The Rivière-aux-Rats sawmill in La Tuque, Québec, and its associated forestry operations are now officially owned by Groupe Rémabec, Radio-Canada reported.
Wood Markets News
Meadow Lake Tribal Council and Tolko Sign MOU Establishing Lumber for Nations Program
The Meadow Lake Tribal Council and Tolko have signed an MOU to establish a new initiative: the Lumber for Nations Program.
Sweden’s Norra Timber Announces Investment in Its Hissmofors Sawmill
Norra Skog will invest SEK 100 million (US$10.49 million) in upgrading its Hissmofors sawmill in Krokom, Sweden.
Brazilian Exports of Wood-Based Products Decline in May
The value of Brazilian exports of wood-based products (excluding pulp and paper) declined 12.0% year-over-year in May, the ITTO reported.
NFIB Small Business Optimism Index Edges Lower in June
The NFIB Small Business Optimism Index edged down 0.2 points to 98.6, slightly above the 51-year average of 98.
Sumitomo Forestry Completes Acquisition of Teal Jones Louisiana Holdings
Sumitomo Forestry completed its acquisition of Teal Jones Louisiana Holdings on July 1 through its wholly owned subsidiary, Sumitomo Forestry America.
Washington State Survey Identifies a Half Million Acres of Sick, Struggling, or Dead Trees in 2024
More than a half a million acres of trees spread across the state of Washington were sick, struggling, or already dead last year, the Washington State Standard reported.
Fannie Mae Home Purchase Sentiment Index Declines in June
The Fannie Mae Home Purchase Sentiment Index declined 3.7 points to a reading of 69.8 in June.
US Multifamily Completions Reach 38-Year High in 2024
608,000 multifamily units were completed in 2024, the highest level since 1986, the Census Bureau and NAHB reported.
US National Interagency Fire Center Wildfire Update as of July 7
A total of 31 large wildfires are being managed by full suppression, while 80 are being managed under strategies other than full suppression.