CHILE - With an investment of about USD 4.6 billion, Arauco's new pulp mill in Brazil will have an annual capacity of 3.5 million tons. Arauco has selected Finnish company Valmet as its technology partner. As a leader in pulp and bioenergy, Arauco is advancing the...

CHILE - In the second edition of the 2024 Corporate Sustainability Ranking, organized by Brinca and the Adolfo Ibáñez School of Business, Masisa secured the top position in the manufacturing category for sustainability. This ranking, which assessed 70 leading...

ECUADOR - Novopan, a leading Ecuadorian company in high-quality wooden panel manufacturing, has been awarded the Good Forest Practices for commercial forestry plantations recognition by the Ministry of Agriculture and Livestock. This makes Novopan the first company in...

CHILE - Arauco, a global leader in the forestry and wood products sector, has reported positive financial results for the first half of 2024, highlighting a strong recovery and growth in both revenue and profitability. For January to June 2024, Arauco achieved sales...

LATVIA  - In early July, SIA Kronospan Riga acquired KS Terminal, the fourth-largest cargo terminal at the Port of Riga. This move strengthens Northern European operations of Kronospan and creates new growth opportunities. By late July, the Kronospan cargo ship...

BRAZIL - Dexco, Brazil's largest wooden panel manufacturer, reported 2Q-2024 sales of BRL 1,995.4 million, a 2.1% increase compared to 2Q-2023, which was BRL 1,953.8 million. The company’s total sales for the first half of the year reached BRL 3,931.4 million,...

USA - West Fraser OSB business in Europe is seeing improved demand in 2024, while MDF and particleboard are experiencing softer demand, according to the company’s 2Q-2024 update. “While inflation appears stable, risks such as high interest rates, geopolitical...

PORTUGAL - International technology group Andritz has been awarded a contract to supply a dry fibreboard recycling line to Sonae Arauco's mill in Mangualde, Portugal. This line will convert end-of-life fibreboards into valuable fibres for new production, marking it as...

ECUADOR - In line with its commitment to sustainable forest management in its operations, Novopan Del Ecuador has achieved FSC Forest Management certification. This milestone demonstrates that the company's products originate from well-managed forests, controlled...

AUSTRIA - The Egger Group, one of the main wooden panel manufacturers in the world, reported a turnover of EUR 4.13 billion for the 2023/2024 financial year, reflecting a challenging economic environment. Despite a 7.1% decrease from the previous year and an 18.1%...