by Web Editor | Mar 9, 2015 | News
Norbord Ran All European Mills At Maximum Capacity In 2014
Norbord operated all of its European manufacturing sites at full steam in the 2014 financial year. The company invested in expanding and optimizing its particleboard mill in Cowie, Scotland and in two OSB mills in Inverness, Scotland and Genk, Belgium during the year.
These projects boosted its four mills’ capacity by around 170 million sqft (3/8’’ basis) or roughly 150,000 m³ to almost 1.8bn sqft or 1.6m m³ per year. Manufacturing edged 5 % higher to 1.690bn sqft or 1.495m m³. The two OSB mills and the particleboard and MDF mill in Cowie set new production records. All five locations continued operating until scheduled stoppages for maintenance and holidays.
Norbord thus said that its capacity utilization increased to 105 %. Sales were 6 % higher than in 2013 at 1.663bn sqft or 1.472m m³. Norbord improved its European revenues by almost 10 % to US$510m as a result. Higher sales volumes, increased particleboard and MDF prices as well as currency effects associated with the stronger pound Sterling against the US dollar more than made up for lower OSB prices.
Higher wage, raw material and maintenance costs also slimmed earnings. Operating income, which was expressed as adjusted EBITDA, still climbed to US$47m. The EBITDA margin weakened to 9.2 %.
From EUWID: euwid-wood-products.com
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by Web Editor | Mar 4, 2015 | News
Last November, the Hines development company unveiled plans for a new office building in the North Loop section of Minneapolis. Seems like ordinary news, except that the building would be the first of its kind in the U.S to be made primarily of wood. The builders refer to the project as “T3” for “Timber, Technology and Transit.”
“This building is very unique,” the lead architect, Michael Green, told the Minneapolis Heritage Preservation Commission earlier this month. “It is the first large-scale office building built of timber in America. It is part of a revitalization of century-old ideas of how to build buildings.”
At the federal level, the U.S. is encouraging the use of sustainable wood products in building. The MinnPost reports that Green says that wood grown sustainably has a smaller carbon footprint than concrete and steel. If this seven-story building were to go forward, it would include a foundation and a first floor made of concrete and steel and six stories of mass timber construction.
As Next City columnist Alexis Stephens reported in “Can Taller Buildings Make Toronto More Affordable?,” the province of Ontario recently relaxed height restrictions on wood-frame construction to encourage residential density.
In Minneapolis, the MinnPost notes, the city has been flexible. Dan Callahan, supervisor of the city of Minneapolis’ plan review section, said he has had several meetings with the T3 team to talk through building code issues. The building would fit under code sections for heavy timber buildings. Callahan said he expects further meetings to get more information and to present the design team with other issues the city has before a formal permit application is received.
From NextCity.org: https://nextcity.org/daily/entry/minneapolis-office-building-wood-plans
by Web Editor | Mar 2, 2015 | News
Composite panel consumption is projected to grow in North America through 2016, buoyed in part by the strengthening of the U.S. housing market and positive indicators of improvement in the furniture and related industries. Figures from Resource Information Systems, Inc. (RISI) project particleboard consumption to rise 10 percent in 2015, to 3.29 billion square feet, and grow 11 percent in 2016, to 3.64 billion square feet. Similarly, MDF is projected to hit 2.97 billion square feet in 2015, a rise of 9 percent, and jump to 3.28 billion square feet in 2016, up 10 percent.
Panel producers are gearing up, with already two companies announcing multi-million plant investments this year.
Uniboard announced Feb. 5 that it will invest more than $53 million at its Val-d’Or particleboard and thermally fused laminate (TFL) facility as part of its plan to increase productivity and upgrade key production areas. The company produces particleboard, MDF and TFL from mills in Val-d’Or, Sayabec, Mont-Laurier and Laval, Canada.
Uniboard President and CEO James N. Hogg said the project will enable the company to enhance its engineered wood and value-added product offerings. “Over recent years, Uniboard has invested heavily into product development, launching new color collections including North America’s first registered embossed thermofused laminate panels as well as expanding our successful NU Green range of low and no-formaldehyde products,” he added.
This followed the Jan. 26 news from Arauco that it will invest $30 million to grow the particleboard and TFL capacity at its mill in Bennettsville, SC. The new technology is expected to be in place by the fourth quarter. Arauco said increased dryer capacity will help it to improve its particleboard production by 60 million ft2, on a 3/4-inch basis annually. Arauco also will add a high-tech fast-cycle press for TFL production.
From Woodworking Network: https://www.woodworkingnetwork.com/wood/panel-supply/Composite-Panel-Market-Grows-Consumption-to-Hit-10-in-2015-294396371.html#sthash.7iZYxiAW.dpbs
by Web Editor | Feb 27, 2015 | News
At first blush, year-end financials and stock prices for B.C.’s largest forest companies would suggest the province’s forestry sector is well on the road to recovery after a decade-long slump.
Interfor Corp., for example, posted record sales of $1.4 billion in 2014 and record production of 2.2 billion board feet. Stock values and market caps of B.C.’s three largest forestry companies – Interfor, Canfor Corp. and West Fraser Timber Co. Ltd. – have soared since the end of 2011. Canfor’s share prices have increased almost 180%, West Fraser’s more than 220% and Interfor’s a whopping 410% since the end of 2011. Based on market cap ($6 billion), West Fraser is now B.C.’s seventh-largest publicly traded company.
But that increase in production and stock value is largely attributable to recent acquisitions of sawmills in the U.S., not to a boom in their B.C. operations. In fact, Canfor and Interfor have both closed mills in B.C. in recent years. Warmer winters that led to a massive die-off of pine from the mountain pine beetle infestation are largely to blame.
B.C.’s largest forestry company, West Fraser, now owns 15 American sawmills, compared with just seven in B.C. and five in Alberta. About 36% of its shipments of lumber now come from its U.S. mills, said Rodger Hutchinson, West Fraser’s vice-president of investor relations. Interfor owns five sawmills in B.C., nine in the U.S. and will add another four U.S. mills this year. About 43% of Interfor’s current production capacity is in B.C., 57% in the U.S. Canfor owns 12 sawmills in B.C., one in Alberta and 10 in the U.S. It also owns four pulp mills in B.C., one wood bioenergy plant in Alberta and one in B.C.
From Business Vancouver: https://www.biv.com/article/2015/2/shrinking-timber-supply-sends-bc-companies-us-mill/
by Web Editor | Feb 25, 2015 | News
A record number of guests attended the latest seminar offered by the Cabinetmaking & Millwork program at Madison College. “Interest in our seminars continues to grow” stated Program Director Patrick Molzahn. “This time we had 61 people, and there were several on our waiting list who did not get to attend”.
The seminar featured five speakers. Margaret Fisher (Lange Bros.) opened the day-long event with a presentation on how veneer is produced and issues which arise from improper specification and production. The group was then divided into two smaller groups. Margaret’s next session offered hands-on practice identifying and creating veneer matches. Each participant created their own sketch face with veneer provided by Saunders Wood Specialties.
Peter Van Dyke (Stiles Machinery) discussed best methods for processing and sanding veneer in the most efficient manner, including examples of state of the art machinery for working with veneer. Following Peter’s presentation, attendees were treated to lunch provided by the AWI-Wisconsin chapter. Madison College students had the opportunity to socialize with many of the employers present.
The afternoon was dedicated to adhesives and pressing. Josh Bartlett (Applied Adhesives) gave an overview of the different adhesive products available for veneering, and problems that can arise when they are not used correctly. Black Bros. shipped in a 24” roll coater for the seminar so we could conduct a demonstration of applying adhesive and pressing a panel. Todd Phalen and Ed Strahota demonstrated the roll coater and discussed different types of presses available for veneering and laminating.
From Woodworking Network: https://www.woodworkingnetwork.com/wood/wood-veneer/Madison-College-hosts-Veneering-and-Laminating-Seminar-293901041.html#sthash.2wEAVCGW.dpbs
