LUXEMBURG – Less than a year after Kronospan Luxembourg S.A. completed a €250+ million project in new recycling facilities and its two Combined Heat and Power plants (fueled by biomass and recycled wood), the company takes the next step in terms of sustainability and “green energy”: the installation of 5,000 KWp photovoltaic system on the roof of its factory in Sanem.
CANADA - Norbord Inc., the world's largest OSB manufacturer, reported its second quarter 2020 results (2Q-2020) with adjusted EBITDA of USD 84 million, compared to USD 36 million in 2Q-2019. Norbord recorded earnings of USD 18 million in the 2Q-2020, up from a loss of...
Difficult 2Q-2020 for Proteak due to COVID-19
MEXICO –Proteak, the largest forestry company in Mexico, announced its financial and operating results for the second quarter of 2020 (2Q-2020).
PORTUGAL – Sonae Indústria’s results, since the second half of March and particularly in the second quarter of 2020, were significantly affected by the COVID-19 outbreak and the respective extraordinary containment measures imposed by the authorities in the different regions where it operates Sonae Indústria (Europe, North America and South Africa).
GERMANY – In its industrial unit in Beeskow, Germany, Sonae Arauco made an investment of more than 50 million euros for a state-of-the-art continuous particleboard (PB) production line.
BRAZIL – In the second quarter of 2020, Duratex, the largest manufacturer of wooden panels in the Brazil, reported sales revenue of BRL 1,046.4 million, which represented a drop of 8.6 percent, which amid the impact from the COVID-19 crisis, can be considered as mild.
AUSTRIA – The close of EGGER Group’s financial year on 30 April 2020 came at a particularly challenging time. Nevertheless, the wood-based material manufacturer is reporting eleven successful months and thus a stable business development overall for the financial year 2019/2020.
CANADA – Norbord Inc. announced an update regarding the second quarter 2020 capacity utilization of its North American oriented strand board (OSB) and European panel mills.
BRAZIL – Eucatex, one of the largest manufacturers of wood panels in Brazil, with operations also in the paint and varnish, laminate flooring, partitions and doors segments, announced its results for the first quarter of 2020 (1Q-2020).
SPAIN – In April 2018 FINSA began its collaboration with Eco Intelligent Growth (EIG), with the aim of incorporating the Cradle to Cradle principles and the Circular Economy.
MEXICO – In the first quarter of 2020 (1Q-2020) Tecnotabla, Proteak’s MDF manufacturer reached record sales volume of more than 56,000 m3, which meant a 17 percent increase against the sales volume of 4Q-2019 and a 4% increase versus 1Q-2019.
