Ponsse presents good results for the first quarter of 2023
The forest machine market functioned well during the first quarter. Demand for Ponsse machines picked up in the middle of the period under review. Net sales increased by approximately 29 per cent to EUR 201.7 (156.1) million. The fastest-growing business areas were new machine sales, maintenance services, and their technology company Epec. Demand for used machines was also high. New machines were delivered to customers at an accelerating pace as the availability of parts improved. Ponsse’s euro-denominated operating profit in 2023 is expected to be slightly higher than the operating profit of its continuing operations in 2022. Source
Landrich scales-up and improves operations
The addition of a new manufacturing and assembly line for a multi-functional harvester will help ALPA Equipment Company improve its production and create 15 new jobs in the process. Source
FPInnovations and Groupements forestiers Québec receive $6.7M in funding from MEI to drive the forest sector’s digital transformation
Groupements forestiers Québec, a powerful force in Québec forestry with its more than 26,000 private forest landowners, and FPInnovations, a private not-for-profit organization that specialises in the creation of solutions in support of the Canadian forest sector’s global competitiveness, have been awarded $6,678,540 as part of the Digital Transformation Offensive (DTO), a strategic initiative led by the Québec Ministry of the Economy and Innovation (MEI), in order to accelerate the digital transformation of companies in all sectors of activity and regions of Québec. Source