Sinclar Group Forest Products Ltd. announced on Monday that, effective January 30th, it will curtail lumber production at three locations in BC for two weeks: Apollo Forest Products in Fort St. James, the Lakeland Mills in Prince George, and Nechako Lumber Co. in Vanderhoof.
Wood Markets News
Mirax Group Agrees to Acquire Lyle Forest Products
The Mirax Group, headquartered in Abbotsford, BC, announced today that it had reached an agreement to acquire Lyle Forest Products, located in Chilliwack, BC. In business since 1972, Lyle Forest Products is a premier value-added lumber facility dealing in Pacific Hemlock and Western Red Cedar.
US LBM Announces Sale of Three Divisions to L&W Supply
US LBM announced on Monday that it had reached a definitive agreement to sell three of the company’s operating divisions to L&W Supply, an operating unit of ABC Supply. US LBM is a leading distributor of specialty building materials with over 400 locations throughout the US.
Omaha, Nebraska, Gaining New 4-Story Mixed Commercial Mass Timber Building
NBC affiliate WOWT in Omaha, Nebraska, is reporting that construction is underway on the city’s first known mass timber commercial building. The building is being touted as more environmentally friendly than most newer commercial building in the downtown area.
Shares of Mortgage Loans in Forbearance Remained Unchanged in December
According to the Mortgage Bankers Association’s (MBA) new Loan Monitoring Survey (LMS), the total number of loans now in forbearance was unchanged from November’s reading of 0.70%, as of December 31, 2022. This marks the third consecutive month of the LMS being unchanged.
Tolko Extends Curtailments at Two BC Facilities
On Monday, Tolko Industries announced that downtime at its Soda Creek and Armstrong Lumber divisions in BC will continue through the month of February. The extended curtailments will reduce production by approximately 35 million board feet of stud lumber.
BC Provincial and Canadian Federal Government Offer Financial Support to Paper Excellence for Retooling Its Crofton Mill Facility
The Government of British Columbia and the Government of Canada announced that they are contributing a combined $18.8 million (CAD) to join with Paper Excellence’s investment in retooling their Crofton Mill facility to manufacture new pulp products.
Södra Announces Timber Price Hikes
Södra Skogsägarna, trading as Södra, a forestry cooperative based in Växjö, Sweden, announced on Thursday that it was raising the price of mainly normal spruce and pine timber purchased by members by SEK 30 per cubic meter, effective immediately.
Treaty 8 First Nations and BC Government Announce Collaborative Approach to Land and Resource Planning
The BC government and four Treaty 8 First Nations announced on Friday that they have reached a consensus on a collaborative approach to land and resource planning and to advance regional solutions to benefit everyone living in northeastern BC and Treaty 8 territory.
Timberlink Expanding Mill in Tarpeena, Australia
An investment of $90 million (A$) will fund the expansion of Timberlink’s Tarpeena, Australia, mill. The investment includes a $63 million manufacturing plant that will produce cross-laminated timber (CLT) and glue laminated timber (GLT) for the construction industry.