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."

Total North American production capacity of particleboard, MDF, hardboard and engineered wood siding decreased 4.4 percent from January 2013 to January 2014, according to the Composite Panel Association (CPA).

Michelman has introduced Michem Wood Release 2137, a mold release agent used in the production of particle board that uses pMDI as the adhesive.

West Fraser continues its acquisition spree with the purchase of Bibler Brothers Lumber and Buchanan Lumber, following on the heels of last month's purchase of Travis Lumber.

IKEA plans to build a furniture factory in Russia, alongside the particleboard plant it purchased from Pfleiderer in 2013. The furniture giant said the new factory will create approximately 250 jobs.

IKEA announced plans to build a new furniture factory in Novgorod, Russia.

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.