Canfor Corporation on Monday announced a temporary reduction in production in British Columbia due to challenging market conditions. The production capacity will be reduced through a two-week curtailment beginning on Monday, September 26, 2022, at the majority of solid wood facilities in BC.
News in lumber
PotlatchDeltic Corporation Completes Merger With CatchMark Timber Trust
PotlatchDeltic Corporation announced on Wednesday that it has successfully completed the previously announced merger with CatchMark Timber Trust Inc. in an all-stock transaction, creating a leading integrated timber REIT.
Monday Morning Fire Destroys R-Y Timber’s Planer Building and Machinery in Livingston, Montana
An early morning fire on Monday at R-Y Timber in Livingston, Montana, destroyed the company’s planer building and its contents. Firefighters were able to contain the fire to the planer building, and no other buildings at the facility were impacted.
Weyerhaeuser Reports Work Stoppage in Oregon and Washington State
According to an announcement by Weyerhaeuser on Tuesday, a work stoppage by employees is affecting its operations in Oregon and Washington. Approximately 1,200 members of the International Association of Machinist and Aerospace Works Union have walked off the job and are currently on strike.
Resolute Forest Products Breaks Ground on New Planer Mill at Its Senneterre, Quebec, Sawmill Facility
Resolute Forest Products held a groundbreaking ceremony to mark the start of construction on a new planer mill that will be next to its Senneterre, Quebec, sawmill facility. Plan to modernize were initially announced in July 2021 and also include the installation of automated sorting bins.
BC’s San Group Announces Investments to Expand San Forest Products and Acorn Sawmill
San Group recently announced expansion projects totaling $23 million (CAD) to expand the company’s flagship value-added division, San Forest Products in Port Alberni, and the newly acquired Acorn Sawmill in Delta.
Hancock Lumber to Acquire Madison Lumber Mill
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.
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.