Maibec Inc. and Waldun Forest Ltd., announced on Thursday (11/12) that they had entered into a joint agreement for Maibec’s acquisition of Stave Lake Cedar Mill prefinishing facility located in Dewdney B.C. as well as the assets and brand rights for Stave Lake Cedar Shingles, value added Western Red Cedar and Yellow Cedar Shingles.
News in lumber
B.C. Judge Rules Destruction of Surrey Mill Did Not Eliminated Obligation to a Chip Supply Agreement
British Columbia Supreme Court Justice, Geoffrey Gomery, has ruled that the MacKenzie Sawmill Ltd. (MSL), whose Surrey B.C. mill was destroyed by a series of fire, the first on Nov. 12, 2010, the second on Jan. 25, 2011, and a third on Oct. 31, 2014, which halted production and ruined the mill, has not been “permanently discharged” from its obligations to provide lumber giant Interfor Corporation with wood chips.
Hankins Lumber Company Completes Purchase of LP Sawmill North of Elliott Mississippi
Hankins Lumber Company has announced that they have completed the purchase of the former Louisiana Pacific mill site, just north of their current operation in Elliott Mississippi. The purchase represents a $12.5 million corporate investment.
Canadian Lumber Products Increased 1.3% Year-Over-Year
As reported by Statistics Canada, Canadian lumber production increased 4.1% from July 2020 to August 2020. Year-over-year production was 1.3% above August 2019.
USDA Forest Service Researchers Report on the Life-Cycle Assessment of Redwood Lumber in US
The USDA Forest Service researchers recently published FPL-RP-706, October 2020 entitled Cradle-to-Gate Life-Cycle Assessment of Redwood Lumber in the United States.
Hammond Lumber Company Adds Second Lumber Manufacturing Facility
Hammond Lumber Company, a family-owned company founded in 1953, with headquarters in Belgrade Maine, has announced the acquisition of a smaller competitor, Tukey Brothers, Inc., a sawmill in North Belgrade.
Sawn Softwood Markets Not Excessively Impacted by the World Wide COVID-19 Pandemic
The impacts of COVID-19 on softwood lumber production have been modest.
U.S. Forest Service is Accepting Application for Grants for Community Wood Energy and Wood Innovation Program
The 2018 Farm Bill established and authorized funding for the Community Wood Energy and Wood Innovation Program. Grants awarded through the program help fund the capital costs for installing wood energy systems or building an innovative wood product facility.
Mobile Sawmill Helps Homeowners Turn Downed Trees into Lumber Products in N.W. Florida
Mike Smidt owns a mobile sawmill. With the help of his sons and father they have been working every weekend since Hurricane Sally hit Northwest Florida and toppled a lot of tree.
Analysts Expect Lumber and Panel Pricing and Demand to Remain Strong for the next Several Years
Despite recent declines from record breaking high levels, forest product market experts anticipate prices for lumber and panels will remain strong throughout North America for the next several years. The demand for building products will be led by both new construction and home renovation as tight inventory and aging existing homes, along with low interest rates and untapped home equity.