First decline of the year signals fragile economic recovery.
Exports of plywood from Brazil grew 7%.
The estimated sales for the overall market in March were $1.4 million. For the year-to-date period, the overall market estimated sales were $3.9 million.
Prices for logs increased by 4%.
Price for logs exported from Brazil expanded 13%.
Since its establishment, the De Pere mill has specialized in the production of wet lap fiber, with the capability of producing 450 tons per day of quality sustainable fiber.
Five employees are responsible for operating the facility and will be joining the ND Paper team.
Gross profit was $1.3 billion, a decrease of 5.2% compared to the prior year period.
He will lead New Forests’ expansion in Africa.
Exports to Iraq lead with over 20% share.
Lower lumber prices and decreased shipments contribute to reduced revenue.
Suzano's bid hinges on International Paper abandoning DS Smith deal, according to Reuters.
This level is still 10% below the first-quarter averages recorded from 2019 to 2023.
The transaction was concluded for a total consideration of approximately US$1.8 million, on a cash-free and debt-free basis, subject to customary adjustments, financed through the Supremex existing credit facility.
Net income for the Q1 2024 was $17 million, or $1.02 per diluted share, compared to net income for the Q1 2023 of $24 million, or $1.40 per diluted share.
Designed for optimal energy efficiency, the new AHEAD 1.8 machine features an upgraded design TT NextPress shoe press, a third-generation TT SYD Steel Yankee Dryer, and high efficiency TT Hood.