West Fraser lowered its 2025 lumber shipment targets to 2.6–2.7 billion board feet of SPF and 2.4–2.5 billion of SYP, citing weak demand.
News in lumber
Southeastern Timber Products Completes Ackerman, MS, Sawmill Expansion
Southeast Timber Products has expanded its Ackerman, Mississippi, operations with a new $120 million sawmill, increasing capacity to 300 million board feet annually, WCBI reported.
Tempe, AZ, Sawmill Repurposes Downed Trees After Microburst
After Tempe’s microburst felled hundreds of trees, Wine Glass Bar Sawmill is reclaiming 40 tons of acacia and mesquite logs for custom furniture, Fox 10 reported.
Canadian Industrial Product and Raw Materials Price Indices for September
The IPPI rose 0.8% in September and 5.5% year-over-year. Softwood lumber fell 10.7%, the largest decrease since June 2022.
Softwood Lumber Board and US Forest Service Mark Decade of Partnership
The Softwood Lumber Board and USDA Forest Service mark over a decade of partnership that has driven $100 million in wood-building initiatives and expanded lumber markets.
Interfor Cuts Lumber Production Further in Q4
Interfor will cut Q4 lumber production by ~250 million board feet (26%). Reductions are split about evenly between Canada and the US.
Canada to Provide New Financial Support for Softwood Lumber Sector
Canada will offer up to CA$700 billion to softwood lumber producers through loans supported by the Business Development Bank of Canada.
Van Urban Timber Obtains Approval to Expand Squamish, BC, Sawmill Operations
Squamish city council approved Van Urban Timber’s plan to replace its existing sawmill with a larger facility, expanding operations in the Business Park.
Rayonier and PotlatchDeltic Agree to Merge in All-Stock Deal
The merger combines approximately 4.2 million acres of timberlands and seven wood products facilities, including six lumber mills and one industrial plywood mill.
Interfor Indefinitely Shuts Down Grand Forks, BC, Sawmill
Interfor has indefinitely shut down its Grand Forks, BC, sawmill, citing weak markets and new duties, Castlegar News reported.