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The HORNBACH Group was able to maintain its growth trajectory in the second quarter of the current financial year. Both HORNBACH HOLDING AG and its largest subsidiary HORNBACH-Baumarkt-AG have reported significant year-on-year increases in their sales and earnings for the first six months up to August 31, 2003. Consolidated earnings before taxes and extraordinary items and consolidated net income... [more...]
Stora Enso has launched a restructuring programme at its Publication Paper mill at Corbehem, France to secure the site's long-term competitiveness in continuing depressed market conditions.
The programme, which will be implemented in stages during 2003-2006, has been agreed with the workers' council representatives and has three objectives:
(1) a major reorganisation of the whole mill, in... [more...]
As SES Singapore Exhibition Services is reporting companies at WoodmacAsia2003/FurniTekAsia2003 saw brisk business evidenced by the large numbers of machines sold over four days. Customers from Malaysia snapped up seven sets of Kikukawa's dry abrasive system and thickness measuring and delamination detecting machines worth US$400,000. Another exhibitor, Duncor Trading, sold nine Robland panel cutt... [more...]
Georgia-Pacific Corp. today announced that it is exploring strategic alternatives for its building products distribution business, including its possible sale. Georgia-Pacific's building products distribution business, which is distinct from the company's building products manufacturing segment, is the
leading distributor of building products in the United States. The
distribution division's 200... [more...]
Building Permits
Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,886,000, according to estimates reported today by the U.S. Commerce Department's Census Bureau. This is 4.8 percent (±0.8%) above the revised July rate of 1,800,000 and is 10.7 percent (±1.0%) above the August 2002 estimate of 1,704,000.
Single-family authorizati... [more...]
Three forest industry leaders released a new report today describing their vision of what a rejuvenated BC Coastal forest industry could look like in the next 10 years if the right moves are made now to rebuild the troubled sector.
The report "Embracing a New Vision: Rebuilding BC's Coastal Forest Industry" calls on all industry players to come together to collectively address the problems that a... [more...]
The finnish company Botnia is planning to build a sawmill in the town of Podporozhye in north-west Russia. The town is located in the Leningrad Region some 300 km north-east of St. Petersburg.
The medium-sized sawmill will be equipped with modern sawmilling technology. The final decision of the investment will be made when all the needed clarifications are made and the necessary contracts and per... [more...]
The Board of Directors of M-real Corporation has decided to invest in a new BCTMP plant in Kaskinen, Finland. The project will go ahead provided that remaining issues regarding the required environmental permits and infrastructure are resolved to the company?s satisfaction.
M-real currently uses high quality chemi-thermo mechanical pulp in its own mills producing printing papers and packaging boa... [more...]
Exports from Brazil?s agribusiness in the period January-August 2003 reached a record US$19.3 billion, 31 per cent higher than the same period 2002. The trade surplus reported was also a record US$16.2 billion. In the forest sector, wood and woodwork products had a surplus of US$1.5 billion, with total exports of US$1.6 billion. Imports also increased, up 21 per cent to US$37.9 million.
During... [more...]
A high New Zealand dollar and tough market conditions have undermined the country?s export drive. Asia was particularly affected, with eight of New Zealand's top 10 export destinations by value last year were in Asia. The combined value of forest and wood product exports to those eight countries was NZ$1.9 billion, or just over half of total forestry exports, but New Zealand is taking a beating in... [more...]