Westervelt Company celebrated the completion of their new Thomasville Alabama sawmill facility and shipped the mill’s first load of lumber on Friday March 5th.
News in lumber
Quebec Sawmill Experiences Immediate Savings When Switching to Electric Kiln Drying
It took them nearly a decade, but Scierie Girard, a sawmill based in Shipshaw, Que., finally convinced Hydro-Quebec to offer a rebate for medium-volume customers who want to use the utility’s surplus electric power.
Interfor to Acquire Summerville South Carolina Sawmill from WestRock Company
Interfor Corporation announced on Tuesday (2-9-21), that they had reached an agreement to acquire WestRock Company’s, Summerville South Carolina sawmill facility for $59 million (USD).
Tulloch Timber (Nairn) Ltd., Receives Highland and Island Enterprise Investment
Tulloch Timber (Nairn) Ltd., a family based sawmiller of Scottish Softwoods, has been awarded a Highlands and Islands Enterprise (HIE) investment of £35,858, that will be used to help support their expansion project.
Blue Wolf Capital Partners LLC Announces Their Investment in Vicksburg Forest Products LLC
Blue Wolf Capital Partners LLC, a New York based private equity firm, announced today (2-8-21) that it has made an investment in Vicksburg Forest Products, LLC (VFP) a manufacturer of Southern Yellow Pine lumber products at their sawmill facility in Vicksburg, Mississippi.
Resolute Forest Products Announces Reopening of Ignace Sawmill
Resolute Forest Products announced on Thursday (2-4-21) that they are going to reopen the Ignace sawmill, starting with one shift next week, and that is going to increase the on-site employment to about 25 people. Seth Kursman, Resolute spokesperson added they idled the sawmill in 2019 but kept a skeleton staff on hand, spending about $125,000 a month to maintain the mill.
Delays in Reopening of Kenora Sawmill Clarified by Unifor
When Itasca Capital purchased the Kenora Sawmill back in October of 2020, the company made it clear that before they could reopen the facility, they needed a steady and reliable source of logs. The Province of Ontario continues to work with the company on finding a source of wood, with the potential for the First Nations in the area as partners in the project.
Western Forest Products Cowichan Bay Sawmill Workers Ratify New 8-year Agreement
Members of Local 8 of the Public and Private Workers of Canada Union working at the Western Forest Products Cowichan Bay Sawmill have ratified and eight-year collective bargaining agreement with the company. Assuring seventy workers and their families job security through 2028.
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.
Rising Lumber Prices and Home Building Surge have Buyers in a Purchase or Do Without Predicament
With lumber prices once again on the rise, construction companies, along with pro dealer lumber yards have reverted back to purchasing hand to mouth – just enough to get by and little more.