by Web Editor | Dec 4, 2015 | News
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.
From Woodworking Network: https://www.woodworkingnetwork.com/news/woodworking-industry-news/arauco-buys-50-interest-tafisa-0?ss=wood,wood,wood_of_the_month,wood,pricing_supply,wood,components_sourcing,wood,panel_supply,wood,wood_veneer,wood,lumber_quotes_charts
by Web Editor | Feb 9, 2015 | News
Uniboard announced it will invest more than $53 million at its Val-d’Or particleboard and thermally fused laminate (TFL) facility as part of the panel producer’s 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. Uniboard’s composite panel products are used in cabinetry, furniture, casegoods and flooring.
In making the February 5 announcement, 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.
The company received assistance from provincial and federal agencies including Investissement Québec and Economic Development Agency of Canada for the regions of Québec.
Founded in 1976, Uniboard employs more than 800 people, including 186 at the Val-d’Or facility. The company says it has an installed capacity of more than 640 million square feet of raw particleboard, high-density and medium-density fiberboard, of which more than 50 percent is converted into value-added thermally fused laminate and laminate flooring products. Uniboard was acquired by Kaycan in 2012.
From Woodworking Network: https://www.woodworkingnetwork.com/wood/panel-supply/Uniboard-Invests-53-Million-in-Particleboard-TFL-Plant-290986351.html#sthash.DrmfgcDP.d3FU2JWJ.dpbs
