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.
News in lumber
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.
HS Timber Breaks Ground on New Sawmill in Belarus
HS Timber Group, began construction of a new sawmill in Grodno region of Belarus. The softwood mill will process pine and spruce logs and is expected to have an annual operating capacity of 500,000 m3 when completed in the spring of 2022.
Idaho Forest Group Announces New Lumber Mill in Mississippi
IFG plans to build new, large-scale softwood lumber mill in southern Mississippi. Operations are expected to begin in mid-2022.
Binderholz Group Purchases Klausner Lumber Two LLC in Enfield North Carolina Adding to its US Holdings
All assets of Klausner Lumber Two LLC., located in Enfield, Halifax County, North Carolina were sold in a virtual auction which was held on Thursday, December 10th, 2020. The winning bid of $ 83.4 million was from the Austrian Binderholz Group, who outbid Mayr Melnhof Holz.
The Southern Pine Forest Products Association (SFPA) Announces FREE Virtual Summit on Tuesday 12/8 from 10:00 AM – 3:00 PM Central Standard Time
The Southern Pine Forest Products Association (SFPA) will be holding a free SFPA Summit virtual event on Tuesday December 8th, from 10:00 AM Central Standard Time through 3:00 PM.