VIDA, a global supplier of manufactured wood products from sustainable Swedish forests, has announced that it is investing over 10 million Euros in Valutec continuous kilns that will be installed at 6 of the group’s sawmills.
Under the terms of the MOU, effective immediately, the SLB and USDA will expand a public-private partnership that seeks to grow demand for wood products as natural climate solutions. The organizations will jointly explore and coordinate additional market development, research, technological advances, and other activities to expand the use of wood in the built environment.
Sawmill operators have always operated in a supply and demand market. Currently, however, they are dealing with another and somewhat unfamiliar supply and demand problem: the lack of insurance companies willing to write policies covering their property, as well as business interruption insurance.
News 1130, a Vancouver based AM radio station, is reporting a major fire at the West Fraser Sawmill in Chetwynd, British Columbia (northern) on Thursday. According to Chetwynd Mayor Allen Courtoreille, the wind carried sparks from one pile to another.
West Fraser announced the reduction of between 5% and 10% of output during Q3.
On Monday, August 20, 2021, Rayonier Advanced Materials Inc. reported that it has completed its previously announced sale of its lumber and newsprint assets (the “Purchased Assets”) to GreenFirst Forest Products Inc. (“GreenFirst”), a Canadian lumber company, for a total purchase price of approximately US$235 million, subject to final adjustments.
Prompt action by employees at the Resolute sawmill wood yard in Thunder Bay, Ontario helped to prevent a fire, caused by mechanical issues, in a large log mover from spreading into the adjacent log stockpile.
A rule that allowed foreign producers, such as Canadian lumber producers, to quickly apply for lower countervailing duty rates if they weren’t individually investigated by the U.S. Commerce Department in its original duty inquiry has been eliminated in a decision handed down by the U.S. Court of International Trade.
Western Forest Products (WFP) announced Thursday (8-12-21) that it has completed the sale of certain properties, including the Somass Sawmill site to the City of Port Alberni for $5.3 million.
The Western Wood Products Association (WWPA) is reporting that in May, North American softwood lumber production increased 11.5% year-over-year (YOY). Canadian production increased 13.3% YOY and in the U.S., production rose 10.4%.