Sumitomo Forestry will acquire 100% of the shares of Teal Jones Louisiana Holdings through its wholly owned subsidiary Sumitomo Forestry America.
News in lumber
Doman Building Materials Temporarily Curtails Rison, AR, Mill Over Supply Chain Woes
Positions at Doman Building Materials Group’s operations in Rison, Arkansas, are being temporarily curtailed due to supply chain disruptions, the Cleveland County Herald reported.
Canadian Industrial Product and Raw Materials Price Indices for February
Lumber and other wood product prices declined 1.2%, following six consecutive monthly increases. Softwood lumber was down 3.4%.
EU Proposes Tariffs, Including on Wood Products, in Response to US Tariffs
The European Commission announced that it was imposing tariffs on US imports into the EU in response to new US tariffs on EU steel and aluminum.
Buse Mill Company to Restart Its Everett, WA, Sawmill
Elk Creek Forest Products has been named the exclusive sales agent for Buse Mill Company, which is reopening under its new name following its transition from Buse Timber & Sales in 2024.
Stein Lumber Acquires Teal-Jones Remanufacturing Plant in Salmon Arm, BC
Stein Lumber announced that is has acquired the Teal-Jones lumber remanufacturing plant in Salmon Arm, British Columbia.
President Trump Delays Tariffs on USMCA Goods Imported From Canada and Mexico Until April 2
Trump suspended the 25% tariffs he imposed earlier this week on most goods from Canada and Mexico until April 2, Reuters reported.
Stimson Lumber Details Plans to Expand Its Forest Grove, OR, Sawmill
The new mill building, if approved, will house a 350-foot-long HewSaw line made by Finland-based company Veisto-Oy, the Gales Creek Journal reported.
Canadian Sawmill Production Declines 16.6% in December
Lumber production declined 16.6% month-over-month to 3,332.9 cubic meters in December.
US Dept. of Commerce Releases Preliminary Antidumping Determination in Sixth Administrative Review of Canadian Softwood Lumber Products
The preliminary determinations do not have any impact on current duties or cash deposit rates.