GERMANY – Following the announcement by Saviola to take over half of the shares in Nolte Holzwerkstoff GmbH & Co. KG, which is owned by the Nolte family, the closing was signed on Wednesday, June 10, 2020.

CHILE – Chilean wood panel manufacturer Masisa reported its financial results for first quarter of 2020 (1Q-2020) where consolidated sales revenue reached USD 77.5 million, a sharp drop of 34 percent against sales of 1Q-2019.

SPAIN – Garnica and Maderas de Llodio have developed two new products for their line of European radiata pine-based plywood panels. These two new panels have been designed for applications in the construction sector, including formwork, and furniture manufacturing such as sofa structures.

URUGUAY – Uruguay-based plywood manufacturer Lumin (Uruply) has embarked in a new chapter in its history.

U.S. – Roseburg Forest Products recently announced a reorganization of its manufacturing operations oversight structure, moving away from product line divisions and toward a geographic and functional support system of organization.

CHILE – Arauco, one of the largest global forest companies, reported sales revenues of USD 1,127.2 million during the first quarter of 2020 (1Q-2020), a 18.8 percent decrease compared to the first quarter of 2019.

PORTUGAL – Sonae Indústria’s consolidated sales reached EUR 54.3 million in the first quarter of 2020 (1Q-2020), a drop of 4.4 percent compared to the same period last year (EUR 56.8 million).

BRAZIL – Duratex, the largest manufacturer of wood panels in Brazil, reported that in the first quarter of 2020 (1Q-2020), the company’s net sales revenue totaled BRL 1,161.6 million, an increase of 8.3 percent over the same period last year, mainly due to the consolidation of Cecrisa’s results.

CANADA – Norbord Inc., one of the largest global manufacturers of OSB, reported its 1Q-2020 results with Adjusted EBITDA of USD 75 million for the first quarter of 2020 compared to USD 27 million in the fourth quarter of 2019 and USD 42 million in the first quarter of 2019.

COLOMBIA – Primadera, manufacturer of MDP particleboards, launched its new Solum collection of melamine boards, inspired by a selection of different Colombian soils.

BRAZIL – Duratex released the public summary of its Forest Management Plan 2020, which seeks to present an overview of the Company’s initiatives related to the topic through the economic, social and environmental aspects.

CANADA –Tafisa Canada, a leading particleboard and TFL decorative panel manufacturer, has announced the completion of a major investment to modernize its Line 1 continuous particleboard press in Lac-Mégantic,Quebec.