Western Forest Products (WFP) announced on Monday (3-21-22) that starting this week, their Chemainus Sawmill is once again undergoing a production curtailment due to a lack of logs. The last curtailment started on February 2nd and lasted nearly three weeks.
News in lumber
Sustainable Green Team Ltd. Purchasing Dormant 45-Acre Interfor Sawmill Site in Beaver, Washington
Sustainable Green Team Ltd., a Florida-based, publicly traded company, announced on Thursday (3-17-22) that it is purchasing the dormant 45-acre Interfor USA Inc. sawmill site in Beaver, Washington. The purchase includes leasing land Interfor now rents from the City of Fork, Oregon for $1 million.
U.S. Dept. of Commerce Announced on March 9, 2022, that it has initiated the Fourth Administrative Review of Antidumping and Countervailing Duty on Certain Softwood Lumber Products from Canada
The U.S. Department of Commerce has announced that it has initiated the Fourth Administrative Review (AR4) of the antidumping duty (AD) and countervailing duty (CVD) investigations of imports of certain softwood lumber products from Canada.
Britton Lumber Company’s Eastern White Pine Mill in Bath, New Hampshire to be Expanded and Upgraded
Britton Lumber Company has announced their intention to expand their Eastern White Pine sawmill facility located in Bath, New Hampshire in August 2022. The mill currently is approximately a 30,000 square foot facility producing approximately 9 million board feet annually.
Citing Transportation Challenges, West Fraser Moves to Three-Day Week at B.C. Sawmills
In an email sent to Black Press Media, the owner of British Columbia’s Nelson Star newspaper, West Fraser Corporation confirmed that it is temporarily rolling back its operating schedules at their lumber mills across British Columbia, from 5-days a week to 3-days a week, due to ongoing transportation challenges.
Potential Impacts of Russia-Ukraine Conflict on Softwood Log and Lumber Markets
Sanctions on Russia will severely limit its ability to participate in international trade, but the impacts to its softwood log and lumber trade are likely to be less affected than other industries.
Canfor Completes Purchase of Millar Western Forest Products Ltd.’s Solid Wood Operations
Canfor Corporation announced today (3-1-22) that it has finalized and completed the purchase of Millar Western Forest Product Ltd.’s solid wood operations, which was originally announced on December 16, 2021. Don Kayne, President and CEO, Canfor said, “We are very excited to welcome the employees at the Whitecourt, Fox Creek, and Spruceland facilities to the Canfor team.”
Canfor to Sell Mackenzie Assets for $70 Million
Canfor Corporation on Thursday (2-24-22) announced that it has entered into a Letter of Intent with McLeod Lake Indian Band and Tsay Keh Dene Nation to sell its forest tenure in the Mackenzie region of British Columbia and in a separate agreement with Peak Renewables to sell its Mackenzie site, plant, and equipment for a combined price of $70 million (CAD).
Interfor Corporation Completes Acquisition of EACOM Timber Corporation
Interfor Corporation said today (2-23-22) that it has completed the previously announced transaction to acquire 100% of the equity interests of EACOM Timber Corporation from an affiliate of Kelso & Company. The transaction was effective as of February 22, 2022.
Fire at Weyerhaeuser’s Grand Prairie, Alberta Sawmill Under Investigation, but Mill Remains Operational
The fire was located in between the building walls, which made it difficult for firefighters to access the main body of fire. Crews remained on the scene chasing hot spots throughout the day and to make sure the building was safe. According to local news sources the building and the sawmill remains operational.