The British Columbia provincial government announced on Tuesday that it will be investing $90 million (CAD) over three years through the new BC Manufacturing Jobs Fund. The fund will focus on areas experiencing economic impacts from changes in the forestry sector.
News in lumber
Interfor Announces Plan to Reduce Lumber Production in Q1
Interfor Corporation on Wednesday announced it plans to reduce its lumber production output in Q1 of 2023 by at least 100 million board feet, or 8% of quarterly capacity. A press release said the move was the result of economic conditions and market uncertainty continuing to impact lumber demand.
West Fraser Announces Indefinite Curtailment of Its Perry Sawmill in Florida
West Fraser Timber Co. Ltd. announced today that it will indefinitely curtail its Perry Sawmill in Florida later this month. The company says the move is due to high fiber costs and softening lumber markets. The curtailment will reduce its US lumber production by 100 million board feet.
Skeena Sawmill Terrace, BC, Facility Announces 3-Week Log Intake Embargo
Citing the high cost of logs and other factors impacting its business, Skeena Sawmills announced in a press release that it had stopped receiving logs at its Terrace, BC, sawmill facility starting on Friday, January 6, 2023. The log intake embargo is scheduled to last three weeks.
USDA Announces Appointment of Four Members to Serve on the Softwood Lumber Board
The US Department of Agriculture announced on Monday the appointment of four members to serve on the Softwood Lumber Board. Each appointee will serve a three-year term, effective immediately, through December 31, 2025. The Softwood Lumber Board is comprised of 14 members.
Anthony Timberlands to Pause Production at Its Malvern Sawmill Facility for a Month
Steven Anthony, President of Anthony Timberlands, announced that effective Saturday, its sawmill operation located in Malvern, Arkansas, will pause for one month. Lumber inventory levels will be drawn down at the facility’s planner mill, at which point it too will pause operations.
Vaagen Fiber Canada Announces Indefinite Shutdown of Its Midway, BC, Sawmill Facility
Vaagen Fiber Canada, a family-owned sawmill located in Midway, BC, announced on Saturday that it was indefinitely shutting down its facility due to a lack of logs. The closure will impact 85 workers, as well as approximately 100 vendors, suppliers, and contractors.
Canfor Announces Extension of Temporary Sawmill Curtailments at Select Facilities in BC
Citing ongoing weak market conditions and the lack of available economic fiber, Canfor Corp. announced on Tuesday that it was extending the temporary sawmill curtailments—originally announced on December 5, 2022—at select solid wood facilities in British Columbia.
Domtar Agrees to Sell Its Dryden Pulp and Thunder Bay Pulp & Paper Mill to Address Competition Concerns With Its Acquisition of Resolute Forest Products
Canada’s Competition Bureau has entered into a consent agreement with Domtar Corporation to address the competition concerns with its acquisition of Resolute Forest Products Inc. Domtar Corporation has agreed, post-transaction, to sell its Dryden pulp mill and Thunder Bay pulp and paper mill to two independent purchasers.
Fire at Shuqualak Lumber Company Planer Mill Division Destroys One Kiln and Heavily Damages Another
Shuqualak Lumber Company, located in Shuqualak Mississippi, Planer Mill Division suffered a catastrophic fire on Monday (12-26-22) which destroyed one […]