South Africa, Apr 15, 2011 - Mondi is pleased to announce the signing of a new €750 million, 5-year revolving multicurrency credit facility to refinance its existing €1.55 billion credit facility that was due to mature in June 2012. This completes the refinancing of its €1.55 billion facility...
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UK, Apr 14, 2011 - International technology Group ANDRITZ has received an order from Holmen AB’s subsidiary Iggesund Paperboard Ltd. to deliver a biomass boiler island for Iggesund Paperboard (Workington) Ltd. in Cumbria, United Kingdom. Commissioning and start-up of the boiler are scheduled for...
The construction of woodworking plant for processing of low-grade timber and production of wood particle boards and MDF will be jointly conducted with the company «Kastamonu Entergre». The production will be launched at the territory of exclusive economic zone «Alabuga». The project cost is...
BARAMA Company Limited yesterday gave assurance that it will recommence plywood operations for local consumption in June and for overseas by December, as it seeks to re-employ some of the displaced workers sent home after the closure of the plywood plant.
South Africa, April 7, 2011 - Mondi Group today announced its intention to separate its interest in Mondi Packaging South Africa (MPSA) via a demerger whereby all the ordinary shares in MPSA held by Mondi Limited will be distributed to the Mondi Limited ordinary shareholders. MPSA would be listed...
Recent trends indicate that there have been significant growths in Canadian forestry from Chinese investors.
The Forest Products Association of Canada (FPAC) is pleased to announce the launch of a new Bio-pathways Partnership Network aimed at exploring new business ventures that will help exploit the economic opportunities of the emerging bio-age. Network participants will come from such sectors as...
Finland, April 7, 2011 - The forest industry purchased one million cubic metres of timber from private forests in March, almost a third more than in February. Birch pulpwood must be imported, because the supply in Finland is insufficient. Demand for timber is good and there’s particular interest...
Graz, Austria, Apr 4, 2011 - Two P-RC APMP mechanical pulping lines delivered by ANDRITZ to APP’s mill in Jingui, Guangxi Province, China, have been started up in record time. The guaranteed production of 750 admt/d was achieved within only 2.5 months for Line #1 and 1.5 months for Line #2. This...
Brussels, Belgium, Mar 2011 - Sappi Fine Paper Europe envisages the closure of its Biberist Mill in Switzerland in response to market conditions and sustained increases in input costs and begins consultations As a result of continued overcapacity in the European Coated and Uncoated Fine Paper...
Hakan Ekstrom, a principal of United States-based Wood Resources International in an article this week said reconstruction of up to 150,000 buildings in northern Japan in the wake of the earthquake and tsunami that hit Japan on 11 March 11 will boost NZ log exports.
The American Forest & Paper Association (AF&PA) released five goals for the forest products industry to be more environmentally sustainable, including work to increase the amount of fiber procured from certified forest lands and to promote polices worldwide that reduce illegal logging.
URS has released the December quarter 2010 edition of the Australian Timber Market Survey(TMS) report. The TMS reports on domestic softwood and hardwood timber product price movements collected through an extensive survey of timber purchase prices from timber wholesalers and merchants in...
Ongoing unrest in the Middle East has caused a surging oil price which is now being passed on to exporters in the form of rising shipping costs. The halting of exports from Queensland following the floods, saw shipping costs lower in January and through into February as supply outgrew demand....
The Wood First initiative started in British Columbia. Their provincial government passed the Wood First Act in 2009 that requires wood to be considered as the primary building material in all new publicly-funded buildings, such as schools, libraries or sports complexes. The goal of the Wood...
Graz, Austria, Mar 29, 2011. Today’s 104th Annual General Meeting of Shareholders of ANDRITZ AG agreed to a dividend payment of 1.70 Euros per share for the 2010 business year, which is an increase of 70% compared to the dividend for the 2009 business year (1.00 Euro per share). Ex-dividend date...
Seattle, USA. The earthquake and tsunami that hit Japan on March 11 is first and foremost a humanitarian tragedy that is difficult to comprehend. Over 10,000 people died during and in the immediate aftermath; more than 400,000 people lost their homes and 100-150,000 buildings were destroyed. The...