annual sales Archives

IPCO is the new name for one of the world’s leading suppliers of steel press belts to the wood-based panel industry.

Previously operating as Sandvik Process Systems, the company is now an independent company within the Wallenberg group and has 600 employees, more than 35 sales and service offices and annual sales in excess of €200 million. In joining the Wallenberg group, IPCO has gained the stability of being part of a business with approximately 600,000 employees and more than €140 billion in total annual sales of holdings.

The company’s network of regional offices will enable it to continue to provide local, on-the-ground expertise backed up by a service organization with the ability to support OEMs and end users in any location around the world.

Jörg Kaufmann, Global Product Manager for the WBP industry at IPCO, comments, “We have played a central role in supporting this industry’s development and growth over many decades, and our position of independence—within a group that has a 160-year history of supporting enterprise and research—strengthens our ability to meet the future needs of our WBP customers.”

IPCO supplies belts in three main steel grades to suit different requirements—1100C, 1500SM and 1650SM—and can produce belts in thicknesses from 1.2 to 3.5 mm, and in widths of up to 4,620 mm. Belts are ground to a thickness tolerance of just 50 microns (0.05 mm) over the entire belt. For press belts wider than 1,500 mm, two or even three single belts are welded together longitudinally to create a belt of the required width.

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Norbord Riding The Rising Wave Of OSB Sales

For years, it was known as the ugly duckling, cheaper alternative to plywood. One design maven described it as “like the turkey loaf of building materials.” But oriented strand board – OSB for short – has come into its own over the past 3 1/2 decades as a major player in North American wood-frame housing construction and is increasingly used for industrial and other applications.

Structural OSB panels – made of wood strands that are resin-bonded under high pressure and heat – are mostly used as floor, roofing or wall substrate in home building. They’re also getting play these days on fashionable interior-decoration websites as a “shabby-chic” finishing material.

Capitalizing on OSB’s rise like no other forest-products company is Toronto-based Norbord Inc. Norbord, once a diversified forestry company, has shed assets over the years and focused on OSB. Now boasting annual sales in the $1.5-billion (U.S.) range and a market capitalization of about $2.4-billion (Canadian), it bills itself as the world’s largest producer of OSB.

The $763-million acquisition in 2014 of Vancouver-based Ainsworth Lumber Co. Ltd. gave Norbord – whose operations were concentrated in the U.S. southeast – a strong presence in Western Canada as well as a foothold in the promising Japanese market.

Right now, the steadily growing number of housing starts in the United States is giving Norbord a big boost, and low-key, media-shy chief executive officer Peter Wijnbergen says there are major growth opportunities in Europe and Asia.

Arauco Buys Half Interest In Tafisa Outside North America

Arauco has acquired 50 percent of Tafisa’s assets, including 10 composite panel mills in Europe and South Africa, for $150 million.

Announced Nov. 30, the acquisition does not include Tafisa’s North American operations and its laminates and components businesses, which will continue to be fully owned by parent firm Sonae Indústria.

When completed, the new company will be called Sonae-Arauco. According to information from Arauco, estimated annual sales for the new business are $900 million. Located in Spain, Portugal, Germany and South Africa, the 10 mills produce 4.2 million cubic meters of composite panel products and employ 3,000 people.

Sonae-Arauco’s production capacity will be about 460,000 m3 of OSB, 1.45 million m3 of MDF, 2.27 million m3 of particleboard and 100,000 m3 of sawn timber.

With the acquisition, Arauco says it is now the second largest producer in the wood panel global ranking, with an annual production of 9 million m3.

Sandvik Process Systems Is Now IPCO