the same time will allow us to advertise and sale their innovative products” says Jean Bérubé, Eng., president SmartMill.

“With this agreement, we are able to represent their products in eastern Canada, North-eastern United States and South-eastern US as well”, adds M. Bérubé.

The products concerned by this agreement are a true complement to each other’s functionality and are the following:

·         Finna/Dynalyse: Transverse HD Hybrid moisture/density sorting system. An outstanding tool for sorting heavy and frozen lumber by moisture and density.

·         Finna: Planer moisture systems for optimizing grade recovery and yield.

·         Dynalyse: Dynagrade and Precigrader. Two grading tools allowing Timber Strength Grading and wood’s MOE.

·         SmartMill: FLX-400, a test bench allowing to determine the MOE and the MOR of wood boards.

In this regard, “Finna Sensors is excited to collaborate with SmartMill and Dynalyse to create an ideal combination of systems and service, providing valuable solutions for customers in (Eastern) Canada,” said Jason Kovacik, Sales Manager at Finna Sensors

SmartMill, Dynalyse and Finna Sensors aim to provide high-tech solutions in automation for the wood industry in order to help our clients get the maximum of value of each piece of lumber and maximise their profitability in the process.

About SmartMill

SmartMill is a team of dedicated experts committed to the success of the wood processing industry. SmartMill designs, manufacture and install state-of-the-art automation equipment that is a customizable solution to improve the profitability of its clients located in North America.


Follow IFI on Twitter | LinkedIn | Facebook | Instagram

The post SmartMill signs representation agreement with Finna Sensors and Dynalyse appeared first on International Forest Industries.

New Forests completes acquisition of over 100,000 acres of Northern California Forests

International Forest Industries - Tue, 07/06/2022 - 11:25

New Forests, a global investment manager of nature-based real assets and natural capital strategies, has announced the purchase on behalf of institutional investors of an approximately 108,000-acre forestry estate in Northern California from The Michigan-California Timber Company (MCTC).

The estate consists of productive mixed conifers, including fir and pine, in the Mount Shasta region, and presents significant opportunities for Forest Stewardship Council (FSC) certified timber production, management for carbon stock protection and atmospheric carbon removal, along with continued wildlife habitat protection.

This estate is proximate to over 315,000 acres of existing forestry assets managed by New Forests in Northern California. New Forests has deployed around $500 million to date on behalf of its clients in US sustainable forestry assets and is now the second largest land manager in California.

“We are delighted to be investing in the future of California forestry where a focus on natural climate solutions can help drive positive economic, environmental and community outcomes,” says Brian Shillinglaw, Managing Director, United States for New Forests.

“We’re proud of the scale our US business has achieved in managing California and Oregon forests for sustainable FSC timber production and climate impact. Our institutional clients see the value managing forests for financial returns from both sustainable timber and carbon pricing, while positively contributing to climate change mitigation, biodiversity, and local communities. New Forests plans to manage these forests for long-term carbon stock protection and significant atmospheric carbon removal over the coming decades.”

“MCTC has sustainably managed these timberlands since 1994 and we are proud of our stewardship,” says Chris Chase, General Manager for MCTC. “Our manufacturing affiliate, Timber Products Company, looks forward to working with New Forests as a key supplier of logs through a long-term timber supply agreement.”

In 2014, New Forests was the first company to register an offset project developed under the California Compliance Offset Protocol for the Yurok Tribe.

About New Forests

New Forests is a global investment manager of nature-based real assets and natural capital strategies, with AUD 7.8 billion (USD 5.8 billion) in assets under management across 1.1 million hectares (2.7 million acres) of investments.  New Forests manages a diversified portfolio of sustainable timber plantations and conservation areas, carbon and conservation finance projects, agriculture, timber processing and infrastructure assets. We aim to generate shared prosperity for our clients and the communities in which we operate and accelerate the transition to a sustainable future.

About Michigan-California Timber Company

The Michigan-California Timber Company (MCTC) owns over 108,000 acres of timberland in Northern California. The timberlands are third party certified to the Sustainable Forestry Initiative (SFI) Standard and managed in strict compliance with the California Forest Practices Act. MCTC shares common ownership with Timber Products Company and is the largest supplier of logs to the Timber Products Company Veneer Division in Yreka, CA. MCTC benefits from strong relationships with regulatory agencies and the conservation community as it sustainably manages timberlands to produce a consistent stream of wood products and ecosystem services.

Vested Communications US

Corey Goldman
+1 416 846 7953

 New Forests

Lauren Stewart
Head of Communications
+ 6 1437 800 340

Photo:  Brian Shillinglaw, Managing Director, United States for New Forests

For other New Forests related posts click here.


Follow IFI on Twitter | LinkedIn | Facebook | Instagram

The post New Forests completes acquisition of over 100,000 acres of Northern California Forests appeared first on International Forest Industries.

World premiere – Ponsse studio presents: a new harvester, a new forwarder & new productivity-enhancing features

International Forest Industries - Tue, 31/05/2022 - 12:23

At the world premiere on June 8, 2022, we will be introducing a new harvester, a new forwarder and several new features to improve the everyday life of a forest machine operator. Environmentally friendly timber harvesting guides Ponsse to develop solutions while listening to the needs of its customers, taking responsibility into account.

The global product launch will take place as an online event on June 8 at 10:00 AM EEST and 19:00 EEST. The language of the event is English and it is subtitled in Finnish, English, French, German, Spanish, Portuguese and Czech.

Our experts have prepared a breathtaking show – secure your place in the front row and sign up!

VISIT: https://www.ponsse.com/fi/ponsse-studio-presents/world-premiere#/

To see other Ponsse related posts click here.


Follow IFI on Twitter | LinkedIn | Facebook | Instagram

The post World premiere – Ponsse studio presents: a new harvester, a new forwarder & new productivity-enhancing features appeared first on International Forest Industries.

Ponsse’s innovations in responsible timber harvesting

International Forest Industries - Tue, 31/05/2022 - 11:10

Ponsse introduces state-of-the-art innovations to improve the productivity of responsible timber harvesting. The new solutions have been developed together with the customers, listening to their wishes. The PONSSE Scorpion Giant harvester and the PONSSE Mammoth forwarder meet the highest demands of modern timber harvesting in terms of both ergonomics and productivity.

The products now on the market strengthen our position as one of the world’s leading suppliers of responsible logging solutions. The product development of both innovations has been based on better work ergonomics, safety, cab visibility and the usability of the forest machine. We think we have succeeded in these really well, and we are happy to present these new products to our customers here in Surahammar, Sweden today , says Marko Mattila, Ponsse’s Director of Sales, Marketing and Service.

PONSSE Scorpion Giant – power for a wide range of conditions

The PONSSE Scorpion Giant is a giant only in terms of productivity and power. The new harvester will complement the completely revamped Scorpion product family in 2021. Listening to customer needs, the Scorpion Giant has been developed to move agilely in challenging conditions such as snow, steep slopes and soft ground. Scorpion Giant’s new C50 + crane is also in a class of its own in terms of handling large frames.

Although the Giant is the most powerful harvester in the Scorpion product family, we must still remember that Bear is the most powerful of all our harvesters. The absolute strength of the Scorpion Giant is its versatility, it can be utilized in a wide range of construction sites, as the PONSSE H6, H7, H7HD Euca or H8 harvester head is equally suitable for it, Mattila explains.

Unique ergonomics

The ergonomics and usability of the cab have been the main themes of Ponsse’s product development in recent years alongside the development of safety. The PONSSE Scorpion Giant has a one-piece front window that extends to the roof of the cab, offering even better visibility and safe working in all conditions. The cab workspace is practical, and the quiet landscape office has been developed for the comfort and endurance of drivers.

The Scorpion Giant includes advanced solutions familiar from the Scorpion product family. These include greater machine traction and an even more powerful C50 + crane, which, thanks to its fork boom, offers excellent visibility to the felling site. The Scorpion Giant features unique active leveling and stabilization systems familiar from other Scorpion models. The Scorpion Giant is available with a state-of-the-art Opti 5G system and Opti 8 touch screen computer.

The PONSSE Opti 5G information system is the most modern on the market

The PONSSE Opti 5G information system is the most modern on the market. Thanks to its smoothness and speed, it takes the user experience of information systems to a whole new level. The powerful C50 + crane combined with the Opti 5G information system enables a new way to control the crane and make work more efficient with the PONSSE Harvester Active Crane. With the Harvester Active Crane, the operator directly controls the movement of the harvester head instead of the individual functions of the crane, allowing the operator to focus on wood processing instead of crane work.

The optional Harvester Active Crane requires the Opti 5G control system, which is currently available for the Scorpion family of harvesters in certain markets. The availability of Harvester Active Crane will expand to other machine models and market areas in the future.

PONSSE H8 – a new generation harvester head

The new PONSSE H8 harvester head has a strong feed, a strong grip and a solid but agile body. The area of ​​the saw housing is even wider, which makes it even more suitable for trees with a large base expansion. The harvester head is suitable for the strongest PONSSE Ergo, Scorpion Giant and Bear harvesters in the product family. The automatic features of the Opti control automation developed and manufactured by Ponsse control the feed rate of the frame and the movement of the saw according to the diameter of the wood, and guarantee fast and accurate cutting. The Active Speed ​​function allows the speed of operation of the harvester head to be adjusted based on the diameter of the tree species and trunks. Work with the new H8 harvester head is productive and smooth, no matter the size of the trees.

PONSSE Mammoth forwarder – unprecedented load capacity

The high-productivity PONSSE Mammoth forwarder takes Ponsse’s range of forwarders to a new 25-tonne carrying capacity. Equipped with a stepless CVT transmission and a PONSSE K121 loader, Mammoth’s rugged frame construction and powerful hydraulics make it easy to move large bodies and heavy loads, even in challenging terrain.

In Mammoth, ergonomics have been taken into account in all developments

In the PONSSE Mammoth forwarder, the ergonomics of the forest machine operator have been taken into account in all developments. The new forwarder is at its best when driving long distances. The number of runs is reduced when more frames can be imported at one time.

Novelty features to improve productivity

One of the most prominent innovations is the PONSSE Active Seat, a seat function developed from the wishes of forest machine operators. The new Active Seat improves usability by turning the seat and following the working environment as the crane moves, making the forest machine operator’s work more productive. The Active Seat developed by Ponsse is only available for PONSSE forest machines.

PONSSE Mammoth can be equipped with the Active Cabin, a cab damping system developed by Ponsse with a simple and well-functioning cab. It allows the forest machine operator to cope better even with a long shift, as the system dampens the stresses on the cab. Active Cabin is available in addition to Mammoth for Buffalo, Elephant and Elephant King forwarders.

The Mammoth is available with a long rear frame, which makes it easy to transport oversized bodies at plantations in South America, for example. Mammoth has a maximum load capacity of 6.8 or 8.0 m² in the Ponsse product family, depending on the customer’s choice.

PONSSE Active Crane is a forwarder loader management system that allows the driver to control the movement of the grapple instead of individual functions and allows the driver to focus effectively on loader work. The Active Crane is easily controlled with two control levers, one to control the height of the grab from the ground and the other to direct the direction of movement.

The news service PONSSE Active Manual guides and guides you through videos 

The PONSSE Active Manual is a video-based operation and maintenance instruction service to support the daily work of a forest machine operator. Visual PONSSE Active Manual is a mobile operation and maintenance help service that supports the operation and maintenance manual by providing videos alongside the manual. The PONSSE Active Manual can be found in the Apple and Android app stores.

Learn more

Marko Mattila, Ponsse Oyj, Vice President, Sales, Marketing and Service,

phone 0400 596297, marko.mattila@ponsse.com

PHOTOS: https://materialbank.ponsse.com/ui/shares/w19066155/451099/en/

For other Ponsse related posts click here.

Follow IFI on Twitter | LinkedIn | Facebook | Instagram

The post Ponsse’s innovations in responsible timber harvesting appeared first on International Forest Industries.

Södra launches new major initiative – investment of SEK 200 million in innovative companies

International Forest Industries - Wed, 25/05/2022 - 13:24

Södra is launching a major initiative to develop family forestry. Södra will invest in innovative companies that introduce new technologies for forest estates and enable a more multifaceted approach to family forestry.

Södra’s mission is to create markets for the products of its members’ forest estates – today and in the future. Södra will harness the opportunities created by technological advances and bring new know-how closer to forest estates. Södra has formed a new subsidiary, Södra Ädla, to strengthen these efforts – an investment partner focused on the future of family forestry.

Södra Ädla will invest in innovative companies whose business concepts provide direct support for the development and profitability of forest estates and enable a more multifaceted approach to family forestry.

“Development is part of family forestry’s DNA and forest estates have long been an innovation arena. With this initiative we are continuing to build on this history. By investing in innovative companies, we will attract new technologies to forest estates and create more business opportunities for Södra’s 52,000 members. With Södra Ädla, we will lead the development of small-scale forest ownership, provide opportunities for members to broaden their activities and strengthen the value of forest estates,” said Lotta Lyrå, President of Södra.

More investments in family forestry to come

Södra Ädla will invest SEK 200 million in a range of innovative companies that are facilitating or broadening forest ownership through new products and services. The areas of interest range from new products and services to digital solutions – provided they develop or facilitate small-scale forest ownership.

“Family forestry is diverse and new technologies have a huge potential to unleash new opportunities. We are looking into new biodiversity services, improved forest management methods and various financial services. We will spend a lot of time evaluating business models and the potential for impacting our members’ forest estates. We have an exciting time ahead of us,” said Erik Bengtson, Investment Manager for Södra Ädla.

Over the next few years, Södra Ädla is aiming to make 20 company investments and contribute to the commercial development of these companies. As an investor, Södra Ädla will play an active role and contribute expertise in family forest ownership that has been accumulated over many years.

“We want to be an active investor by contributing to the development of these companies through our connection with 52,000 family forest owners in Götaland, a world-class industrial structure and more than 80 years of experience in small-scale forest ownership,” said Bengtson.

For contact or further information, please contact:

Erik Bengtson, Investment Manager, Södra Ädla
Tel: +46 (0)340-63 34 32
E-mail: erik.bengtson@sodra.com

Södra’s Pressroom
Tel: +46 (0)470-890 90
E-mail: press@sodra.com

Read other Södra related posts here.

Follow IFI on Twitter | LinkedIn | Facebook | Instagram

The post Södra launches new major initiative – investment of SEK 200 million in innovative companies appeared first on International Forest Industries.

Astara Capital Partners expands sawmill platform with new investment in Arkansas

International Forest Industries - Wed, 25/05/2022 - 12:48

Astara Capital Partners, LLC (“Astara”) announced May 24, 2022 that it has formed Camden Timbers, LLC (“Camden Timbers” or the “Company”) to acquire and restart the assets of Victory Lumber, LLC (“Victory”), a Southern Yellow Pine sawmill located in Camden, AR. Camden Timbers is Astara’s second sawmill investment in the ACP Lumber Holdings, LLC (“ACP Lumber”) platform following its acquisition of Cross City Lumber, LLC (“CCL”) in April 2021.

Astara began working on the opportunity in 2020 after it was contacted about the mill by a group of sawmill executives with whom Michael Ranson, Astara’s Managing Partner, had worked in the past. This team of executives, led by Brett Bray, was responsible for restarting Caddo River Forest Products (“Caddo River”), another mill in Arkansas where Mr. Ranson and Bob McKagen, CEO of ACP Lumber, served as board members.

Astara’s lumber platform completes add-on acquisition

Mr. Bray, who has decades of experience in the sawmill industry, commented, “I am excited to once again partner with Michael as well as the teams at Astara and ACP Lumber. We have a terrific opportunity to greatly improve the mill’s infrastructure and bring jobs back to Ouachita County and the surrounding area. Our team learned a lot from the Caddo River restart and is proud of the economic contribution that restarting Caddo has made to its local community. We are eager to get to work and make Camden Timbers a success.”

“The Camden Timbers team has developed a comprehensive plan to invest significant capital in the mill,” said Mr. McKagen, “and ACP Lumber is excited to support the project. Brett and his team’s plan will create a preeminent small-log timbers mill that is highly synergistic to CCL and complements our focus on specialty and dimensional lumber.”

Mr. Ranson added, “I’m thrilled to be working again with the same talented executives that made Caddo River a success. Astara is fortunate that both of our sawmill investments are led by teams with whom we have worked in the past. In addition, we remain committed to investing in an industry that fosters sustainability. The pine forests in the southern U.S. are a massive, renewable resource. The carbon-capture benefits of building with lumber are underappreciated and stand in contrast to the carbon emissions generated by alternative construction materials.”

Robinson Bradshaw & Hinson, PA and IceMiller LLP served as legal advisors to ACP Lumber.

More information about Astara can be found at https://astaracapital.com/about/.

Photo : Michael Ranson Astara’s Managing Partner


Follow IFI on Twitter | LinkedIn | Facebook | Instagram

The post Astara Capital Partners expands sawmill platform with new investment in Arkansas appeared first on International Forest Industries.

NZ East Coast: Hybrid forestry model promoted

International Forest Industries - Wed, 25/05/2022 - 12:16

(Gisborne) A hybrid approach of planting both exotics and natives will produce more socio-economic and environmental benefits, says regional leadership governance group Rau Tipu Rau Ora.

At a meeting last week the group presented its “position statement” on managing exotic afforestation incentives consultation submission directly to Minister of Forestry Stuart Nash, who was in Gisborne.

The submisson was made to show the group’s position in relation to the Government proposal, put forward earlier this year, to exclude exotics from the permanent category for Emissions Trading Scheme (ETS) incentives, with submissions closing last month.

Pakihiroa Farms Limited general manager and member of the governance group Hilton Collier officially presented the position statement on behalf of Rau Tipu Rau Ora.

“Our RTRO position was that we did not want to take exotics out of the ETS permanent forest category but if exotics are to be excluded from this category, then there are circumstances where they need to be permitted via secondary legislation,” he said.

The submission document said the Government should enable a more mosaic approach to afforestation — such as planting the right tree in the right place, for the right reason. A hybrid approach allowing growth of both exotic and native species at suitable locations would help recover highly-erodible lands in the region.

Mr Collier said soil erosion was a major issue in Tairāwhiti. With most of the region having land use categories of 6,7 and 8, most areas were deemed to be at risk of erosion. The submission document said fast-growing exotic species were necessary to address such problems in specific sites.

“The current MPI Lookup tables show in 16 years of growth, pine sequesters 443 tonnes of carbon versus 137t from indigenous. At the current price of $75/tonne that’s a significant difference in revenue. The only activity on the worst of class 7 and 8 lands is permanent forest. A mixed regime of exotics and natives should provide short-term soil stability allowing for the transition to indigenous over time,” he said.

RTRO co-chair Selwyn Parata said the group supported efficient land use by thinking of sustainability on a long-term basis.

Source: Gisborne Herald


Gisborne is the first city in the world to greet the sun each morning. Gisborne has a reputation for amazing food, wine / beer and surf beaches. As the unofficial ‘Chardonnay Capital of New Zealand’, Gisborne has a comprehensive wine trail leading to boutique wineries.

The post NZ East Coast: Hybrid forestry model promoted appeared first on International Forest Industries.

Mitsui and Nomura enter agreement to purchase New Forests

International Forest Industries - Wed, 25/05/2022 - 11:09

New Forests, a global investment manager of nature-based real assets and natural capital strategies, has announced Mitsui & Co., Ltd (Mitsui) and Nomura Holdings, Inc (Nomura), have entered into an agreement to purchase a 100% shareholding of New Forests.

The agreement, which is subject to regulatory approval and expected to be completed by December 2022, will see Mitsui become a 49% shareholder and Nomura a 41% shareholder, with the remaining 10% shareholding retained by New Forests’ staff. Mitsui has been a shareholder in New Forests since 2016 and will increase its shareholding from approximately 23% to 49%.

Mitsui and Nomura will provide capital to support New Forests’ strategic growth initiatives and the global expansion of its investment platform.  In addition, New Forests will leverage Nomura’s global distribution network particularly across Japan and more broadly in Asia.

Mitsui and Nomura share New Forests’ commitment to sustainability and vision to see investment in sustainable land use and forestry as central to the transition to a sustainable future—including addressing climate change and the conservation of nature; supporting the transition to a circular bioeconomy; and contributing to the prosperity of communities where New Forests operates.

Hiroshi Kakiuchi, Managing Officer, Chief Operating Officer, Performance Materials Business Unit at Mitsui said, “Mitsui’s investment in New Forests is part of our sustainability strategy to invest in companies who are at the forefront of climate change mitigation and who are positively contributing to communities. We are looking forward to our continued partnership with New Forests and supporting its next stage of growth.”

Yoshihiro Namura, Senior Managing Director, Head of Investment Management Division, at Nomura said, “We have been impressed with New Forests’ leadership and track record in sustainable forestry and land use and see New Forests’ approach to climate change being complementary to Nomura’s business. As a large global financial services group, we play a significant role in helping to solve environmental challenges, and we see investment in sustainable land use and forestry as a key part of the solution.”

As part of this agreement, founder, CEO and Chairman David Brand will continue with New Forests until 30 June 2025 and focus on strategic initiatives and growth opportunities.

David Brand, CEO of New Forests said, “New Forests has achieved a great deal over the past 17 years, growing institutional investment in the forestry asset class and re-imagining the investment opportunities in rural landscapes. The rising need to substantially increase investment in sustainable land use, along with increasing investor interest is creating an opportunity to accelerate the growth of New Forests. I am delighted to have found two partners in Mitsui and Nomura who share in our vision and will provide us the support to further scale our business and provide new opportunities for our clients, stakeholders and our 100 staff.”

Two representatives each from Mitsui and two from Nomura will join the New Forests board of directors, along with two independent directors and an employee nominee director.

Grant Samuel acted as financial advisor and Clayton Utz as legal counsel to New Forests on the transaction. Financial details of the transaction are confidential.

See other ‘New Forests’ related posts here.


Follow IFI on Twitter | LinkedIn | Facebook | Instagram

The post Mitsui and Nomura enter agreement to purchase New Forests appeared first on International Forest Industries.

Stora Enso, Tornator and WWF launch cooperation for forest streams in Finland

International Forest Industries - Tue, 24/05/2022 - 13:23

Stora Enso, Tornator and WWF Finland have launched a three-year cooperation to improve the condition of Finland’s freshwaters forest streams and to conserve and protect their species. The first voluntary work will take place in summer 2022.

The aim of the cooperation is to restore habitats in small waterbodies, mainly in forests, closer to their natural state. This will strengthen the biodiversity of Finnish nature. Stora EnsoTornator and WWF Finland will identify suitable restoration sites in areas owned by Tornator. Stora Enso’s and Tornator’s employees will have a chance to participate in the practical voluntary work together with WWF experts.

Through the joint restoration work their aim is to conserve and restore freshwaters such as streams and rivers, improve habitats for aquatic species, and remove migration barriers such as culverts that function as waterways under road banks. Culverts that are installed too high block trout and other freshwater species from reaching their spawning grounds.

Streams close to their natural state are important habitats for forest and aquatic species. In addition to migratory fish, endangered water insects, mosses, crayfish, and mussels, among others, depend on free-flowing waters. At the same time, many forest species benefit from the improved condition of freshwaters.

The new cooperation is part of Stora Enso’s biodiversity programme in Finland

In Finland, streams that have biggest restoration potential are located in forests. It is therefore only natural that Tornator, Finland’s largest private forest owner, and Stora Enso partner with WWF in this new initiative.

Managing forest biodiversity is an important part of Stora Enso’s and Tornator’s daily forest operations. Cooperation with WWF Finland is part of Stora Enso’s and Tornator’s biodiversity programmes.

“Our biodiversity programme in Finland brings together nature management measures that improve habitats for endangered species and water protection. The cooperation for forest streams is a new step in our biodiversity work and a great continuation of our long-term partnership with WWF Finland and Tornator. Working for healthy forests and water systems is a matter close to the hearts of our forestry professionals, and we are already looking forward to the start of the joint restoration work,” says Pekka Kallio-Mannila, Head of Sustainability, Stora Enso Forest Finland.

The partnership will also help increase awareness among private forest owners about the need to protect freshwater species and habitats. WWF will provide instructions on the identification and removal of migration barriers so that forest owners can continue restoration work on their own land after the project is completed.

“We are delighted to be working with two major Finnish forestry companies, as they have excellent potential to improve the biodiversity of freshwaters. Together, we can make a significant positive change that would not be possible without business cooperation,” says Liisa Rohweder, Secretary General, WWF Finland.

“Stream restoration on Tornator-owned sites will make the Tornator biodiversity programme more effective in combination with its other objectives, such as peatland restoration and water protection measures,” says Heikki Myöhänen, Environmental Manager, Tornator.

The new business cooperation is part of WWF Finland’s broader long-term work to improve freshwater environments to achieve good ecological condition of small waterbodies and freshwaters in Finland by 2030.

Photo: Pekka Kallio-Mannila, Head of Sustainability, Stora Enso Forest Finland

Click here for other Stora Enso, Tornator and WWF related posts.


Follow IFI on Twitter | LinkedIn | Facebook | Instagram

The post Stora Enso, Tornator and WWF launch cooperation for forest streams in Finland appeared first on International Forest Industries.

Early Bark Beetle Detection

International Forest Industries - Tue, 24/05/2022 - 12:30
Beating the Bark Beetle with Satellite Analytics

Berlin, 25 May 2022

Managing and monitoring forests is challenging. They typically cover vast areas while problems like bug infestations occur locally, with devastating effects to the ecosystem and economic damage to the owners. Satellite analytics and solutions company LiveEO today announced a product based on satellite data and AI that enables forest owners to mitigate those risks.

Recent increases in wood prices that trickled down in countless other industries showed the significance of wood as a natural resource. At the same time, forests are prone to Bark Beetle-infestations and storm damage – both of which are expected to grow in severity due to climate change and are, in fact, interlinked, since fallen trees are optimal habitats for the bugs.

Forest stress detection is currently done mostly through manual inspection on the ground. Given the large areas they cover, and the limited resources available, problems are often detected too late with the window for mitigation already closed. In Europe alone, damage to forests and costs for reforestations are in the order of billions per year.

LiveEO today announces a solution that uses multispectral satellite data to solve this problem. The AI-powered solution will enable forest owners to timely detect and stop spreading of bug infestations during their attack phase. The early detection of the animals will help secure the rapidly deteriorating value of damaged trees.

Developing the new product, LiveEO drew from over four years of experience and technological excellence developed providing vegetation management solutions to infrastructure operators.

Like the company’s other products, LiveEO’s Forestry solution has been developed in close exchange with industry players and with a laser focus on the specific challenges and ways of working of forest owners, to deliver actionable insights in an end-to-end solution.

LiveEO will showcase the beta version of its Forestry solution for the first time to a public audience in their Product Showcase Event on June 8th. Parties interested in Beta-testing the new product are invited to reach out directly to Manuel Gremblewski (manuel@live-eo.com), Business Development, or via live-eo.com.

Follow LiveEO on LinkedIn and Twitter.

About LiveEO

LiveEO is bringing Earth Observation to enterprise customers starting in the infrastructure sector. LiveEO utilizes satellite technology to monitor large infrastructure networks globally and empowers the operators to save operational expenses by observing dangers from external threats. By using AI, the company generates overviews of thousands of kilometers for decisions on the management level and information for the worker on the ground via a front-end and mobile app. LiveEO’s goal is to monitor every major infrastructure grid until 2025. The company has around 90 employees and has offices in Berlin, New York, and Latvia.


Follow IFI on Twitter | LinkedIn | Facebook | Instagram

The post Early Bark Beetle Detection appeared first on International Forest Industries.

Mirax Group to Acquire Avalon Dryland Sort in Port Mellon, BC

International Forest Industries - Wed, 18/05/2022 - 13:33

Mirax Group has announced that it has reached an agreement to acquire Interfor Corporation’s Avalon Dryland Log Sort (“Avalon”) assets located in Port Mellon, BC, and will operate through a wholly-owned affiliated company, Avalon Log Sort Inc. Pursuant to the Agreement, Mirax Group will acquire all real property assets of Avalon and will retain all employees.

Avalon is situated on an approximately 14-acres of fully-paved waterfront land in Port Mellon, BC, which includes approximately 55-acres of foreshore leases for log handling, booming and tie-ups. The acquisition of Avalon will provide another asset that would enable the Mirax Group to fulfill its goal of becoming a more vertically integrated forest company. Avalon will be operated as a fully custom dryland log sort and will welcome volume from other timber companies and brokers as well as Mirax’s own volume for its sawmill division on the Sunshine Coast. Having already established operations on the Sunshine Coast, this purchase will complement our recent acquisition of forested waterfront and booming grounds at Gambier Island, adjacent to Avalon.

“We are very excited with the addition of Avalon to our family. This purchase expands our existing presence on the Sunshine Coast and we look forward to welcoming Avalon’s employees to our organization.” – Jas Binning, CEO, Mirax Group.

The completion of the transaction is subject to customary conditions and is expected to close in the beginning of third quarter in 2022.


The Mirax Group is a privately owned family-based company founded in 1997 and has grown to over 500 employees throughout British Columbia with operations expanding to Forestry, Lumber Manufacturing, Lumber value-added operations and Marketing, Agriculture, Real Estate and Development, and Hospitality. Our organization is about creating new relationships and our communities prospering, creating local jobs and local economic benefit, and strategic partnerships.

Media Contact Parm Binning, VP of Business Development parm@miraxgroup.ca

Bill Waugh, VP of Forestry, Log Supply (604) 807-6844 (604) 813-0779 Bill@miraxgroup.ca


See other Acquisition related posts here.

Follow IFI on Twitter | LinkedIn | Facebook | Instagram

The post Mirax Group to Acquire Avalon Dryland Sort in Port Mellon, BC appeared first on International Forest Industries.

New Global Partnership Announced At World Forestry Congress

International Forest Industries - Wed, 18/05/2022 - 13:02

As governments around the world turn to the benefits of sustainable forest management and forest products to support climate action and post-pandemic economic recovery, a new agreement struck recently at the World Forestry Congress in Seoul will help advance forestry solutions and policy dialogue around the world – The United Nations Forum on Forests (UNFF) Secretariat and the International Council of Forest and Paper Associations (ICFPA) announced a new partnership that will make ICFPA the focal of the forest sector globally, providing a framework for the two organizations to work together to discuss and implement forest-related policies and agreements that are good for people and the planet.

“The United Nations Strategic Plan for Forests 2017-2030 calls for a world where forests are sustainably managed, contribute to sustainable development, and provide economic, social, environmental, and cultural benefits for present and future generations. An estimated 1.6 billion people, or 25% of the global population, rely on forests for their subsistence needs, livelihoods, employment, and income. The private sector is fundamental in the promotion and implementation of sustainable forest management, so working with our partners in the forest industry will be critical to our ultimate success and we are delighted to have ICFPA supporting the UN Forum on Forests in this important work,” says Barbara Tavora-Jainchill, Programme Management Officer, Forest Affairs for the United Nations Forum on Forests Secretariat.

“There is no path to a lower carbon economy without sustainable forest management and sustainably sourced forest products. This new collaboration between ICFPA and UNFF will allow us to advance policy insights and learnings across international borders to build a resilient global economy – one that creates greater economic and social opportunities for the nearly 2 billion people who live in or near forested communities around the globe,” says Derek Nighbor, President, International Council of Forest and Paper Associations.

See other Sustainability related posts here.

Follow IFI on Twitter | LinkedIn | Facebook | Instagram

The post New Global Partnership Announced At World Forestry Congress appeared first on International Forest Industries.

Ponsse manufactures its 18,000th forest machine

International Forest Industries - Wed, 18/05/2022 - 12:28

The 18,000th PONSSE forest machine was completed at Ponsse’s factory in Vieremä. After its handover, the PONSSE Elk will be operated by VMC Bois in France.

“The highly demanding harvesting industry calls for solid professional skills, determination and close cooperation. These are also the characteristics of our partnership with VMC Bois. It feels really good to deliver this machine to VMC Bois, and I would like to thank them for our excellent cooperation,” says Marko Mattila, Sales Marketing and Service Director.

“We started our cooperation with Ponsse after we purchased a used PONSSE Ergo a few years ago. We continued our partnership by buying a few new machines, and today we received the 18,000th PONSSE machine here in Vieremä. Our cooperation has been productive, and we are very satisfied with our partnership,” says Alexandre Collomb, one of the three owners of VMC Bois.

VMC Bois owns four PONSSE machines, and it mainly operates in eastern parts of Central France. Established in 2009, the company currently has 27 employees. VMC Bois is also engaged in sawmill operations, generating energy from chips.

PONSSE Elk – a versatile and agile forwarder

PONSSE Elk is a highly versatile and agile forwarder in the smaller midsize class. Elk offers an unprecedented load-carrying capacity in its size class, and its fuel-efficient engine and large fuel tank extend the refuelling interval. It is safe to say that Elk is an excellent machine for thinning sites where the machine needs to cover long distances. Elk’s responsive engine, impressive torque and sturdy loader make working comfortable, especially when the operator can enjoy the most spacious cabin on the market, including ergonomic controls.

Entered in serial production in 2005, more than 1,000 PONSSE Elk forwarders have been completed, delivered to over 20 countries and tested in real-life conditions across the globe.

Starting as the dream of Einari Vidgrén, Ponsse is a family-owned business that now operates in the harvesting markets of over 40 countries. Environmentally friendly harvesting and customer-driven R&D are strongly emphasised in Ponsse’s business. All PONSSE forest machines are still manufactured in the company’s birthplace in Vieremä in Northern Savonia, Finland.

Further information:

Marko Mattila, Sales, Marketing and Service Director, Ponsse Plc, +358 400 596 297, marko.mattila@ponsse.com

See other PONSSE related posts here.

Follow IFI on Twitter | LinkedIn | Facebook | Instagram


The post Ponsse manufactures its 18,000th forest machine appeared first on International Forest Industries.

NZ – Forest360 Log export market update

International Forest Industries - Wed, 18/05/2022 - 11:49

Stability and consistency have never really been ideals that our industry has conformed to, and this year is no different. Although the May at wharf gate (AWG) export prices are very similar to those offered in April (mid to high $120’s/m3 for A grade), the underlying variables that make up those prices are vastly different. The variable that has had the biggest influence on the AWG price in the last 12 months has been shipping with freight costs ranging from $US40/m3 to $US85/m3. It would be easy to point the finger squarely at fuel cost and while it’s a massive factor, it’s not the whole picture. To put some figures around the cost of fuel and it’s affect on log prices, a log vessel will generally take 17 days to steam to China with a fuel burn of around 25 tonnes of Bunker oil per day, enough to give Greta Thunberg a hernia. This is a total trip usage of 425 tonnes of fuel and at current fuel costs of $US933 per tonne that’s around $NZ620,000 for the one-way trip. Average payload is around 33,000 tonnes of logs so quick calculations are a fuel cost of $NZ18.80/m3 for fuel alone.

As vessels are generally paid for on a time basis, any non-productive wait times outside of loading or unloading increases the m3 unit cost. As NZ ports grapple with covid absenteeism and a general lack of staff anyway, the ability to unload and load vessels has been impacted creating wait times around the country. In addition, the EPA has effectively ruled out the use of methyl bromide, the only fumigant accepted by China for the top deck cargo (around 1/3 of the vessels cargo) which has resulted in the industry moving to debarking of all deck stowed logs as a substitution. While debarking sounds like a better option, in reality you can’t build one overnight and therefore exporters are scrambling to secure top deck cargos where they can. As the Port of Tauranga has the most available debarked volume, vessels are waiting up to 2 weeks at Tauranga waiting for a load due to congestion – at $US35,000/day or $NZ1.65/m3/day.

Thankfully, the NZ dollar has been playing ball with a drop not seen since the first round of covid lockdowns which has helped offset some of the freight cost increases. This will be cold comfort to Grant Robertson as the direct impact of the depreciated dollar will keep the foot firmly on the inflation throttle.

The China covid elimination strategy hasn’t gone so well in recent weeks with some very hard lockdowns in some of the busiest cities in China. This has flowed through to weak demand as its pretty hard to convert logs to lumber from your 30m2 apartment in Beijing. We are expecting to see reasonably sharp increases in inventory if the lockdowns continue through May, which is likely as the Chinese govt don’t like to admit defeat, even if the general population is starting to lose its sense of humor with being locked down. Supply from NZ is down on previous months due to port constraints, subdued returns and a general level of unease by forest owners regarding global stability. Global supply is also lackluster is not expected to increase from current levels for the remainder of the year which bodes well for NZ and the potential for price increases through Q3.

Increased fuel costs also are starting to bite harvesting and cartage contractors, and many are passing on this cost in the form of fuel adjustment factors (FAF). Your average harvesting crew will chew through around 4 litres of diesel per tonne of log and, with around $0.82/litre increase in the last 12 months, you’re looking at harvest cost increases in the order of $3.28/tonne. Greta also hates trucks as they generally only get around 1.6km per litre on average which equates to 1.9 litres of fuel per tonne per 100km. Using the same increase in fuel cost and an average cartage distance of 150km from forest to mill or port, the actual increase in cartage cost is $2.33/tonne. Add these together and over the last 12 months you’re contributing and additional $5.60 per tonne or around $3,000/ha to the fuel producers’ bottom line. How long the increased fuel costs last is anyone’s guess but so long as the wee man in Russia keeps lobbing bombs at his neighbours we’re more than likely stuck with it. Any reductions that were provided through govt concessions in excise tax and road user charges have been countered by the exchange rate which has increases the cost of all imports.

Domestic log demand remains buoyant for both pruned and unpruned sawlogs. Many mills have mirrored other parts of the supply chain with large staff absenteeism due to covid which has impacted production. The building industry will likely blame log exports for timber supply issues again, however, thankfully, the Gib suppliers have taken the heat away from us which is much appreciated.

Source: Forest360

See previous Log Export posts here.

Follow IFI on Twitter | LinkedIn | Facebook | Instagram


The post NZ – Forest360 Log export market update appeared first on International Forest Industries.

John Deere suspends shipments to Russia

International Forest Industries - Wed, 18/05/2022 - 11:19

Recent Statement John Deere suspends shipments to Russia – John Deere is deeply saddened by the significant escalation of events in Ukraine. The safety, welfare, and well-being of our employees in the region remains our top priority, and we continue to support and maintain close communication with our affected teams, providing necessary resources when possible.

Our thoughts are with our employees, their families as well as our dealers, customers and all those impacted by this crisis. Two weeks ago, we suspended shipments of machines to Russia and then subsequently, Belarus.

We continue to monitor the situation closely while we fully abide by U.S. and international sanctions. The John Deere Foundation has additionally been working directly with a number of organizations, including multiple UN agencies, to mobilize resources to support Ukrainians impacted by the crisis. Our mission is, and always has been, to help our customers feed the world.

For all other Russia related posts click here.

Follow IFI on Twitter | LinkedIn | Facebook | Instagram

The post John Deere suspends shipments to Russia appeared first on International Forest Industries.

Setra Group invests in TC kilns from Valutec to two Swedish sawmills

International Forest Industries - Wed, 18/05/2022 - 10:42

Just under two years ago, Setra Hasselfors became the first sawmill within the Setra Group to invest in Valutec TC drying technology. Now they are investing in new TC wood drying kilns for both Hasselfors and the sawmill in Heby, both located in Sweden.

“The properties of the TC continuous kiln fit well into the Setra Greenness philosophy. They offer the precision of the batch kiln in combination with high capacity and efficient heat recovery. Another bonus with it is that we don’t get tied to one batch size if we’d like to switch to larger ones in the future to reduce handling and further increase drying capacity,” says Jonas Fintling, Site Manager at Setra Hasselfors.

Setra Hasselfors in Sweden is a respected spruce sawmill established in 1908. In 2021, it produced approximately 345,000 m3 and the products are delivered to customers in Europe, the USA and Australia. The investment will increase the sawmill’s drying capacity by approximately 150,000 m3, which enables a planned production increase to approximately 500,000 m3. It will also be the first sawmill in Scandinavia with two TC kilns in one and the same sawmill.

The swedish sawmill Setra Heby was established in 1915 and 260,000 m3 was sawn in 2020. A large part of the production goes to Setra’s CLT and glulam factory in Långshyttan but the sawmill also exports dried-down goods mainly to France and Germany. The investment in a TC continuous kiln with a capacity of approximately 145,000 m3 is being made partly to replace older kilns and partly to increase drying capacity. With the new dryer in place, Setra Heby will have a drying capacity of approximately 320,000 m3.

“We looked at different types of kilns and the TC kiln was best suited for the flow we have in Heby. It’s also good from a sustainability perspective, as with the same energy consumption, we will increase our drying capacity”, says Jan-Erik Johansson Vik, Site Manager at Setra Heby. He adds:

“The price is important when making an investment but you mustn’t fixate on it. With Valutec, we are getting a secure and developing partner who offers good service and delivery security.”

The kiln in Heby will begin assembly during the summer and in Hasselfors, assembly will begin in February next year. Jon Lindberg, Sales Manager at Valutec is looking forward to delivery:

“We already cooperate well with Setra and I look forward to us continuing to develop their drying capacity together.”

The TC kilns are delivered with Valutec Valmatics 4.0 control system, which enables the TC kiln functions to be utilised fully. Valmatics 4.0 is the only control system that combines simulator technology with adaptive control and which enables optimisation of capacity, quality and energy consumption simultaneously.

With these investments, Setra Group is following a clear trend in the world of sawmills. The new generation of Valutec TC kilns has been sold worldwide in recent years, opening up new markets for the company.

“What lies behind this technological leap is thousands of hours of development where we studied, evaluated, tested and invented new things in all parts of a sort of lumber kiln that, in its first form, was used as early as 1927”, says Robert Larsson, CEO of Valutec.

The big improvement is in the way to control temperature and airspeed individually in different zones using integrated simulator technology. Thanks to its development, the sawmill can choose with a high degree of freedom the dimensions of the lumber to be dried, something that has not previously been possible in a continuous kiln.

TC is the abbreviation of the Swedish for “cross circulation”. The principle is based on the lumber package being fed lengthways through zones in which the air circulates laterally across the drying channel. This enables the separate regulation of the climate in different zones according to a schedule that comes very close to the ideal schedule of a batch kiln.

For additional information, please contact:
Jon Lindberg, Sales Manager
+46 910-879 50

Robert Larsson, CEO
+46 910-879 50

Jan-Erik Johansson Vik, Site Manager
Setra Heby
+46 224-368 00

Jonas Fintling, Site Manager
Setra Hasselfors
+46 585-485 00

Read other Setra Group related posts here.

Follow IFI on Twitter | LinkedIn | Facebook | Instagram

The post Setra Group invests in TC kilns from Valutec to two Swedish sawmills appeared first on International Forest Industries.

Renewable energy generated by Magnon avoided more than 335,000 tons of CO2 in 2021

International Forest Industries - Tue, 17/05/2022 - 13:27

Thanks to the renewable energy generated at the plants of Magnon Green Energy, an energy subsidiary of the Ence Group, it has been possible to avoid the emission of more than 335,000 tons of CO2 into the atmosphere last year.

In the Magnon plants, located in Andalusia, Castilla-La Mancha and Extremadura, renewable energy is generated daily from biomass. In this process, the agroforestry remains of the areas close to each facility are valued, which, otherwise, could become an environmental problem, among other reasons, due to a possible uncontrolled burning due to their accumulation in the field.

This technology contributes to providing stability to the electrical mix thanks to its manageability, a characteristic that distinguishes it from other renewable energies, which are completely dependent on the weather. Thus, hand in hand with electricity production technologies such as biomass, Spain will achieve the decarbonisation objectives set at a European level, while at the same time advancing on the path towards a fair energy transition.

Magnon, therefore, is an important actor in the achievement of the sustainable development objectives established within the framework of the 2030 Agenda, especially for those focused on the production of clean and non-polluting energy, climate action and climate change. of a productive model and, in the social field, to the generation of quality employment and the promotion of equal opportunities.

In fact, biomass generation is an important piece in the fight against the so-called “emptied Spain”. Thanks to the Magnon plants, around 6,650 direct, indirect and induced jobs have been created in rural areas – according to data provided by the Association of Renewable Energy Companies (APPA) – Sustainable and quality employment, which prevents the depopulation and de-industrialization of the rural world, especially in the 5 provinces in which it operates – Huelva, Córdoba, Jaén, Ciudad Real and Badajoz.

Read other Renewable energy posts here.

Follow IFI on Twitter | LinkedIn | Facebook | Instagram

The post Renewable energy generated by Magnon avoided more than 335,000 tons of CO2 in 2021 appeared first on International Forest Industries.

Stora Enso divests its packaging operations in Russia

International Forest Industries - Tue, 17/05/2022 - 13:01

Stora Enso has divested its three corrugated packaging plants in Russia. The Company’s Lukhovitsy, Arzamas and Balabanovo packaging plants have been divested to local management.

Stora Enso’s assessment is that due to the uncertainties in the Russian market, local ownership and operation will provide a more sustainable long-term solution for these businesses and their respective employees.

The transaction will have no material impact on Stora Enso’s annual sales and Operational EBIT. Due to reduced business prospects for these businesses, an impairment loss of EUR 35 million was recorded in the first quarter result. The additional loss on the transaction under IFRS will be approximately EUR 55 million, consisting mainly of currency translation adjustments to be recorded at the closing date. The expenses are considered as items affecting comparability.

The divested sites are located in Lukhovitsy, Arzamas and Balabanovo employing approximately 620 people and have a total annual capacity of 395 million m² of corrugated packaging. The sites primarily produce corrugated packaging for grocery, home improvement, confectionery and pet food segments in the domestic Russian market.

Stora Enso announced on 2 March 2022 that it would stop all production and sales in Russia until further notice. On 25 April, Stora Enso announced the divestment of its two sawmills and forest operations in Russia to local management.

For further information, please contact:
Carl Norell
Press officer
tel. +46 72 241 0349

Investor enquiries:
Anna-Lena Åström
SVP Investor Relations
Tel. +46 70 210 7691

Part of the global bioeconomy, Stora Enso is a leading provider of renewable products in packaging, biomaterials, wooden construction and paper, and one of the largest private forest owners in the world. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has approximately 22,000 employees and our sales in 2021 were EUR 10.2 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com

Read other Stora Enso related posts here.

Follow IFI on Twitter | LinkedIn | Facebook | Instagram


The post Stora Enso divests its packaging operations in Russia appeared first on International Forest Industries.

Board member changes announced

International Forest Industries - Tue, 17/05/2022 - 12:41

Craig Dawson and Amy Humphreys were elected to the Board of Directors (Board) following the our Annual Shareholders’ Meeting on May 5, 2022. In addition, Richard (Rick) Fleming retired from the Board after nine years of service.

Craig Dawson currently serves as president of Retail Lockbox, Inc., an industry leader in remittance processing, credit card payments, and document management services, which he co-founded in Seattle, WA. Prior to this role, he held a number of senior positions with Unisys Corporation. Dawson is the past chair and board member of the Federal Reserve Bank of San Francisco, Seattle Branch. He is the past president of Tabor 100, a non-profit organization which focuses on creating initiatives for CEOs of minority-owned businesses. Dawson is the recipient of numerous business and community awards, including most recently, Seattle Business Magazine’s 10 to Watch (2021) and Puget Sound Business Journal’s Power 100 (2020). He attended Pepperdine University and holds a bachelor’s degree in Business Administration from the University of Washington School of Business.

Amy Humphreys has 25 years of experience in manufacturing, commodities, global marketing, and distribution, including holding executive leadership positions with large privately held companies across multiple industries, such as seafood, dairy, and petroleum. She has served on multiple boards, including directorships with Red Lion Hotels Corporation and Philly Shipyard ASA, a public company listed on the Oslo Stock Exchange. She is a licensed CPA in the state of Washington. Humphreys earned her bachelor’s degree in Accounting and Finance from University of Puget Sound and an MBA from University of Washington School of Business.

Rick Fleming joined the Board in 2013 when the Company completed its IPO. He was the Chief Financial Officer of USG Corporation for approximately 18 years and was its EVP, CFO from 1999 until his retirement in 2012. Prior to that, he was employed by Masonite Corporation, which was acquired by USG in 1984.

“We are pleased to welcome Craig and Amy to the Board of Boise Cascade,” said Tom Carlile, chairperson. “Each of these accomplished leaders bring a wealth of experience in strategy and operations. Their unique perspectives, insights, and guidance will complement our current Board. We look forward to their contributions.”

“Rick has reached the Board’s mandatory retirement age. He brought strong financial acumen and industry insights to the Board,” continued Carlile. “We sincerely thank him for his leadership and guidance and wish him all the best.”

Media contact: Lisa Tschampl, 208-384-6552
Investor contact: Kelly Hibbs, 208-384-3638

About Us

Boise Cascade Company is one of the largest producers of engineered wood products and plywood in North America and a leading U.S. wholesale distributor of building products.

See other Boise Cascade Company related posts here.

Follow IFI on Twitter | LinkedIn | Facebook | Instagram

The post Board member changes announced appeared first on International Forest Industries.


Subscribe to ForestIndustries.EU aggregator - Latest News

by Dr. Radut