BONN GERMANY -- The German Federal Cartel Office (GFCO) has imposed fines totaling approximately € 42 million ($57.9 million) on four manufacturers of particleboard, oriented strand board and other wood-based products for conspiring to fix prices of their products.
The Composite Panel Assn. has launched a new Eco-Certified Composite Sustainability Standard and Certification Program for producers and users of composite panels. The ECC voluntary standard replaces the group’s previous Environmentally Preferable Product designation.
International Paper announced it has reached a definitive merger agreement with Temple-Inland Inc. and will acquire all of the composite panel and packaging manufacturer's outstanding common stock for $32.00 per share in cash, plus the assumption of $600 million in Temple-Inland's year-end debt. The total transaction value is approximately $4.3 billion.
SACRAMENTO, CA -- The California Air Resources Board (CARB) has updated the comprehensive sell-through Regulatory Guidance document to reflect the updates in extensions previously announced for products covered by its 2007 airborne toxic control measure aimed at curbing formaldehyde emissions from composite wood panels.