by Web Editor | Apr 3, 2017 | News
Raute Corporation and the owners of Metriguard, Inc. have agreed on the purchase of the business of Metriguard Inc., Pullman, Washington, USA.
Metriguard, established in 1972, is the world leader in high speed strength grading technology for lumber and veneer. Metriguard sells and provides services for its equipment globally, with installations in North and South America, Europe, Asia, Africa, Australia and New Zealand.
Metriguard’s products and technology are complementary to Raute’s current product offerings. Over the years, Metriguard’s products have been integrated into dozens of Raute’s deliveries. Metriguard’s net sales were USD 4.6 million in 2016, with an EBIT of USD 0.8 million, and it employs 26 people.
Metriguard’s business will continue by a newly established Raute’s subsidiary Metriguard Technologies, Inc. Its financials will be reported as part of Raute’s wood products technology segment. The acquisition is deemed to have a positive effect on Raute’s net sales in 2017 and on its financial results starting from 2018.
The acquisition is made as an asset purchase. Intangible assets, working capital and fixed assets, except real estate, are acquired. Metriguard’s personnel will transfer in along with the acquisition. The purchase price, estimated at USD 4.5 million, is paid in two installments. A base purchase price of USD 3.1 million is paid at closing, additionally there will be an earn-out payment based on net sales for a 12-month period following closing of the transaction.
For more information visit https://www.raute.com/.
by Web Editor | Mar 29, 2017 | News
Over the past several years, there has been a rise in mass timber construction around the world, demonstrating the strength, stability, and design flexibility of next-generation lumber technologies. To help inform architects, engineers, developers, industry professionals, students and interested parties, reThink Wood has launched the reThink Wood Research Library to serve as the go-to industry resource for those seeking information on the latest advancements in wood’s performance and advantages in the built environment.
reThink Wood is a body of research hoping to push boundaries and shift perceptions about building with wood.
Today, mass timber technologies, including cross-laminated timber (CLT), nail laminated timber (NLT) and glued laminated timber (glulam), are gaining traction in the U.S. for mid-rise and tall wood structures. The publicly accessible and comprehensive reThink Wood Research Library will be frequently updated with the latest research on wood building products and systems worldwide, as well as demonstrate where research gaps currently exist.
“The future of mass timber in the U.S. is really starting to heat up,” said Lucas Epp, head of engineering at StructureCraft. “In the next few years, there will be considerably more mass timber buildings built than we have today. The industry is starting to see that this type of construction is fast, cost effective and sustainable.”
Advocates of CLT say it can be used to construct buildings of equal strength and fire-resistance as those made of steel and concrete. It has also fueled the passions of architects and environmentalists, who believe it to be a much greener method for housing the world’s growing population.
From Woodworking Network: https://www.woodworkingnetwork.com/news/woodworking-industry-news/wood-research-library-advances-timber-building-construction?ss=news,news,woodworking_industry_news,news,almanac_market_data,news,canadian_news
by Web Editor | Mar 27, 2017 | News
The Coalition for Fair Trade of Hardwood Plywood has filed “critical circumstances” petitions with the Department of Commerce to stop recent shipments of Chinese hardwood plywood imports into the U.S., according to the Hardwood Plywood and Veneer Association.
HPVA said that the shipments are being made in an attempt to enter the market before anti-dumping and countervailing duty orders are imposed.
If the coalition’s actions are successful, anti-dumping and countervailing duties will be imposed 90 days earlier, subjecting Chinese hardwood plywood imports to duties of up to 100 percent or more.
Commerce’s preliminary determinations in the countervailing duty case and anti-dumping case are due no later than April 17 and June 16, respectively. If critical circumstances are found, Chinese hardwood plywood imported as early as January 17 will be subject to countervailing duties, and Chinese hardwood plywood imported as early as March 16 will be subject to anti-dumping duties.
See https://www.hpva.org/ and https://hardwoodplywoodfairtrade.com/ for more information.
From Woodworking Network: https://www.woodworkingnetwork.com/news/woodworking-industry-news/us-producers-seek-new-duties-against-chinese-plywood?ss=news,news,woodworking_industry_news,news,almanac_market_data,news,canadian_news
by Web Editor | Mar 22, 2017 | News
Brian Luoma Picked To Lead Alabama’s Westervelt Company
The Westervelt Company named Brian Luoma as President and CEO, succeeding Mike Case, who announced his retirement after more than 32 years with the company. Luoma will oversee Westervelt Lumber, Westervelt Renewable Energy, Westervelt Forest Resources, Westervelt Communities, Westervelt Ecological Services and Westervelt New Zealand.
Luoma most recently served as executive vice president and general manager, Siding, with Louisiana-Pacific Corp.
Jon Warner, Chairman of the Board at The Westervelt Co., based in Tuscaloosa, Alabama, comments, “Brian’s proven leadership and vision will be essential in leading our company.”
“I am thrilled to join the Westervelt team,” Luoma says. “The company’s commitment to excellence and focus on sustainability are the driving forces behind 133 years of success.”
Since 1987, Luoma held roles of increasing responsibility with LP. Luoma graduated in Forestry from Humboldt State University in Arcata, California. He worked for LP while attending college, first as an assistant log scaler at the LP stud mill in Fort Bragg, California and then in the woods as a forestry technician. After graduating he worked for Simpson Timber in Korbel for a year before rejoining LP as timberlands manager in northern California. He then became wood procurement manager for LP’s Western Region. He later led LP’s Northern operations OSB group in Hayward, Wisconsin before moving to LP headquarters as head of forestry, wood procurement and logistics.
He advanced to LP’s vice president of Engineered Wood Products before becoming executive vice president and GM over LP Siding, based at headquarters in Nashville, Tennnessee.
Westervelt operates a high production, modernized southern yellow pine sawmill at Moundville, Alabama, a large industrial wood pellet plant in Aliceville, Alabama, and owns/manages 500,000 acres of timberland.
For more information on The Westervelt Company visit westervelt.com.
The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.
Panel World is delivered six times per year to North American and international professionals, who represent primary panel production operations. Subscriptions are FREE to qualified individuals.
Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!
by Web Editor | Mar 20, 2017 | News
A new piece of bipartisan legislation has been tabled by The United States Senate and House of Representatives named the Timber Innovation Act. The bills were put forward to further the development of tall timber buildings in the U.S., thereby supporting the nation’s considerable timber market and the rural manufacturing jobs it entails.
“The United States has an opportunity to bring new, sustainable mass timber technology to our construction industry, and the Timber Innovation Act directs technical assistance and research components already in place,” said Robert Glowinski, President and CEO of the American Wood Council (AWC).
The bills aim to create a focused research and development program to aid in the advancement of tall wooden structures in the United States. Federal grants will be awarded to fund the research undertaken on state, local, university, and private sector levels. This includes the provision of education to architects and builders, in relation to timber construction.
“Mass timber technology is revolutionizing and disrupting the way buildings are being built around the world. Unfortunately, the United States has been trailing other markets in this regard. The Timber Innovation Act will significantly contribute to enhancing our industry’s ability to close the knowledge gap and stimulate private sector investment,” remarked general manager of the Binational Softwood Lumber Council (BSLC), Cees de Jager.
Additionally, the act will introduce educational and technical programs on timber design and applications, in conjunction with the Department of Agriculture and state foresters. Responding to continued job scarcity in the aftermath of the recession, retrofitting buildings in regions of high unemployment will create new positions in rural areas, while also addressing environmental concerns.
From ArchDaily.com: https://www.archdaily.com/866841/new-timber-innovation-act-advocates-for-nationwide-timber-construction-in-the-united-states
by Web Editor | Mar 15, 2017 | News
Arauco is investing in the construction of a new particleboard plant with a planned capacity of 800,000 square meters per year in Grayling, Michigan. For the first time, the company is purchasing a complete plant from Dieffenbacher. The two companies decided to work together in January 2016, followed by a phase of detailed engineering and concluding with the signing of supply contracts at the end of 2016.
The highlights of the scope of supply are Dieffenbacher’s EVOjet P gluing system, which reportedly uses up to 15 percent less glue; and the continuous CPS+ press, which, at 10 feet wide and 52.5 meters long, will be one of the largest particleboard presses in the world.
“Arauco always exercises prudence when it comes to committing to new development. Therefore, we are all the more pleased with the confidence that Arauco has shown in us with its decision to choose the CPS+,” says Bernd Bielfeldt, head of the Wood Business Unit at Dieffenbacher.
The two driers, together with the associated energy system that Chile-based Arauco also commissioned from Dieffenbacher, are large parts of the new operation. Grayling is located in the northern part of Michigan’s Lower Peninsula.
The contract also includes dosing silos for the chips, a glue mixing station, forming stations and the forming line; as well as the raw board handling system, the sanding line and the Lukki bearing system, which Arauco has already had experience with at its other sites.
From Woodworking Network: https://www.woodworkingnetwork.com/news/woodworking-industry-news/arauco-and-dieffenbacher-sign-supply-contracts-new-michigan-panel?ss=news,news,woodworking_industry_news,news,almanac_market_data,news,canadian_news
