News in lumber


Lumber Demand Expected to Remain Strong, Even in a Recessionary Period

At last Thursday’s Council of Forest Industries conference, analysts and economists speaking at the forum began using the dreaded “R” word. Some speakers said openly that by end of 2022 or early 2023, at least Europe, and potentially North America, could be in a recession due to run-away inflation, the war in Ukraine, and rising interest rates.

Canfor Holds Groundbreaking Ceremony for Its New Sawmill Facility in Deridder, Louisiana

Canfor held its official groundbreaking ceremony on Thursday for a new sawmill facility in DeRidder, Louisiana. The new facility will be Canfor’s first greenfield project, as well as the company’s first investment in the state. The site is projected to be $160 million state-of-the-art sawmill complex and will be Canfor’s 16th operation in the U.S.

Sinclar Group Announces Production Reductions at 3 Sawmills Due to Fiber Supply and Transportation Issues

Sinclar Group Forest Products Ltd. announced that it will temporarily reduce manufacturing output from 5-days down to 4-days per week at its BC sawmill operations. The production reductions will impact Sinclar’s sawmill operations at Lakeland Mills in Prince George, Nechako Lumber in Vanderhoof, and Apollo Forest Products in Fort St. James.