Paper & Pulp Mills
Graphic Packaging Q2 earnings slide; Lebanon, Tenn. closure planned Graphic Packaging reported Q2 net sales of $2.19 billion (down 1%) and adjusted EBITDA of $247 million versus $336 million a year ago; the company completed the divestiture of its Croatia facility, plans to close its Lebanon, Tennessee operations, and is evaluating a potential closure at Winsford, UK. Source: PaperAge
Forestry & Timber
Binderholz acquires Finnish sawmillers Kuhmo Oy and Juntinsalo Oy Austria's Binderholz Group agreed to buy the two Finnish sawmill operations, which together process more than 1 million m³ of roundwood annually and generate roughly €150 million in revenue, extending the group's Nordic expansion. Sources: Lesprom · Timber Industry News
Moelven Byggmodul hits record order backlog less than a year after layoffs Norway's Moelven Byggmodul is recruiting 35 new employees and introducing double-shift production on both manufacturing lines for the first time, after temporarily laying off around 100 workers less than a year ago. Source: Timber Industry News
Latvijas Finieris plans €300 million birch plywood investment in eastern Latvia The Latvian plywood group announced plans for a €300 million investment to expand birch plywood production capacity in the east of the country. Source: Timber Industry News
Boise Cascade sees weak residential construction continuing into Q3 Boise Cascade reported second-quarter sales growth despite declining housing starts, but expects affordability constraints and elevated mortgage rates to keep residential construction subdued through the third quarter. Source: Lesprom
Canadian log exports surge 59% in June Canada's log export volumes jumped 59% in June, even as the average export price slipped 4%. Source: Lesprom
Wood Pellets
Canadian wood pellet exports drop 12% in June as prices firm Canada's wood pellet export volumes fell 12% in June while the average export price rose 7%, consistent with the tightening fibre situation in Western Canada. Source: Lesprom
Russian pellet shipments to South Korea rise 20% Russia's wood pellet exports to South Korea increased 20% by volume in April, with prices down 2% over the period. Source: Lesprom