On Thursday, Hancock Lumber announced its plans to acquire Madison Lumber Mill, located in Madison, New Hampshire. The sale is expected to close on or before September 30th. Hancock has indicated the mill will continue to operate under the Madison Lumber name.
News in lumber
Builders FirstSource Acquires Trussway
Builders FirstSource, the nation’s largest pro dealer with roughly 560 locations in 42 states, has announced it has acquired Trussway, a provider of prefabricated roof and floor trusses, as well as other value-added building components and services, including for the multifamily sector.
Canada Officially Files Notice of Challenge to US Softwood Lumber Duties
Canada’s International Trade Minister Mary Ng announced on Monday that the Canadian government has filed a formal notice of challenge under the US–Mexico–Canada trade agreement’s dispute resolution system, in regard to US duties on Canadian softwood lumber.
Rosboro Company Announces Temporary Production Reduction at Its Springfield, Oregon, Stud Mill
Citing soft markets for framing lumber and elevated costs for raw materials, Oregon-based Rosboro Company announced today that it was temporarily reducing production, effective immediately, at its Springfield stud lumber mill.
Conifex Timber Inc. Announces Reduced Operations at Its Mackenzie, BC, Sawmill
Citing “acute transportation challenges,” Conifex Timber Inc. announced on Monday that it was reducing its operating schedule at its Mackenzie, British Columbia, sawmill facility to a one-shift basis for up to six weeks.
Tahoe Forest Products Ready to Start Construction on New Sawmill
Tahoe Forest Products, in a partnership with Washoe Development Corp., an affiliate of Washoe Tribe of Nevada and California, announced on Tuesday that they have officially leased 40 acres and plan to build the first major sawmill in the region in decades.
Lumber Production Increases in Canada in May; Remains Down Year-Over-Year
Statistics Canada reported on Friday that lumber production in Canada increased 7.2% month-over-month (April 2022 to May 2022) to 4,649.5 thousand cubic meters. However, year-over-year production (May 2021 to May 2022) was down 5.3%.
West Fraser Announces Permanent Production Curtailments at Fraser Lake and Williams Lake Sawmills and Quesnel Plywood Mill
West Fraser Timber announced on Tuesday that it is permanently curtailing approximately 170 million board of combined production at its Fraser Lake and Williams Lake sawmill facilities and approximately 85 million square feet of plywood production at its Quesnel Plywood mill.
Canada to Challenge US Softwood Lumber Duties Under USMCA
On Thursday, the US Department of Commerce issued the final determination on its third administrative review (AR3) of US imports of certain softwood lumber products from Canada. In response, Canada said that it intends to challenge the final determination, including through launching a dispute settlement process under the US-Mexico-Canada trade agreement (USMCA).
US DOC Issues Final Determination in the Third Administrative Review of US Lumber Imports from Canada
On Thursday, August 4th, the US Department of Commerce (DOC) issued the final determination on its third Administrative Review (AR3) of US imports of certain softwood lumber products from Canada.