Teal Jones-Plain Dealing, LLC explained that the decision by Teal Jones Group to file for creditor protection in BC does not include the US-based Teal Jones Sawmill in Plain Dealing, LA.
News in lumber
Canfor Announces Permanent Closure of Polar Sawmill and Suspension of Planned Reinvestment in Houston, BC
The decision comes after an analysis of the persistent shortage of economically available timber and challenging operating conditions in northern BC, the company said.
NAFTA Panel Issues Ruling on 2015–16 Countervailing Duties
On May 6th, a NAFTA Panel largely upheld US countervailing duties on Canadian softwood lumber products but remanded several aspects of the investigation for clarification and potential adjustments.
US Dept. of Commerce Revises 2015–16 Antidumping Duties in Response to NAFTA Panel Ruling
On April 30th, the US Department of Commerce issued a redetermination of its antidumping duties for certain softwood lumber products from Canada.
Teal Jones Group Reaches Interim Financing Deal; Restarting Operations
Teal Jones Group has reached an interim financing deal that will allow it to restart operations and continue to reorganize its business under court protection from its creditors, The Vancouver Sun reported.
Stimson Lumber Company to Permanently Close Its Plummer, ID, Sawmill
Citing tight operating margins, Stimson Lumber Company intends to permanently close its Plummer, Idaho, sawmill facility by August, The Spokesman Review reported.
Rayonier Advanced Materials Announces Sale of Softwood Duty Refund Rights
Rayonier Advanced Materials has reached agreement regarding the sale to OCP Lumber LLC of the company’s softwood duty refund rights.
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.