Ireland’s Smurfit Kappa has reached an agreement to purchase WestRock for an agreed $11 billion to create the world’s largest paper and packaging company, Reuters reported.
News in international markets
Chile’s CMPC Agrees to Purchase Kentucky-Based Heritage Millwork
Chile-based Empresas CMPC SA has agreed to acquire Heritage Millworks (dba Powell Valley Millwork) in Lexington, Kentucky, according to Merchant Magazine.
US Wood Pellet Exports Decline Month-Over-Month but Rise Year-Over-Year in July
The US exported 651,698.8 metric tons of wood pellets in July, down from 865,995.4 metric tons in June, according to the USDA and Biomass Magazine.
Metsä Wood Announces Plans to Construct a New Kerto® LVL Mill in Äänekoski, Finland
Metsä Wood and construction company SRV have signed an agreement for the construction of Metsä Wood’s new Kerto® LVL mill in Äänekoski, Finland.
Uzbekistan Now One of the Top 5 Users of Belarusian Sawn Timber on the Belarusian Commodity Exchange
The Belarusian Commodity Exchange announced that in the 8-month period between January and August, Uzbekistan entered the top five markets for sawn timber on the exchange, according to BelTA.
Kronospan to Establish a Flooring and MDF Factory in Egypt
Kronospan will establish a factory in Egypt to produce flooring and MDF, Zawya reported, citing a press release from Egypt’s Industrial Development Authority.
Exports of Brazilian Wood-Based Products Declined Year-Over-Year in July
In July, Brazilian exports of wood-based products (except pulp and paper) declined 36.0% in value compared to July 2022, according to the International Tropical Timber Organization.
Koskisen Invests in a New Thin Plywood Press at Its Hirvensalmi, Finland, Mill
Koskisen announced that it is investing in a new thin plywood press at its thin plywood production unit in Hirvensalmi, Finland, increasing pressing capacity by approximately a quarter.
DIEFFENBACHER to Supply New Zealand’s Fletcher Building With Complete CEBRO OSB Plant
Germany’s DIEFFENBACHER received an order from New Zealand’s Fletcher Building to deliver a complete CEBRO plant for the production of Fine OSB.
Mühlböck to Install Its Largest Ever Belt Dryer at Moelven Group’s New Pellet Plant in Sweden
Moelven Group recently announced that it has commissioned Mühlböck to deliver a 320 m3 belt dryer for Moelven’s largest site in Sweden.