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.
News in structural panels
Brazilian Exports of Wood-Based Products Increased 14.8 % in July 2020
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.
The Perfect Storm has led to Lumber, Panel and Building Materials Cost Skyrocketing
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.”
Builders FirstSource, Inc. and BMC Stock Holdings Announce Mega Merger
Builders FirstSource, Inc. and BMC Stock Holdings, Inc., today announced that they have entered into a definitive merger agreement under which Builders FirstSource and BMC will combine in an all-stock merger transaction to create the nation’s premier supplier of building materials and services with over $11 billion in annual sales.
Hurricane Laura Will Disrupt Gulf Coast Forest Products Industry
Nearly 50 forest product mills in the path of Hurricane Laura.
Vietnam’s Wood and Wood Product Exports Increase in July
The Ministry of Agriculture and Rural Development of Vietnam is reporting that wood and wooden product exports in July were valued at $1.05 billion. A year-over-year increase of 6.2%.
Freres Lumber Company Struggling to Find New Employees
Freres Lumber Co., Inc, headquartered in Lyons Oregon, has a unique and frustrating problem.
Patrick Industries Completes Purchase Of Inland Plywood Company
Patrick Industries has announced that it has completed their acquisition of Inland Plywood Company. Inland is the predominate supplier, laminator, and wholesale distributor of treated and untreated laminated plywood, medium density overlay panels and other specialty products to the marine, recreational vehicle (RV) and industrial markets.
UPM Announces Permanent Closure of Jyväskylä Plywood Mill on 7-31-2020
UPM has provided additional information about the closing of its Jyväskylä plywood mill which was first announced in June. The Jyväskylä plywood mill will be permanently closed as of 7-31-2020.
Norbord Reviews and Updates Their COVID-19 Response
Norbord has recently provided a review and an update on their response to the COVID-19 pandemic.