Tag Archives: Timber

Koskisen to invest in new log yard in connection with sawmill

The wood products company Koskisen will continue to develop Sawmill Industry’s production and has decided to invest in an eight-hectare log yard in connection with the new sawmill in Järvelä. The investment includes a log sorting yard and line with control rooms, as well as a stormwater treatment system. In addition, a new access route […]

West Fraser to sell Hinton Pulp in Alberta to Mondi Group

West Fraser Timber Co. Ltd. announced an agreement to sell its unbleached softwood kraft pulp mill in Hinton, Alberta to Mondi Group plc, a global company in sustainable packaging and paper. The transaction establishes a long-term partnership between the two companies in the region. Pursuant to the transaction, West Fraser will continue to supply fibre to the Hinton […]

Opal Considers Closure of White Paper Operations at Maryvale Mill Due to Wood Fiber Supply Shortage

Opal Australian Paper announced that it is “seriously considering” closing the “white side operations” (inkjet, printing and copy paper) of its Maryvale pulp and paper mill due to a supply shortage of timber used for the production of pulp. The mill is located in Maryvale, Victoria, Australia. Opal said it has been working to address […]

CatchMark Timber Trust sells 18,063 acres of Oregon timberlands

CatchMark Timber Trust, Inc.announced a definitive agreement to sell 18,063 acres of prime Oregon timberlands – known as the Bandon property – for $100 million in cash, or approximately $5,536 per acre, to Roseburg Resources Co. CatchMark purchased the property in August 2018 for $88.8 million, or $4,916 per acre, exclusive of transaction costs. The company expects to recognize a gain on the sale in excess of $20 million in […]

Russia’s Segezha Group to suspend production of pulp at its flagship Karelia mill by 2024-2025

Segezha Group, one of Russia’s largest timber holdings, will suspend the production of pulp at Segezha Pulp and Paper Mill in Karelia after the launch of a new enterprise of the Segezha West project by the end of 2024 – early 2025, according to recent statements, made by Mikhail Shamolin, head of Segezha Group during […]

Eacom pledges multi-year support for the Gogama local service board project

EACOM Timber Corporation announced a multi-year commitment to the Local Services Board of Gogama to contribute towards the purchase of new boilers for the Community Centre building and a backup generator for the Gogama water treatment plant. Home to over 300 residents and many EACOM employees, the community is a key partner in EACOM’s operations. […]

Russia’s Segezha Group may raise as a result of IPO

Segezha Group, one of Russia’s largest timber holdings, may conduct an IPO already in the short-term. As a result of IPO, the main owner of Segezha Group, the Russian financial conglomerate AFK Sistema, plans to raise up to US$500 million, that will be used for the further development of the company, particularly some of large-scale […]

Taigatech uses artificial intelligence to track logs

Taigatech has developed a unique technology that, in a cost-effective and time-efficient way, can recognize a log with the help of artificial intelligence, which makes it possible to recover more timber per sawn log. The company now becomes a member of the bioeconomy cluster Paper Province. Taigatech, from Sweden, has developed a recognition technology that […]

Valmet to improve container board production at Arkhangelsk pulp and paper mill

Valmet will supply Valmet IQ Quality Control System and Valmet IQ Moisturizer to Arkhangelsk Pulp and Paper Mill, Jsc, in Novodvinsk, Russia. The new system will be installed onboard machine BM1 to improve the overall quality of the cardboard and the cross-directional moisture profile, thus increasing productivity and profitability in operations.   The order was […]

Russia’s leading timber holding Segezha Group may invest $500 million in its further development in years to come

Segezha Group, one of Russia’s leading timber producers, which is owned by a local financial conglomerate AFK Sistema, may invest up to US$400-500 million in its further development during the next several years, which will take place through the raise of funds from IPO and that will be conducted on the Moscow Stock Exchange this […]