Acquisition retains 67 jobs, adds 37 positions, and secures future of facility dating back to 1900.
Plywood
Shareholders receive one WISA share per UPM share as plywood unit targets Nasdaq Helsinki listing by November 2026.
Price for plywood imported to Japan gained 1.9%.
Company fined $6.38 million and ordered to implement compliance plan after purchasing more than $30 million in illegally trafficked wood.
Price for plywood imported to Mexico fell marginally 0.7%.
Price for plywood imported to Mexico rose marginally 0.6%.
Price for plywood imported to Mexico rose 4%.
Compared with the previous month, production was up 7%.
The project is intended to improve wood-use efficiency, raise productivity, and expand development of plywood products, including large-format plywood, for international markets and the EU.
New 4,036 m2 facility to increase product value by up to 70% and add lamination and precision machining capabilities.
Price for plywood exported from Russia to China grew 16%.
Price for plywood exported from China fell marginally 0.9%.
Weak lumber demand and price pressure in China, a stronger ruble, and high interest costs drove asset impairments, capacity curtailments, and lower fourth-quarter sales.
Price for plywood imported to Italy increased 21%.
Price for plywood imported to the EU expanded 15%.
The measure covers CN code 4412 39 00, takes effect Thursday, and excludes one Brazilian exporter found not dumping.
Price for plywood exported from Brazil gained 4%.
Exports of plywood from Chile gained 2%.
Price for plywood imported to the U.S. gained 1.7%.
Compared with the previous month, production was down 3%.