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.
News in lumber
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.
Resolute Forest Products Receives Block Grant to Buy Equipment and Restart El Dorado Arkansas Mill
Resolute Forest Products is the recipient of a Community Development Block Grant (CDBG) through the Arkansas Economic Development Commission (AEDC) for the purpose of purchasing equipment for a formerly owned by Conifex and Georgia Pacific sawmill in El Dorado Arkansas, that ceased operations in August 2019 and which Resolute purchased in February of 2020.
Arbor Forest Products U.K. Expanding its North Lincolnshire Premises with Advanced Planning Line
Arbor Forest Products, a leading timber importer and timber products manufacturer has announced that it is investing £6 million in expanding its North Lincolnshire premises to incorporate what is set be one of the most advanced sawmill planning lines in the UK.
New Best Wood Schneider Sawmill in Messkirch Germany to Feature Valutec OTC Continuous Kilns
Best Wood Schneider has announced they are investing approximately 80 million Euros in a greenfield sawmill project in Messkirch Germany. When completed in early 2022, the mill will be one of Europe’s most modern sawmills with an annual capacity of 200,000 m3 or 85,000 MBF of sawn lumber.
US Department of Commerce Announces New Antidumping and Countervailing Duty Rates
US Department of Commerce releases final determination for the first administrative review in antidumping duty and countervailing duty investigations.