The profits of all the major timber companies in the world have declined dramatically!
the economic downturn and trade conflicts have hindered the development of the wood industry. In the third quarter, the profits of all the major wood industry companies in the world fell sharply!
CanFor’s third quarter earnings loss of $124 million is just the beginning, and then the timber companies that successively published the third quarter’s earnings have seen a significant decline in profits. The huge loss of canFor may also indirectly contribute to the privatization of canFor.
Norbord Inc. is an international wood-based panel manufacturer with assets of US $1.9 billion. There are 17 factories in the United States, Europe and Canada. OSB is produced in the US, Canada and Europe. In addition, MDF, particleboard and furniture are also produced in Europe.
Stora Enso reported a 7% drop in sales in the third quarter of 2019. From a record high of 2.585 billion euros last year, it fell to 2.402 billion euros. The price of pulp, cardboard and sawn timber decreased significantly, the delivery volume of paper products decreased significantly, and the divestiture of Dawang paper industry in China affected the company’s overall revenue.
Resolution Forest Products Inc. is a Delaware corporation established on January 25, 2007. The company is a global leader in the forestry products industry, with diversified production lines including newsprint paper, commercial printing paper, market pulp and wood products, and sales markets in nearly 80 countries. In the United States, Canada and South Korea, the company owns and operates 18 pulp and paper mills and 23 wood processing plants.
the group’s comparable operating results in January September 2019 were 418 million euros, and the group’s net income in the third quarter was 75.9 million euros. Sales fell to 1.37 billion euros; softwood pulp prices rose slightly due to low pulp prices in Europe and China, weak demand for sawn timber, veneer products and other factors.
Biesse’s sales fell 2.0% in the first nine months of 2019
Biesse group, the world’s leading wood processing technology company, had sales of 511 million euros in the first nine months of 2019, down 2.0% from 5218 million euros in the same period of 2018. The group’s EBITDA for the first nine months was EUR 56 million, down 8.1% from EUR 60.9 million in 2018.如无特殊说明，文章均为本站原创，转载请注明出处。If there are no special instructions, the articles are original, if you want to use or reproduce, please indicate the original source www.plywoodinspection.com,If you find that our articles infringe on your copyrights and interests, please email us at email@example.com in time and we will delete it at the first time.