- In October 2024, Litco International enhanced its INCA Dover facility by installing a new boiler and hammermill system, aiming to minimize operational downtime and boost the efficiency of producing its Engineered Molded Wood™ pallets. This modernization initiative underlines Litco’s ongoing commitment to sustainability and operational excellence. This strategic upgrade is expected to reinforce the company’s leadership in the molded wood pallets segment by increasing production reliability and capacity
- In September 2024, Hartmann North America revealed its expansion plans for production facilities located in Rolla, Missouri, and Brantford, Ontario, Canada, including the addition of new production lines and infrastructure improvements to elevate manufacturing and warehouse capabilities by the end of 2025. This expansion will enable Hartmann to meet rising product demand while strengthening its North American supply chain resilience
- In May 2024, James Jones & Sons Ltd expanded its footprint in the Australian pallet industry through its subsidiary Hyne Timber Pty Ltd, which acquired Express Pallets and Crates following its earlier acquisition of Rodpak in Melbourne. This strategic move complements the company’s existing sawn timber operations and enhances its market penetration on the East Coast. This dual acquisition strategy demonstrates the firm’s commitment to growth and diversification within the Asia-Pacific pallet sector
- In May 2024, the shareholders of Loscam, a prominent pallet pooling service provider in Asia, began exploring the sale of the company, with China Merchants Group, Citic Capital, and Fountainvest Partners reportedly engaging with infrastructure-focused investors to negotiate a potential deal worth over USD 2.0 billion. The prospective sale could reshape the competitive landscape of pallet pooling services across Asia by introducing new capital and strategic direction
- In April 2023, Brambles finalized the merger of its CHEP China operations with Loscam China after receiving the required regulatory approvals. This consolidation of two key players in the Chinese pallet market represents a significant step toward improving logistics efficiency and pooling capabilities in the region. The merger is expected to enhance Brambles’ regional competitiveness and streamline operations in one of the fastest-growing logistics markets.
