Rayonier Advanced Materials has reached agreement regarding the sale to OCP Lumber LLC of the company’s softwood duty refund rights.
Wood Markets News
Georgia’s First Georgia-Grown Mass Timber Project Completed
Georgia’s first Georgia-grown mass timber building utilizing a regional supply chain has been completed, the Woodworking Network reported.
IKEA Announces New Wave of Price Cuts
Ingka Group, the largest IKEA retailer with about 90% of IKEA retail sales, said it continues to lower prices despite a challenging year.
City of Beijing Ends Curbs on Multiple Home Ownership in Outer Areas to Stimulate Buying
The City of Bejing relaxed some rules on multiple home purchases after 13 years to stimulate a stagnant property market, the South China Morning Post reported.
Roseburg Provides Update on New Dillard, OR, MDF and Component Plants
Roseburg shared an update on its $700 million investment in its manufacturing operations in Southern Oregon.
Canadian Sawmill Production and Shipments Rise in February
Lumber production rose 8.9% month-over-month to 4,352.4 thousand cubic meters in February. Year-over-year, production was up 10.8%.
US Court of International Trade Orders Commerce Department to Redo Countervailing Duties on Canadian Lumber
The US Court of International Trade ordered the Department of Commerce to “better explain its refusal to check whether suppliers for investigated companies had received government subsidies,” Woodworking Network reported.
Associated Builders and Contractors Sees Additional Job Growth Potential in Nonresidential Construction in 2024
The Associated Builders and Contractors reviewed the Bureau of Labor Statistics nonfarm payroll report for April.
Sveaskog, Sweden’s Largest Forest Owner, Announces Timber Price Increases
Sweden’s Sveaskog, a state-owned company and the country’s largest forest owner, announced it was raising the price of timber and pulpwood in large parts of the country.
US National Interagency Fire Center Wildfire Update for the Week Ending May 3rd
As of Friday, May 3rd, 8 new large wildfires were reported during the week. Currently, 3 large uncontained wildfires are burning in California, Florida, and Oregon.