News in lumber


West Fraser Timber Co. Ltd Completes Norbord Inc. Transaction

West Fraser Timber Co. Ltd and Norbord Inc., today (2-1-21) jointly announced that they have successfully completed the previously announced transaction, whereby West Fraser has acquired all of the issued and outstanding common shares of Norbord. Under the terms of the Transaction, holders of Norbord Shares received 0.675 of a common share of West Fraser for each Norbord Share held.

Vinkovci, Croatia, based DI Spačva Timber Company Announces Prospective Buyers Have Started Due Diligence on the Company

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.

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.

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.