News in lumber


LP Building Solutions to Sell its Equity Interest in I-Joist Joint Venture to Resolute Forest Products

LP Building Solutions announced today (2-14-22) that it has entered into an agreement with Resolute Forest Products Inc. to sell its 50% equity interest in two joint ventures that produce I-joists. The sale, which is subject to customary adjustments, is valued at $50 million. The joint ventures are comprised of Resolute-LP Engineered Wood Larouche Inc. and Resolute-LP Engineered Wood St-Prime Limited Partnership.

Swedish Sawmills Set New Production Records in 2021

According to a press release from Swedish Wood, a publication that represents the Swedish sawmill industry and is part of the Swedish Forest Industries Federation, 2021 was a record year for Swedish sawmill production. The expectations for 2021 of 18.8 million cubic meters were exceeded, and the year ended at just over 19 million cubic meters of production.

U.S. Commerce Department Issues Preliminary Determination on 3rd Administrative Review of Certain Softwood Lumber Products Imported From Canada

The US Department of Commerce today (1-31-22) issued its preliminary determination in their Third Administrative Review of certain softwood lumber products from Canada. The new combined “All Others” rate of 11.64% is down from the current rate of 17.91%. This Preliminary Determination does not change the duties currently being collected, nor will it be the final rate.

Canadian Industrial Product Price Index Moves Higher in December on Softwood Lumber Gains

Statistics Canada (StatsCan) reported today (1-31-22) that prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), rose 0.7% on a monthly basis in December and were up 16.1% year-over-year. Prices of raw materials purchased by manufacturers operating in Canada, as measured by the Raw Materials Price Index (RMPI), fell -2.9% month-over-month in December but increased 29.0% year-over-year.