Net income was $23.7 million, or $0.29 per diluted share, on revenues of $265.5 million for the Q3 ended September 30, 2023.
Imports of bleached kraft pulp to China lost 20%.
Exports of wood furniture from China expanded 14%.
These talks will impact approximately 1,100 employees across seven mills.
The acquisition increases Stora Enso’s annual wood procurement in Finland by 1.7 million m3 and adds 700,000 m3 of sawmilling capacity.
The Purchasing Managers’ Index (PMI) fell to 49.3 from 50.4 in August, with new orders, including exports, declining at the fastest rate in two years.
Before the sanctions, Segezha relied heavily on suppliers like Austria’s Andritz AG and Germany’s Voith for critical machinery.
The average price for wood chips imported to China stayed flat.
Price for logs exported from New Zealand added 0.7%.
Exports of wood veneer from China decreased 13%.
According to the company's Telegram channel, Peri has actively adapted its offerings to Russia’s evolving construction needs.
Canfor anticipates continued pressure on the North American lumber market for the rest of 2024. While lower interest rates may offer some relief, ongoing affordability constraints are likely to limit residential construction and DIY activity.
The negotiations are expected to last approximately six months. The exact details, including the level of funding, will only be confirmed during the negotiations.
With the addition of ICT, Burton strengthens its already comprehensive technical expertise in wood processing technology, including wide‐band and circle saws, industrial knives, filing room equipment, reconditioning services, and industrial wear parts.
Adjusted EBITDA for Q3 2024 was $236 million, compared with $509 million for the same period last year and $410 million for Q2 2024.
The bioproduct mill will produce 1.5 million tonnes of softwood and birch pulp per year.