Citing soft markets for framing lumber and elevated costs for raw materials, Oregon-based Rosboro Company announced today (8-25-22) that it was temporarily reducing production, effective immediately, at its Springfield stud lumber mill.
Making the announcement, Rosboro CEO Rich Babcock said, “The market has reached a point where producing at full capacity no longer makes financial sense.”
The company will continue to monitor market conditions for lumber and timber and will adjust operating schedules, as necessary. “The market is our guide,” said Babcock. The company intends to return to normal operations as soon as raw material costs and market demand improves.
This curtailment will not impact the operating schedule of the company’s three laminated beam plants, lamstock mill, log yard, dry kilns, or shipping departments.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.