On Saturday (6-25-22) afternoon a fire was reported at the Kennebec Lumber Company sawmill building in Greenfield, New Hampshire. The […]
News in lumber
New Talks With Canada on Lumber Tariffs Depend on Canada Addressing Trade Concerns, US Trade Representative Tells Senate Subcommittee
Appearing on Wednesday before a meeting of the U.S. Senate Appropriations subcommittee, US Trade Representative Katherine Tai said that the US is open to fresh negotiations with Canada to resolve a longstanding dispute over US tariffs on softwood lumber.
PotlatchDeltic Corporation Announces $131 Million Investment in Waldo, Arkansas, Sawmill
PotlatchDeltic Corporation announced today that is investing $131 million to expand and modernize its Waldo, Columbia County, Arkansas sawmill. With the updates scheduled to be completed in Q4 of 2024, the mills annual capacity will increase from 190 million board feet of dimensional lumber to approximately 275 million board feet.
Canfor Corp. Announces Continuation of Reduced Operating Schedules & Summer Downtime at Its Western Canadian Sawmills
Canfor Corporation on Thursday (5-26-22) announced the continuation of reduced operating schedules at its Western Canadian sawmills due to the ongoing global supply chain challenges. Canfor has been operating at approximately 80% of production capacity since late March of 2022.
Resolute Forest Products Reports a Major Fire at Its Ignace, Ontario Sawmill
Resolute Forest Products is reporting a fire broke out on Sunday (5-15-22) at its Ignace, Ontario sawmill. The fire was confined to the mill’s kiln drying operations. The mill is expected to remain in production. Resolute says that the company will send lumber to its mill in Atikokan to be dried until repairs are completed at Ignace.
Guy C. Lee Building Materials Purchases E.W. Godwin’s Sons Lumber Company
Smithfield, North Carolina-based Guy C. Lee Building Materials has announced that it has purchased all of the assets of E.W. Godwin’s Sons Lumber Company, one of Wilmington, North Carolina’s oldest family-owned businesses. The purchase will provide Guy C. Lees the ability to fully integrate into the Wilmington market.
Dunkley Lumber Company Investing in Upgrades to Edgewood Forest Products Operation
Dunkley Lumber Company has announced that it is making a substantial investment to upgrade its Edgewood Forest Products operation. The company website says the Edgewood facility currently has an annual production capacity of 140 million board feet of SPF stud lumber and boards.
Memorandum of Understanding Strengthens Secwepemc Value-Added Supply Chain
A press release on Friday announced the signing of a Memorandum of Understanding (MOU) between B.C.’s Adams Lake Indian Band, Gilbert Smith Forest Products, and Woodtone Specialties. The MOU establishes a framework for the three parties to identify opportunities for cooperation, joint ventures, and shared decision making.
Interfor Corporation Acquires 16.2% Interest in GreenFirst Forest Products Inc.
Interfor Corporation announced on Monday (5-2-22) that its wholly owned subsidiary, Interfor East Ltd., had acquired 28,684,433 common shares in the capital of GreenFirst Forest Products Inc. (GreenFirst) from Rayonier A.M. Canada G.P., which represents approximately 16.2% of GreenFirst’s issued and outstanding common shares.
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.