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Hilco Smarter Insights
UNFORESEEN COMPLEXITIES OF INDUSTRIAL ASSET DISPOSITION WARRANT CAREFUL SELECTION OF A TURNKEY BUYER
By Robert Bouland and Ingrid HelslootI
By the summer of 2019, the increasingly competitive global landscape in Aluminum Foil production, driven in large part by increased pricing pressure from Asia manufacturers, had made it economically unfeasible for one of the world’s leading industrial aluminum companies, Novelis Inc., to continue profitable production at its Lüdenscheid Germany aluminum foil mill. In August of that year, about 12-months prior to ceasing full time production, the company announced publicly that the plant would close.
Pandemic Impacts Continue to Shape
the Course of Forestry Markets
By Jesse Marzouk
With construction designated as an essential service across much of the country since the start of COVID-19, continued, though somewhat diminished, new construction and remodeling demand has helped to sustain U.S. lumber markets. Pricing levels have also been bolstered by downtime taken at some western Canadian sawmills as a consequence of the pandemic and a lack of source fiber due to ongoing government limitations on cutting demand from toilet paper manufacturers, in particular, helped to bolster pulp prices over the past few months.