Statistics Canada reported on Wednesday that the price of products manufactured in Canada as a measured by the Industrial Product Price Index (IPPI) declined by 1.1% month-over-month in June. This was the first monthly decline in the IPPI since August 2021, when it declined 0.3%.
News in lumber
West Fraser Issues Statement Regarding Recent Media Speculation About CVC Capital & Kronospan’s Interest in Acquiring the Company
Reuters reported on Tuesday (7-19-22) morning that according to a source familiar with the matter, private equity firm CVC Capital and wood panel manufacturer Kronospan have submitted a joint expression of interest in acquiring Canadian lumber company West Fraser Timber Co.
Nieman Enterprises Announces Reduction in Production at Its Hulett & Spearfish, South Dakota, Sawmills
A lack of available timber from the Black Hills National Forest has prompted South Dakota-based Neiman Enterprises to announce that it was eliminating a shift at its Devils Tower Forest Products sawmill facility, which is located in Hulett, and was reducing hours at its Spearfish sawmill as well.
Teal Jones Group Breaks Ground on New $110 Million Sawmill Facility in Bossier Parish, Louisiana
Teal-Jones Group, the privately held international forestry products company based in British Columbia, with U.S. operations in Virginia and Mississippi, officially broke ground on Monday (7-11-22) on its new $110 million green field southern yellow pine sawmill in Plain Dealing, Bossier Parish, Louisiana.
CME to Launch Mini Lumber Futures in August
CME Group Inc. plans to replace its lumber futures contract with a smaller version that will be deliverable to Chicago rather than Western Canada, following two volatile years that lifted prices to record highs.
Paper Excellence Group Announces Agreement to Acquire Resolute Forest Products Inc.
The Paper Excellence Group, through its wholly owned subsidiary Domtar Corporation (Domtar) today (7-6-22) announced it had entered into an […]
Belarus’ Lumber Exports Have Increased Seven-Fold to Russia
The Belarusian Telegraph Agency (BelTA), a state-owned national news agency of the Republic of Belarus, reports that Belarus’ lumber exports […]
Lumber Prices Continue to Fall – When Will the Consumer See Lower Prices?
Between 2020 and 2021, the average price of lumber in Canada increased by approximately 300%. The increase largely the result […]
Nak’azdli Whut’en First Nation Signs Forest Management Agreements with 2 Major Lumber Producers
On Friday (6-24-22), The Nak’azdli Whut’en First Nation signed forest management agreements with two major lumber producers who harvest timber […]
Canfor Announces Investment to Upgrade Sawmill in Estill, South Carolina
According to a press release issued on Thursday (6-23-22) by South Carolina Governor Henry McMaster and the South Carolina Department […]