Rayonier Advanced Materials has reached agreement regarding the sale to OCP Lumber LLC of the company’s softwood duty refund rights.
News in lumber
Canadian Sawmill Production and Shipments Rise in February
Lumber production rose 8.9% month-over-month to 4,352.4 thousand cubic meters in February. Year-over-year, production was up 10.8%.
US Court of International Trade Orders Commerce Department to Redo Countervailing Duties on Canadian Lumber
The US Court of International Trade ordered the Department of Commerce to “better explain its refusal to check whether suppliers for investigated companies had received government subsidies,” Woodworking Network reported.
Canfor Announces Purchase of El Dorado, Arkansas, Sawmill
Canfor Corporation announced that it has entered into a purchase agreement with Resolute El Dorado Inc., an affiliate of Domtar Corporation, to acquire its El Dorado lumber manufacturing facility located in Union County, Arkansas.
Interfor Announces Temporary Curtailment in All Operating Regions Between May and September
Citing persistently weak market conditions, Interfor Corporation announced on Tuesday (4-30-24), that it plans to reduce its lumber production by approximately 175 million board feet between May and September 2024. The reduction in production represents just under 10% of Interfor’s operating stance.
Teal Jones Files for Creditor Protection at BC Supreme Court
On Thursday, BC-based Teal Jones filed for creditor protection at the BC Supreme Court, Global News reported.
GP’s Albany, GA, Lumber Mill Produces 1 Billion Board Feet in Just Four Years
Georgia-Pacific’s Albany, Geogia, sawmill produced its 1 billionth board foot of lumber just four years after the facility opened in 2020.
Canadian Industrial Product and Raw Materials Price Indexes Post Month-Over-Month Increases in March
The Industrial Product Price Index (IPPI) increased 0.8% on a monthly basis, following a 1.1% increase in February. Year-over-year, the IPPI posted a 0.5% decline.
Western Forest Products Announces Indefinite Curtailment of Its Alberni Pacific Division
Western announced the indefinite curtailment of its sawmill in Port Alberni, BC. The mill has been temporarily curtailed since fall 2022.
BC Government Continues to Invest in the Forest Sector
BC Premier David Eby said the province is partnering with forestry manufacturers to build a strong forest-product sector through significant capital expansion in their operations.