Combilift Named “Company of the Year” By KPMG Ireland 

Combilift Named “Company of the Year” By KPMG Ireland 

Combilift Named “Company of the Year” By KPMG Ireland 

Pictured Martin McVicar, Combilift, collecting the Company of the Year Award, presented at the 50th Annual Business & Finance Awards 2024 in association with KPMG. Honouring Excellence in Irish Business. Picture Andres Poveda[/caption]Combilift, the global leader in material handling solutions, has been awarded Company of the Year at the prestigious Business & Finance Awards 2024, in association with KPMG Ireland. This remarkable achievement marks Combilift’s ninth major business award win in the past three months.

The Company of the Year award, presented to Combilift’s CEO Martin McVicar by Seamus Hand of KPMG at the 50th Business & Finance Awards ceremony held in Dublin, is a testament to the company’s significant impact on both the Irish economy and the global market. Combilift, with annual revenue exceeding €500 million, has continued to thrive with its export-focused business model, with 98% of its operations serving international markets.

Martin McVicar, CEO of Combilift, comments, “This award reflects the bold vision and relentless drive that has been at the heart of Combilift since Robert Moffett and I started in 1998. Every forklift, every innovation, and every milestone reflects our commitment to pushing boundaries and transforming material handling worldwide. This moment belongs to our employees, our dealers, and our customers who rely on us to deliver quality material handling solutions to optimize their warehouse space.”

Since its founding in 1998, Combilift has built a global reputation as the largest manufacturer of multi-directional, articulated, and side loading forklifts, as well as large material handling equipment such as straddle carriers, with over 85,000 units in operation across 85 countries.

Winning this award places Combilift among an elite group of previous winners, including industry giants Glen Dimplex, Kingspan, Primark, Google, and Intel. As a homegrown Irish business with a global footprint, this latest recognition serves as a powerful reminder of the company’s ongoing success and its role in shaping the future of the material handling industry.

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Weyco Expanding In Arkansas With EWP

Weyco Expanding In Arkansas With EWP

Weyerhaeuser Co. has announced plans to invest approximately $500 million to build a new, state-of-the-art TimberStrand facility near Monticello and Warren, Ark., expanding the company’s engineered wood products (EWP) capacity in the U.S. South. The facility will have an annual production capacity of approximately 10 million cubic feet, which is comparable to the company’s existing TimberStrand facility in Kenora, Ontario. Construction is expected to begin in 2025, with the goal of starting operations in 2027.

Leveraging its proprietary TimberStrand technology, Weyerhaeuser is combining institutional expertise from Kenora with extensive research and development to manufacture TimberStrand with southern yellow pine as the primary feedstock. Given the company’s sizeable timber holdings in Arkansas, the Monticello facility is strategically located to source most of its fiber log requirements from company-owned timberlands in the region. Additionally, the plant will include a biomass-fueled cogeneration system, which will fully supply the plant’s electrical needs and significantly reduce its environmental footprint.

This announcement represents an expansion of Weyerhaeuser’s total investment and impact in Arkansas, adding a third manufacturing facility to go along with a lumber mill in Dierks and a plywood and veneer plant in Emerson, as well as 1.2 million acres of timberlands, a seedling nursery and several offices—currently employing more than 700 people across the state, with 200 more jobs to be added as the new EWP facility comes on-line. 

“This is an exciting opportunity to grow our EWP business, expand TimberStrand into the U.S. South and provide an additional outlet for our fiber logs in Arkansas,” says Devin W. Stockfish, President & CEO, Weyerhaeuser. “Of the wood products we produce, EWP has the strongest tie to single-family housing construction activity, and this new facility aligns with our conviction that U.S. housing demand will remain favorable over the long term. In addition, this plant will allow Weyerhaeuser to better serve other customers and end markets in the region, including mass timber applications, and it supports our broader sustainability ambitions. I’d like to thank the state of Arkansas and local officials for working with Weyerhaeuser to site this facility. We look forward to building on our long history in the state and providing new employment opportunities in Monticello and surrounding communities.”

The company expects to incur approximately $500 million of capital expenditures for the facility through 2027 and plans to exclude this investment for purposes of calculating the company’s annual adjusted funds available for distribution, as used in its flexible cash return framework. This capital outlay may be sourced from cash on hand or through future financing, as the company deems appropriate.

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GP Shakes Up Operations Leadership 

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Georgia-Pacific has changed its operations leadership. Jeff Koeppel, senior vice president of operations, will retire in the first quarter of 2025. A role he has held since 2016, Koeppel’s been a critical part of the transformation of Georgia-Pacific’s manufacturing operations.

Hudson Pope, currently senior vice president for manufacturing at Georgia-Pacific, will assume the senior vice president of operations position with responsibility for all manufacturing segments.

Pope brings nearly 30 years of experience in the pulp and paper industry—beginning his career with Georgia-Pacific as a co-op process engineer for the company’s Crossett, Ark. facility. He has grown his career with Georgia-Pacific and several other organizations, assuming consecutive leadership roles in manufacturing, logistics, and operations. In December 2018, Pope was promoted to Georgia-Pacific’s senior vice president, building products operations. In 2023, his role changed to assume responsibility for the company’s packaging and cellulose operations.

Pope holds a B.S. in chemical engineering, with a minor in pulp and paper technology from Auburn University. An active alum, he serves on the board of directors of the Auburn Pulp & Paper Foundation as the executive committee president.

Koeppel will support Pope in making a smooth transition in the coming months.

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 Dieffenbacher Acquires Pagnoni

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German machine and plant manufacturer Dieffenbacher has acquired the Italian family-owned company Pagnoni Impianti S.r.l., headquartered in Aicurzio, about 30 km northeast of Milan. The company will operate under the new name Pagnoni Dieffenbacher S.r.l. The acquisition includes the assets and expertise of the plant manufacturer and four-person team led by Managing Director Michele Pagnoni, the sixth generation of his family to run the long-established company.

Pagnoni Impianti was founded in 1848 by brothers Stefano and Martino Pagnoni as a manufacturer of oil presses and pasta-shaping machines and systems. After World War I, Nicola Pagnoni, grandson of one of the company’s founders, began producing hot-plate presses, particularly for plywood production. Since then, Pagnoni has specialized in producing single- and multi-opening presses and press lines for the production of particleboard, plywood, MDF and hardboard, as well as HPL decorative laminates and short-cycle lines for melamine and phenolic paper coating. 

“Pagnoni fits in perfectly with our values at Dieffenbacher. The company is highly regarded in the industry for its partnership-based approach to doing business and its technically sound and well-engineered machines and systems,” says Dieffenbacher CFO Lukas Langer. 

With the acquisition of the company, Dieffenbacher will focus on existing Pagnoni customers as a first step. “The personal support provided by the familiar Pagnoni contacts will continue. The Pagnoni team will also be supported by our entire global Dieffenbacher service network,” explains Ralf Schmidt, Head of Global Lifetime Service Wood & Recycling at Dieffenbacher.

Dieffenbacher will use its after-sales expertise to maintain and strengthen the support of existing business relationships for service, spare parts supply and modernizations. Since the customer base of Pagnoni and Dieffenbacher largely overlaps, this will produce considerable synergy potential on both sides. 

In the medium to long term, Dieffenbacher will add Pagnoni products to its portfolio. “In particular, the short-cycle, HPL and plywood plants will be a useful addition to our range of services. We will also incorporate know-how in single and multi-opening plants for producing wood-based panels into our product range,” says Stefan Zipf, Head of the Wood Business Unit at Dieffenbacher.

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European Commission Ruffles U.S. Feathers With New Regulations

European Commission Ruffles U.S. Feathers With New Regulations

The European Commission is proposing that the new EU Deforestation Regulation be delayed 12 months before implementation to allow international parties additional time to prepare. If approved by the European Parliament and the Council, it would make the law applicable on December 30, 2025 for large companies, June 30, 2026 for “micro and small enterprises.”

The Commission said that it recognized that three months ahead of the intended implementation date, several global partners had repeatedly expressed concerns about their state of preparedness, and the state of preparations amongst stakeholders in Europe is also uneven. 

“The extension proposal in no way puts into question the objectives or the substance of the law, as agreed by the EU co-legislators,” according to the Commission.

The Commission also published the principles of the methodology it will apply to the EUDR benchmarking exercise, serving to classify countries as low, standard, or high risk, and noted that a large majority of countries worldwide will be classified as low risk, allowing more focus where deforestation challenges are more acute. 

The EU Deforestation Regulation aims to ensure that a set of key goods placed on the EU market will no longer contribute to deforestation and forest degradation in the EU and elsewhere in the world, and claims that deforestation and forest degradation are important drivers of climate change and biodiversity loss.

The implementation delay comes not longer after 73 members of the U.S. House of Representatives wrote a letter to President Joe Biden to appeal the European Union’s deforestation regulations, which they claim will hurt the entire forestry supply chain in the U.S. The legislators called on Biden to request a two-year delay; that that many U.S. producers still lack clarity on specific data requirements, data input systems, and underlying definitions “that will affect the entire U.S. forestry supply line. Without more time for implementation, billions of dollars of trade are at stake. Forest product exports from the U.S. to the EU are valued at over $3.5 billion USD. Without legal certainty that U.S. producers can place products on the EU market according to EUDR compliance requirements, significant trade disruptions will results. The inability to ship to the EU will have cascading negative economic impacts, including devaluing U.S timberlands and U.S. manufacturing job losses. The United States is a global leader in modern sustainable forest management, and we are deeply concerned that well-intentioned regulations from Europe will disincentivize the huge investments U.S. forest owners have made in the long-term health and sustainability of our forest resources.”

The EU has said one of the driving factors behind deforestation is the production of coffee, soy, palm, oil, cocoa, cattle, wood, and rubber. Under the new rules, products made from these commodities must not have come from recently cleared forest lands and must not have contributed to forest degradation. 

A representative of a Southeastern U.S. veneer manufacturer and timberlands owner says one major aspect of the EUDR is that it prohibits the conversion of forestland to agricultural land and places restrictions on certain types of forest-to-forest conversions. Additionally, the regulations are unclear regarding timber from naturally regenerated forests.

“To comply with the EUDR, companies and landowners must conduct rigorous due diligence to trace the origin of goods and prove compliance with strict deforestation-free standards. While the intent is to promote sustainable supply chains, the regulations could have unintended consequences. Although these regulations are European, they directly impact pulp, paper, and forest products industries, as well as landowners. In order to access European markets, Alabama companies will be forced to comply with these stringent regulations, effectively transferring control over land management decisions to the EU. This compliance requirement places an undue burden on landowners, who may be forced to adhere to EU standards or lose the ability to sell their timber and other products.”

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