Sylvamo would keep a right to 20% of the business's future distributions, while third-quarter adjusted EBITDA fell 19% to $128 million.
Investments
The plant near Alexandria will turn about 100,000 metric tons of Southern Yellow Pine mill residuals a year into biochar and carbon removal credits, with production expected in the second quarter of 2027.
The company expects lumber prices to improve in the fourth quarter.
Adjusted EBITDA fell to $985 million from $1,013 million, while total assets rose, largely from the Sucuriú project in Brazil.
The family-owned group needs several profitable years before it can fund the Kinnared project, its sawmill chief says, and has set no new date.
A $53.2 million impairment on a previously curtailed Eastern Canada mill drove much of the net loss, while the company expects price fluctuations through early 2027.
Most of the money, C$4 billion, would finance large new mills and biorefineries through a new fund at Export Development Canada.
Higher raw material, transportation and energy costs partly offset the gains, and the company expects continued cost pressure from raw materials, transportation and tariff-related impacts in the fourth quarter.
The Vienna-based company says a contractually agreed investor payment failed to arrive, while its parent Gropyus AG stays out of the proceedings and construction continues.
The two-year project at the uncoated recycled paperboard mill in Virginia starts in early 2027 and keeps output at about 120,000 tons a year during construction.
The Montreal furniture components producer said it will spend several million dollars on new machinery at the Granite Falls plant.
The largest grant, $7.7 million, will expand pallet production from low-grade wood as the state tries to shore up demand for timber from its private forests.
Francisco Ruiz-Tagle, who has led CMPC since 2018, will leave on April 30, 2027, and the board has started searching for a successor.
The Finnish maker of plywood and LVL mill equipment, whose third-quarter sales fell 34%, lowered the top of its 2026 forecast for the second time this year.
Project modernizes Angel Soft bath tissue production with completion expected in Q2 2028.
Investment in wood processing fell 19% and in pulp and paper 31.9%, while manufacturing as a whole was nearly flat.
The Indian plywood and MDF maker’s plants are running at nearly 98% of capacity.
Capacity closures improved the paperboard supply balance and prices; company expects pulp market conditions to improve toward year-end.
The plant in the state of Gujarat will have an acrylic-based coating line for self-adhesive label materials.
The second phase covers the sawmill and log yard and is due in the fourth quarter of 2026; output is set to reach about 220 million board feet a year.