Twin Rivers Paper Company announced on Friday that it had reached a definitive agreement to sell its softwood lumber mill located in Plaster Rock, New Brunswick, to eastern Canadian lumber manufacturer and North American forest products company Groupe Lebel.
News in lumber
Canadian Lumber Production Rises Month-Over-Month in September
Statistics Canada reported today that lumber production increased 1.9% from August 2022 to 4,341.8 thousand cubic meters in September. However, production was down year-over-year by 6.1%.
Interfor Completes Acquisition of Chaleur Forest Products From an Affiliate of the Kilmer Group
Interfor Corporation announced on Wednesday that it has completed the previously announced transaction to acquire 100% of the equity interests in the entities comprising Chaleur Forest Products in New Brunswick, Canada, from an affiliate of the Kilmer Group.
Western Forest Products Announces Temporary Lumber Production Reduction for the Remainder of 2022
Western Forest Products announced today it plans to temporarily reduce lumber production output by approximately 20 million board feet through the remainder of 2022. This to manage inventory levels to meet current market conditions.
Cree First Nation Reopens Lumber Mill, Creating New Jobs and Hoping to Address Social Issues in the Community
The Cree Community of Waswanipi has reopened a lumber mill in the hopes of attracting jobs and addressing some of the social issues in the community. The facility has been dormant since 2012 and needed an overhaul to make it operational again.
Mission Forest Products Holds Ribbon Cutting Ceremony
Mission Forest Products held a ribbon cutting ceremony on Wednesday to celebrate the opening of their new sawmill, located outside the city limits of Corinth, Alcorn County, Mississippi.
New Employment Opportunities to Support Rural BC Forestry Workers
The BC Government announced on Monday that more employment opportunities are in progress for contractors and forestry workers throughout rural BC under the province’s Forest Employment Program (FEP). It will be funded through the province’s $185 million support package to help British Columbians impacted by old growth deferrals.
Western Forest Products Announces Temporary Curtailment at Its Port Alberni, BC, Sawmill
Western Forest Products said that operations at its sawmill in Port Alberni, BC, have been temporarily curtailed. Work at the Alberni Pacific Division Sawmill has been curtailed since mid-October, and currently there is no date set for when it may restart.
Resolute Forest Products Shareholders Vote in Favor of Paper Excellence Group Offer
Resolute Forest Products Inc. (RFP) announced on Monday that their stockholders have approved a proposal to adopt the Agreement and Plan of Merger, dated July 5, 2022, for the $2.7 billion acquisition offer from Paper Excellence Group.
Weyerhaeuser Strike Comes to an End
Weyerhaeuser announced on Friday afternoon the successful resolution to a more than 6-week labor dispute, which has interrupted production in Oregon and Washington. The new agreement will result in the resumption of normal operations at all sites.