besse forest products closes three veneer, lumber operations
The move comes after Besse Forest Products was sold to the Florida-based Hoffmann Family of Companies private equity firm in March 2024, and the company seeks to lower costs across its 10 newly acquired production facilities. Officials with Besse Forest Products said the closures were “due to an unprecedented industry downturn.”
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Isaias Damages $33.5 Million in Alabama Timber
Hurricane Isaias damaged more than 2.5 million tons of timber valued at more than $33.5 million in southwest Alabama, according to a preliminary aerial assessment by the Alabama Forestry Commission (AFC). The Category 2 storm…
BASF Reveals New MDI Plant In Louisiana
BASF Corp. has planned its new MDI plant inauguration celebration in Geismar, La. in November. Representing a nearly $1 billion investment, the event markes the completion of BASF’s multi-year MDI expansion project and reinforces the…
Siempelkamp, Hexion Go Separate Ways On AI Development
Siempelkamp and Hexion have ended their cooperation toward the development of AI solutions for the wood-based panel industry. Siempelkamp states it will continue to pursue its own strategy in this area, and Hexion says its…
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