Arauco North America will invest $30 million to grow the particleboard and thermally fused laminate (TFL) capacity at its mill in Bennettsville, SC. The new technology is expected to be in place by the fourth quarter.

Arauco subsidiary Flakeboard's plan to purchase three SierraPine panel mills has been called off. Arauco and SierraPine mutually agreed to terminate the asset purchase agreement "due to certain objections by the U.S. Department of Justice."

Flakeboard's Cathy Hummer discusses the Flakeboard TFL program, substrate products and the company's latest designs.

Effective August 1, 2014, all sales and operations of Arauco in the United States and Canada will be combined under one organization which will operate as Arauco North America.

Plywood and panel maker Arauco will combine all its U.S. and Canadian sales and operations into one organization, effective August 1. Headquarters for Arauco North America will be in Atlanta, GA.

SierraPine will close its particleboard mill in Springfield, OR, resulting in job losses for approximately 90 people

SierraPine has entered into an agreement with Flakeboard America Limited, a US subsidiary of Arauco, for the sale of its western operations, including particleboard mills in Springfield, OR and Martell, CA and an MDF mill in Medford, OR.

Today Flakeboard America Limited, a US subsidiary of Arauco, has agreed to buy the western US panel assets of SierraPine, a California limited partnership, consisting of two particleboard plants located in California and Oregon, and an MDF plant in Oregon.

Arauco subsidiary Flakeboard America Ltd. announced it will buy the western U.S. panel assets of SierraPine. In related news, SierraPine announced it will close its remaining mill in Adel, GA.

ARAUCO has resumed plywood operations at its Nueva Aldea Industrial Forestry Complex plant approximately two years after a devastating forest fire destroyed the facility.