Paper & Pulp Mills
International Paper: North American packaging delivers as EMEA lags; NORPAC Longview mill acquired International Paper's second-quarter results showed Packaging Solutions North America operating profit of $204 million against an $(80) million operating loss in EMEA, where geopolitical uncertainty and soft consumer sentiment weigh on demand. The company completed the Riverdale machine conversion, acquired the NORPAC mill in Longview, Washington and the Delmarva corrugated packaging facility in Dover, Delaware, and continues preparations to separate its EMEA segment; CEO Andy Silvernail said teams "delivered strong second quarter results as execution continued to improve." Source: PaperAge
Forestry & Timber
Weyerhaeuser beats on lumber recovery; Wood Products EBITDA nearly doubles Weyerhaeuser reported second-quarter net earnings of $162 million ($0.23 per diluted share) on net sales of $1.87 billion, with consolidated adjusted EBITDA of $310 million. Wood Products adjusted EBITDA surged to $129 million from $71 million in Q1 on a 15% sequential lumber price improvement and higher volumes, Timberlands held steady at $123 million, and the company raised full-year Strategic Land Solutions EBITDA guidance to roughly $450 million; management hosts its earnings call this morning at 7 a.m. Pacific. Source: Weyerhaeuser
Tariff turmoil seen as an opening to finally settle the softwood lumber dispute Georgetown trade scholar Marc Busch argues that lumber's exemption from the new Section 338 tariffs on Canadian goods underscores its strategic importance — Canada supplies roughly four-fifths of U.S. lumber imports while American mills run at about two-thirds of capacity — and that both countries should negotiate a modernized successor to the 2006 Softwood Lumber Agreement rather than enter a sixth litigation cycle. Source: RealClearMarkets
Wood Pellets
Drax first-half pellet production falls 10% to 1.9 million tonnes Drax's half-year results show wood pellet production of 1.9 million tonnes (H1 2025: 2.1Mt), reflecting the closure of the Williams Lake plant in Canada and production timing aligned to Drax Power Station's needs, alongside adjusted EBITDA of £279 million (down from £460 million) as biomass generation of 7.0 TWh earned lower power prices. The company is investing to expand generation capacity by roughly 85% versus 2025 through batteries, OCGTs and the Selby site, while continuing to develop BECCS as a carbon-removal opportunity. Sources: Drax · Biomass Magazine