Timber Products Company has announced that they have recently acquired a 20-acre facility located in Thomson, Georgia, which will serve as the hub for TP Logistics for full 3PL service in the Southeastern United States.
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.
Boise Cascade Company (BCC) has issued a WARN Act notice to the employees at their Elgin Oregon facility, for the possible reduction of production effective January 1st, 2021.
Following a complaint brought by the Woodstock Consortium acting on behalf of the Union producers of birch plywood, who represent a majority of the total European Union (EU) production of the product, the EU has launched an anti-dumping procedure for the import of birch plywood from Russia.
Following a nine-month probe, South Korea’s Trade Commission has called for anti-dumping duties of 10.65% for five years against Vietnamese plywood products for causing damage to South Korean producers.
As reported by the International Tropical Timber Organization (ITTO), Japan’s plywood imports for the first half of 2020 have steadily declined.
Rob Freres, the president of Freres Lumber Company is reporting the all six Freres mills located in Lyons and Mill City Oregon have survived the Beachie Creek wildfire undamaged.
Malaysian plywood manufacturers are dealing with weak export demand, softening prices and reduced purchases from their largest trading partner, Japan, who is purchasing more panels from Indonesia, as well as having increased internal production.
According to the International Tropical Timber Organization the value of Brazilian exports of wood-based products (except pulp and paper) increased 14.8% in July to $268.8 million, when compared to July 2019, $ 234.1 million.
John Gunkelman is the owner of Fargo’s Dakota Construction and is the immediate past president of the Home Builders Association of Fargo-Moorhead. Gunkleman sums up the current spike in lumber, panels and building materials in just ten words, “The numbers are just kind of going through the roof.”