The BID Group, one of the largest integrated suppliers to the wood processing industry and the North American leader in the field, has received an order from Georgia-Pacific to deliver a new sawmill at its Pineland, Texas operation. The new sawmill will replace the existing stud sawmill.
News in lumber
SDS Lumber and Timber Co. Reveals the Names of the Company’s Buyers
SDS Lumber and Timber Co. has been a forest products industry fixture since the 1940’s. The Bingen, Washington-based company manages nearly 100,000 acres of Pacific Northwest forest reserves on top of it mill operations. Late last week, a consortium of three separate entities were announced as the new owners.
California Governor Vetoes Tropical Deforestation Bill — Cites Added Burden on Small Businesses Trying to Participate in State Contracts
On Wednesday (10-6-21), California Gov. Gavin Newsom vetoed a bill that would have required businesses selling certain products to the state to prove they’re not contributing to tropical deforestation. Environmental advocates had hoped Newsom would make California the first state to limit contracts to businesses that can prove their supply chains don’t engage in the destruction of tropical forests, which is a major contributor to global climate change.
EACOM Timber to Invest $10 million to Upgrade Housing at Gogama Mill
Recognizing that workers in remote areas live a large portion of the year on the sawmill’s site, EACOM Timber company has announced its intention to invest $10 million (CAD) to replace the Gogama sawmill’s aging housing facilities.
Swedish Wood Manufacturer VIDA Investing 10 Milliion Euros in 6 Valutec Continuous Kilns
VIDA, a global supplier of manufactured wood products from sustainable Swedish forests, has announced that it is investing over 10 million Euros in Valutec continuous kilns that will be installed at 6 of the group’s sawmills.
Softwood Lumber Board and U.S. Dept. of Agriculture Sign Memorandum of Understanding to Support Net-Zero Carbon Construction
Under the terms of the MOU, effective immediately, the SLB and USDA will expand a public-private partnership that seeks to grow demand for wood products as natural climate solutions. The organizations will jointly explore and coordinate additional market development, research, technological advances, and other activities to expand the use of wood in the built environment.
Sawmill Insurance Coverage Getting More Difficult to Secure
Sawmill operators have always operated in a supply and demand market. Currently, however, they are dealing with another and somewhat unfamiliar supply and demand problem: the lack of insurance companies willing to write policies covering their property, as well as business interruption insurance.
Log Yard Fire at West Fraser Sawmill in Chetwynd, B.C. Destroys Thousands of Logs
News 1130, a Vancouver based AM radio station, is reporting a major fire at the West Fraser Sawmill in Chetwynd, British Columbia (northern) on Thursday. According to Chetwynd Mayor Allen Courtoreille, the wind carried sparks from one pile to another.
West Fraser Announces Output Reductions at Lumber and Panel Mills during Q3
West Fraser announced the reduction of between 5% and 10% of output during Q3.
Rayonier Advance Materials Inc. Completes Sale of its Lumber and Newsprint Assets to GreenFirst Forest Products Inc.
On Monday, August 20, 2021, Rayonier Advanced Materials Inc. reported that it has completed its previously announced sale of its lumber and newsprint assets (the “Purchased Assets”) to GreenFirst Forest Products Inc. (“GreenFirst”), a Canadian lumber company, for a total purchase price of approximately US$235 million, subject to final adjustments.