Trex Company, Inc., the world's largest manufacturer of wood-alternative decking and railing and a leader in high-performance, low-maintenance outdoor living products, announced that Brenda Lovcik has resigned as Senior Vice President and Chief Financial Officer (CFO) to accept a position in Minnesota, near to her family.
Vida announced that following six years as CEO, Måns Johansson, will be taking on a new role within the group as Vice Chair of the Board of Directors of Vida AB, and he will also continuing as President for Canfor Europe.
Huhtamäki Oyj has signed a Euro 150 million freely transferable loan agreement (Schuldschein). The loan is targeted to institutional investors. It is divided into two floating rate and two fixed rate tranches with maturities of 5 and 7 years.
Approximately 290 employees will be affected by the closures, which will also reduce Canfor's U.S. lumber production capacity by 350 million board feet annually.
