New entity would control 1.2 million hectares of land and emerge as Europe's largest listed pure play forest company.
Strategie
Lumber pricing rises on tighter supply, but weak demand, duties, and disruptions cut shipments and keep both lumber and pulp operations under pressure.
Volatile mortgage rates, weather disruptions, and cautious housing demand weigh on results and margins, with the largest pricing and gross-margin pressure in engineered wood products.
Shareholders receive one WISA share per UPM share as plywood unit targets Nasdaq Helsinki listing by November 2026.
Mortgage rates above 6% and tariff uncertainty shape 2026 operating plans and input-cost expectations.
The plan targets mill operations, regulatory changes, and new markets for Ontario wood products.
Possible temporary layoffs would run from June through December and cover parts of Packaging and Paper, and Pulp, Energy and Circularity.
The project is intended to improve wood-use efficiency, raise productivity, and expand development of plywood products, including large-format plywood, for international markets and the EU.
The forestry group cites higher logistics and input costs, a stronger krona and uneven pricing between wood supply and finished products, while pointing to small pulp-price gains late in the quarter.
New agreement includes annual sea-freight emissions cuts as Ultra Yorkshire delivers biomass pellets to Liverpool on B100 biofuel.
Interim office of the CEO formed as Scott Sutton resigns, with CFO Marcus Moeltner among four executives leading transition.
Weak lumber demand and price pressure in China, a stronger ruble, and high interest costs drove asset impairments, capacity curtailments, and lower fourth-quarter sales.
New estimates show lumber demand is more sensitive to housing starts than to GDP per capita or prices, and the revised setup produces lower long-run demand.
Company leverages 2 million tonnes of annual biomass management as it develops 42 biomethane projects across Iberian Peninsula.
Residential permits reached $8.1 billion on gains in multi-unit projects, while total building permits fell 8.4% after a sharp drop in non-residential approvals.
The site has installed an automated pallet nailing machine and a package saw, allowing it to make standard and special-format pallets with dense and open deck designs.
Restructuring delivers $8 to $12 million in annualized savings while shipment volumes remain unchanged.
Backed by over $4 million in federal IFIT funding, the Clinton, Ontario, facility will use robotics to produce wooden trusses and reduce waste.
Industry groups seek a three-year bankruptcy moratorium as losses top 15 billion rubles.
The planned deal will add cabinets, flooring and distribution brands to the company’s home services business, with closing scheduled after its annual shareholder meeting in May.