Miscellaneous

Home Depot suffered slight decline in earnings

30.08.2019 − In the second quarter of its 2019/2020 financial year (end of January), the US DIY group The Home Depot suffered a slight decline in earnings for the first time in quite some time.» more

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Lumber Liquidators adjusts forecast for 2019 downwards

30.08.2019 − US flooring and timber trading company Lumber Liquidators has adjusted its forecast for the entire period of 2019 downwards. » more

Klöpferholz intends to invest around €35m

29.08.2019 − Timber wholesale company Klöpferholz is currently restructuring various sales and storage locations and, in parallel, making extensive investments.» more

CEO Sundström to leave Stora Enso

27.08.2019 − CEO Karl-Henrik Sundström yesterday informed the Board of Directors of Finnish Stora Enso of his intention to leave the company during the first quarter of 2020.» more

Holz-Her: Reid becomes President North American

26.08.2019 − Within the Weinig Group, Brett Reid was appointed President of the newly created North American region for Holz-Her.» more

Chinese companies snapping up fewer firms in Europe

21.08.2019 − A downturn in Chinese acquisitions in Europe that has emerged since 2017 actually intensified during the first half of 2019. » more

RAM: forest products operating loss deteriorates

19.08.2019 − Following an operating loss in the first three months of, the forest products business division of US wood group Rayonier Advanced Materials Inc. (RAM) plummeted even further into the negative zone.» more

Weinig posts record sales revenue of 463m € in 2018

14.08.2019 − At a total of roughly 463m €, Weinig group not only achieved 9.5 % growth in sales revenue against 2017 in its business year 2018 but reached a new record figure as well. » more

Nurminen: more frequent block trains to China from July

09.08.2019 − In the second half Nurminen Logistics is intensifying container train services between Helsinki and the Chinese city of Hefei.» more

Weyerhaeuser returns to profitability

09.08.2019 − Weyerhaeuser was back in the black with a US$128m profit in the second quarter of 2019 after booking a sizeable net loss of US$286m in the first three months. » more

Slight reduction in Siempelkamp’s receipts of orders

05.08.2019 − The orders received by the “Machine and plant engineering” division of G. Siempelkamp in its business year 2018 remained slightly short of the previous year’s figure at 594.8m €.» more

7.9% decline in housing construction approvals in May

05.08.2019 − In May building approvals for dwellings in new residential buildings in Germany dropped by 7.9% vis à vis the comparative month of the preceding year to 26,265 units. » more

CRH: third divestment in building materials division

05.08.2019 − The sale of the Europe Distribution business division to USA private equity company Blackstone Group L.P., which was agreed in mid-June, is the third largest divestment for CRH within the last two years. » more

Results forecasts adjusted by Homag and Dürr

01.08.2019 − According to the provisional figures published by Homag Group on 22 July, the development in receipts of orders in the second quarter was also poorer than expected.» more

Vyncke’s receipts of orders doubled in 2018

29.07.2019 − The power plant manufacturer Vyncke Energietechniek more than doubled its receipts of orders in 2018 against those of a year earlier to 187.8m €. » more

US housing starts have also decreased in June

22.07.2019 − In the USA, the housing starts in the twelve-month period up to and including June fell by 0.9% to 1.253m units compared with the twelve-month period up to and including May. » more

Blackstone to take over CRH Europe Distribution

19.07.2019 − Following the sale of the "Americas Distribution" division, which was completed in January 2018, the Irish building materials group CRH now also intends to dispose of the "Europe Distribution" division.» more

Euroconstruct forecasts 6.5 % growth in housing

19.07.2019 − The Euroconstruct construction research network anticipates an increase of 6.5 % in the number of completions in new, existing residential and non-residential buildings to 1.818m units in the current year. » more

Binderholz establishes holding company for US activities

12.07.2019 − On 25 June, the Binderholz entered Binderholz US Holding GmbH in the Commercial Register.» more

New issue of EUWID Special: Wood-Based Panels

02.07.2019 − The sixth issue of our English-language special publication EUWID Special: Wood-Based Panels has been available since the end of June. » more

Segezha: EBITDA margin up by 9.5 percentage points

01.07.2019 − In the first quarter the Segezha Group achieved significantly improved key results figures compared with last year. » more

Downward spiral in BEK prices has intensified

27.06.2019 − Contract prices for bleached eucalyptus kraft (BEK) pulp have continued to decline in recent months.» more

Amkodor-Onega begins work on forest-machinery factory

26.06.2019 − At the end of March, Amkodor-Onega, the Russian subsidiary of Belarussian Amkodor group, began work on building a factory for forest machinery in Petrozavodsk, Karelia. » more

Malaysia: export declines in majority of wood ranges

24.06.2019 − In 2018 the Malaysian wood and furniture industry was confronted by declines in exports of the most important ranges. » more

Hornbach: considerable decline in profits situation

19.06.2019 − In the 2018/2019 reporting year (28 February) Hornbach Group was confronted by significant declines in revenue. » more

ExpoDrev Russia at beginning of September

14.06.2019 − The next ExpoDrev Russia wood processing trade fair will be held from 03 to 06 September in Krasnojarsk. » more

Arauco: decline recorded in production and sales

13.06.2019 − In the first quarter Celulosa Arauco y Constitutión produced a total of 1.360m m³ composite panels (particleboard, MDF/HDF) in North and South America and, at 1.311m m³, sold almost the same volume.» more

Metsä has contracted Pöyry with pre-engineering

03.06.2019 − Metsä Fibre, a division of the Finnish Metsä Group, has awarded a contract to Pöyry for the pre-engineering of the investment projects announced at the end of April. » more

Building approvals 5.9% short of last year’s figure

30.05.2019 − In March building approvals for dwellings in new residential buildings in Germany declined by 5.9% vis à vis the comparative month of the preceding year to 23,106 units. » more

1,805 exhibitors and 74,000 visitors at Interzum

27.05.2019 − According to organizer Koelnmesse, a total of 1,805 exhibitors from 60 countries took part in Interzum, which came to an end on 24 May.» more