Closing is expected to take place later in the year, subject to the completion of standard regulatory approvals.
Facility will compress wood residues into dense bales for bioenergy, animal bedding and fiber industries.
Exports of particle board from Turkey grew 11%.
Expanded facility and larger team serve important market in Southeast Asia.
The Madison’s Lumber Prices Index for the week ending July 4, 2025 was US$505 mfbm.
This strategic acquisition reinforces NorDan’s commitment to strengthening its presence in the UK entrance door market.
Price for lumber exported from the U.S. to India gained 4%.
Comparable result shifts by Euro 116 million from Q1 as pulp demand weakens in Europe and China.
The plant will convert over 90% of wood residues — bark, shavings, branches, tops and recycled wood — into energy for both heat and electricity.
Cedar and cypress drop 9.6% and 7.1% year on year; spruce studs rise 1.4% month on month yet remain below May 2024.
Exports of wood chips from Vietnam to Japan grew 25%.
Price for plywood exported from Russia to the U.S. added 0.7%.
Exports of plywood from Brazil lost 10%.
Exports of newsprint from Canada lost 14%.
The price of lumber declined 7%.
Chairman Roberto Selci takes over as CEO.