DI Spačva, a timber company, based in Vinkovci, Croatia, has announced that prospective buyers have started conducting their due diligence on the company. DI Spačva consists of five factories: a sawmill, a parquet production plant, a final products factory, a veneer factor, and a bio-fuels factory.
News in lumber
U.S. International Trade Commission Determines Wood Mouldings and Millwork from China are Being Sold at Less Than Fair Value
The United States International Trade Commission (USITC) on Friday 22nd January 2021 determined that a U.S. industry is materially injured by reason of imports of wood mouldings and millwork products from China, that the U.S. Department of Commerce (Commerce) has determined are subsidized and sold in the United States at less than fair value.
Milan Lumber Company Announces Modernization Plans to Start in April
Milan Lumber Company, LLC, located in Milan, New Hampshire, has announced a $10 – $12 million dollar modernization plan that will make the plant safer, more efficient and hopefully more profitable. The company plans on commencing work in April, and that work will include the revamping of the planning mill and getting an additional drying kiln in operation by the fall.
Biewer Lumber Announces Plans for Second Sawmill in Mississippi
Biewer Lumber Company, with corporate headquarters in St. Clair Michigan, has announced they are in the process of developing and building a new state-of-the-art sawmill to be located in Winona Mississippi. The new sawmill is expected to be completed and operational by January 2022.
Resolute Announces the Restart of the Ignace Ontario Sawmill
Resolute Forest Products has announced that it plans to restart sawmill operations at their Ignace Ontario sawmill on February 8th, 2021. The plant was closed two years ago due to poor market conditions. However, in anticipation of improved market conditions, Resolute has kept a handful of employees working at the facility keeping it maintained and ready to restart.
Itasca Capital Ltd Changes Name to GreenFirst Forest Products Inc.
Itasca Capital Ltd, has changed its name to GreenFirst Forest Products Inc. Effective January 13th, 2021, the company’s shares will be traded on the TSX Venture Exchange under the new name and trading under the symbol “GFP”.
NewLife Forest Products Acquires Large Scale Industrial Manufacturing Site in Bellemont, Arizona
Good Earth Power AZ and its operating entity, NewLife Forest Products, one of Arizona’s leading forest products company, has acquired the former Essity AB., tissue production plant in Bellemont Arizona.
AB Karl Hedin Announces Expansion of Krylbo Sawmill Facility
AB Karl Hedin, one of Sweden’s leading privately owned wood groups, has announced their intention to build a new planing mill, with extra storage capacity and further timber kiln drying facilities at its sawmill in Krylbo, Avesta. The Krylbo spruce-pine sawmill has an annual production of capacity of 215,000m3.
Weston Forest Acquired by the Watermill Group
Weston Forest with their head office located in Mississauga, Ontario, Canada, has announced that they have been acquired by the Watermill Group, a strategy driven private investment firm. Weston which operates eight facilities across eastern Canada and the U.S., provides niche market services and products that are vital to commercial and residential construction as well as the production and shipment of industrial goods.
Canfor Shortens Holiday Downtime to Meet Growing Lumber Demand
Canfor has announced that their B.C. Christmas and New Year’s holiday scheduled has been altered this year. Growing demand for lumber products has reduced Christmas holiday downtime from the seven days down to just four days.