by Web Editor | Mar 20, 2015 | News
Norbord And Ainsworth Lumber Provide Update On Merger And Closing
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548376180744-0'); });
Norbord Inc. and Ainsworth Lumber Co. Ltd. today announced that they have been informed by the Antitrust Division of the United States Department of Justice that it has closed its review of the previously announced combination of Norbord and Ainsworth. Norbord and Ainsworth expect the transaction to be completed on March 31, 2015.
On December 8, 2014, Norbord and Ainsworth announced that they had entered into an arrangement agreement under which Norbord and Ainsworth would merge to create a leading global wood products company focused on oriented strand board (OSB) across North America, Europe and Asia.
Under the terms of the transaction, Norbord will acquire all of the outstanding common shares of Ainsworth in an all-share transaction. Ainsworth shareholders will receive 0.1321 of a share of Norbord for each Ainsworth share.
On January 27, 2015, the transaction was overwhelmingly approved by the shareholders of each of Norbord and Ainsworth. On January 30, 2015, the Supreme Court of British Columbia granted a final order approving the combination of Norbord and Ainsworth by way of a plan of arrangement under the Business Corporations Act (British Columbia).
RELATED ARTICLES
WEST FRASER PURCHASES NORBORD FOR $3 BILLION
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548375988914-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1589916740199-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548376916922-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548376961890-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548377005333-0'); });
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 4, 2015 | News
Last November, the Hines development company unveiled plans for a new office building in the North Loop section of Minneapolis. Seems like ordinary news, except that the building would be the first of its kind in the U.S to be made primarily of wood. The builders refer to the project as “T3” for “Timber, Technology and Transit.”
“This building is very unique,” the lead architect, Michael Green, told the Minneapolis Heritage Preservation Commission earlier this month. “It is the first large-scale office building built of timber in America. It is part of a revitalization of century-old ideas of how to build buildings.”
At the federal level, the U.S. is encouraging the use of sustainable wood products in building. The MinnPost reports that Green says that wood grown sustainably has a smaller carbon footprint than concrete and steel. If this seven-story building were to go forward, it would include a foundation and a first floor made of concrete and steel and six stories of mass timber construction.
As Next City columnist Alexis Stephens reported in “Can Taller Buildings Make Toronto More Affordable?,” the province of Ontario recently relaxed height restrictions on wood-frame construction to encourage residential density.
In Minneapolis, the MinnPost notes, the city has been flexible. Dan Callahan, supervisor of the city of Minneapolis’ plan review section, said he has had several meetings with the T3 team to talk through building code issues. The building would fit under code sections for heavy timber buildings. Callahan said he expects further meetings to get more information and to present the design team with other issues the city has before a formal permit application is received.
From NextCity.org: https://nextcity.org/daily/entry/minneapolis-office-building-wood-plans
by Web Editor | Feb 24, 2015 | News
From: Panel World Staff
Martco L.L.C. announced the selection of Corrigan, Texas as the location for a new, state-of-the-art oriented strandboard (OSB) facility. The facility is expected to employ 165. Construction is scheduled to begin this summer, with startup anticipated by fall 2017. Corrigan OSB, L.L.C. will complement Martco L.L.C.’s existing wood products manufacturing plants in Oakdale, La. (OSB); Chopin, La. (plywood); and Mexia, Ala. (lumber and timbers).
According to Martin Companies, L.L.C. Chairman and CEO Jonathan Martin, “Ever since my grandfather started out in the wood product industry more than 90 years ago, our family has taken pride in utilizing raw materials to the fullest extent possible. This business model has led to Martco’s growth as a leading supplier in the wood products industry. The timing is right for us to position ourselves to more effectively meet the increasing demand for building products into the foreseeable future.”
“We believe that East Texans have a tremendous amount of community passion, experience and knowledge, and we look forward to becoming a proactive community partner,” adds Roy O. Martin III, president. “Martco will extend its philosophy of being ‘employer of choice’ and ‘vendor of choice’ to this region, while maintaining the stability of a well-established, family-owned, professionally managed company committed to its stakeholders.”
Martco’s commitment to this region reaches beyond its future workforce. Senior Vice President and COO Scott Poole explains, “We look forward to extending our pride and dedication to sustainable forestry practices through additional foresters and loggers. With this expansion, we will continue to be good stewards of our forests, while delivering a full line of wood products across the country and world.”
Based in Alexandria, La., Martco L.L.C.’s existing manufacturing facilities employ 1,100. All of Martco L.L.C.’s wood products are available Forest Stewardship Council (FSC) certified.
by Web Editor | Feb 20, 2015 | News
From: Panel World Staff
Oregon State University has begun an initiative to build a $60 million complex to accelerate its forestry education programs and research on advanced wood products at Corvallis, Ore. The Oregon Forest Science Complex will encompass renovation of existing OSU campus facilities as well as new construction; showcase innovative uses of wood in building design; and allow the College of Forestry to help meet the world’s growing demand for energy efficient, tall buildings made from sustainable building products.
The project includes a $30 million fundraising goal. Once philanthropic commitments are secured, OSU will seek matching bonds from the state. Bonding for the project was included in the governor’s capital budget for consideration in the upcoming legislative session.
The initiative was announced in Portland at the Oregon Leadership Summit of the Oregon Business Plan by Thomas Maness, the Cheryl Ramberg Ford and Allyn C. Ford Dean of the College of Forestry.
“We are excited about leading a new national effort to advance the science and technology necessary to primarily use wood in the construction of 5- to 20-story buildings,” Maness says. “Developing these new, competitively priced, environmentally friendly products will not only increase the value of Oregon’s natural resources, but also grow jobs in our rural communities, with substantial benefits for our state.”
Seeking new methods to reduce the carbon footprint of high-rise construction, architects and engineers from Austria to Canada, Norway and New Zealand have begun constructing buildings with exceptionally strong wood products. This cross-laminated timber is made of strips of wood glued together across the grain, and panels can be more than 1 foot thick and 80 feet long.
Read more on this story in the March issue of Panel World…
by Web Editor | Feb 13, 2015 | News
From: Panel World Staff
The Vienna International Wood Products/Markets Conference, Expo & Tours will be held June 16-21 in Vienna, Austria. The event is organized by International Wood Markets Group, Inc. and Georgia Research Institute.
On June 16 will be an invitation-only Schweighofer Prize reception and dinner. The Schweighofer Prize ceremony is held every two years and awards money for technologies, products and services that strengthen the competitiveness of the European forest-based industries. More than 600 international delegates from 40 countries are expected to attend.
The conference and expo will be held June 17 at the Hotel Savoyen Vienna. Speakers from Europe and worldwide will address trends, issues and outlooks in international sawn wood and panel markets, including Europe, Russia, China, Middle East and North America. The full day conference will assess global market opportunities and wood products trade. Concurrently on June 17 an all-day wood products equipment supplier exposition will be held adjacent the conference.
June 18-19 will feature an Eastern Austria Industry Tour of mills producing lumber, cross laminated timber and engineered wood products. The tour starts and ends at the conference hotel in Vienna, with one night spent outside of Vienna.
On June 20-21, Schweighofer will host a tour in the Radauti area of Romania of its large single line sawmill, a laminated post-and-beam plant, an edge-glued panel plant, particleboard plant and pellet mill. The tour will spend two nights in Radauti and ends at the Vienna Airport.
Read more on this story in the March 2015 issue of Panel World…
