Irving Forest Products will acquire the Masardis Sawmill in Masardis, Maine. It currently employs 80 people and has the capacity to produce 115 million board feet annually.
News in lumber
GreenFirst Forest Products Sells Its Softwood Lumber Duty Refunds to Mahogany Investors
GreenFirst is selling its softwood lumber duty refunds to Mahogany Investors for US$17.5 million, Nothern Ontario Business reported.
Canadian Industrial Product and Raw Materials Price Indices for November
Prices for lumber and other wood products jumped 5.7%, marking the largest monthly increase since March 2022 (7.5%).
Resolute Closes Its Maniwaki, QC, Sawmill for Six Months
On December 20, Resolute began a temporary closure of its Maniwaki, Quebec sawmill, CBC News reported. Union officials say the closure is expected to last at least six months.
Dunkley Lumber Completes Modernization of Edgewood Forest Products Sawmill in Saskatchewan
Dunkley Lumber has completed a three-year, C$240-million modernization of its sawmill in Saskatchewan, according to a feature by Forestnet.
BC’s Sundher Timber Products Acquires Great Western Lumber in Everson, WA
Sundher Timber Products has recently acquired Great Western Lumber in Everson, Washington, according to BIV.
Higher Lumber Prices Push Up Building Materials Costs for New Homes in November
Prices for inputs to new residential construction—excluding capital investment, labor, and imports—were unchanged in November, the BLS and NAHB reported.
Southern Pine Lumber Exports Surge in 2024 Despite Quarterly Fluctuations
According to data recently released by the USDA’s Foreign Agricultural Services’ Global Agricultural Trade System, exports of Southern Pine lumber […]
Roseburg Forest Products Lays Off 2.5% of Its North American Workforce
Roseburg Forest Products confirmed that it laid off approximately 2.5% of its workforce across all North American locations early last month, while 120 positions are slated to be filled at Oregon facilities through 2026, The News-Review reported.
San Group Files for Creditor Protection
The San Group, which operates two sawmills and a remanufacturing plant in Port Alberni, has filed for creditor protection, the Times Colonist reported.