On October 11, 2022, the US Department of Commerce published a notice in the Federal Register, in which the department amended its notice of final results for the 2020 administrative review of the countervailing duty (CVD) order on certain softwood lumber products from Canada.
Interfor Corporation announced that it plans to reduce its lumber production output in Q4 by approximately 200 million board feet, or 17% of quarterly capacity, due to current economic conditions and market uncertainty, which have led to reduced lumber demand.
Commonwealth Plywood Company Ltd. announced that it is reopening its sawmill located in Rapides des Joachims, Pontiac Country, Quebec. Commonwealth has invested over $ 1 million (CAD) to get the sawmill back into operation.
Sierra Forest Products Inc., part of the UCS Forest Group of Companies, announced on Monday that it has completed the acquisition of Weber Plywood & Lumber Company, located in Tustin, California.
Citing declining lumber prices and a worldwide softening in demand, Conifex Timber Inc. announced on Friday afternoon that it would be temporarily curtailing production at its Mackenzie, BC, sawmill operation for two weeks, starting on Tuesday, October 11th.
Interfor Corporation announced today that it has reached an agreement with an affiliate of the Kilmer Group to acquire 100% of the equity interests in the entities comprising Chaleur Forest Products. Chaleur owns two sawmills in New Brunswick with a combined annual lumber production of 350 million board feet.
Stella-Jones Inc. announced that it had entered into a definitive agreement to purchase substantially all of the assets employed in the wood utility pole manufacturing business of Texas Electric Cooperatives, Inc for a total purchase price of $28 million (USD), plus an additional $4 million in inventories.
Canfor Corporation on Monday announced a temporary reduction in production in British Columbia due to challenging market conditions. The production capacity will be reduced through a two-week curtailment beginning on Monday, September 26, 2022, at the majority of solid wood facilities in BC.
PotlatchDeltic Corporation announced on Wednesday that it has successfully completed the previously announced merger with CatchMark Timber Trust Inc. in an all-stock transaction, creating a leading integrated timber REIT.
An early morning fire on Monday at R-Y Timber in Livingston, Montana, destroyed the company’s planer building and its contents. Firefighters were able to contain the fire to the planer building, and no other buildings at the facility were impacted.