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Tag: lumber company

Sticker Shock Restrains Buying but Lumber Prices Remain High

Sticker Shock Restrains Buying but Lumber Prices Remain High

The recent huge burst of buying slacked off this week as lumber futures descended from their up-limit of last week to crash down-limit Monday and trigger a stop-order on the Chicago Mercantile Exchange. In the cash market, customers — still reeling from sticker-shock last week — held off on buying unless absolutely desperate for fill-in needs. Gauging inventory on-hand was difficult as transportation woes, both on the rails and with trucks, were in no way improved over the weeks of…

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Forestry Economics Paper : Madison’s co-author

Forestry Economics Paper : Madison’s co-author

Madison’s is very excited to announce today just this first step in the fabulous range of *new* products and information streams we have coming online in the first half of this year! Parajuli Zhang Kosman_FPE 2018 https://www.sciencedirect.com/science/article/pii/S1389934117303209 Province specific impacts of the 2006 United States-Canada Softwood Lumber Agreement: A seemingly unrelated regression approach  Based on monthly data from January 1988 to October 2015, we estimate a system of U.S. softwood lumber import equations by using Seemingly Unrelated Regression (SUR) approach. The effects of the…

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Resolute Forest Products CEO Steps Down

Resolute Forest Products CEO Steps Down

A dearth of truckers in Canada is hindering shipments from Resolute Forest Products’ sawmills to its paper mills, outgoing Chief Executive Officer Richard Garneau said Thursday on an earnings conference call. The Montreal-based company slowed down production in December after the shortage and harsh winter conditions led to a lack of woodchips at its mills in Quebec, according to Bloomberg. The leadership change was announced as Resolute disappointed despite swinging to a profit of $13 million or 14 cents per…

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Canada Lumber Production at Sawmills: October 2017

Canada Lumber Production at Sawmills: October 2017

Lumber production rose 6.3 per cent from September to 5,991 thousand cubic metres of lumber in October, said Statistics Canada Wednesday. Production was 1.2 per cent higher than in October 2016. Sawmills shipped 5,884 thousand cubic metres of lumber in October, up 1.1 per cent from September and 0.3 per cent higher than in October 2016.

BC Softwood Lumber Export, Canada – US Sawmill Capacity

BC Softwood Lumber Export, Canada – US Sawmill Capacity

BC export of forest products by value are up 0.4 per cent for 2017 year-to-date September compared to the same period in 2016 ($10.49 billion vs. $10.45), said the Competitiveness and Innovation Branch of the British Columbia Ministry of Forests, Lands, Natural Resource Operations & Rural Development Monday. Exports of softwood lumber by value is down -5 per cent, while volumes are down -15 per cent. BC SOFTWOOD LUMBER EXPORTS BC export of forest products by value are up 0.4…

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Canada State-of-the-Forests Report: 2017

Canada State-of-the-Forests Report: 2017

This year Canada celebrates 150 years as a forest nation. Through The State of Canada’s Forests Annual Report, Natural Resources Canada provides the only national snapshot of Canada’s forests and forest industry. The federal agency has been tracking Canada’s journey towards sustainable forest management for 27 years. Read about the history of Canada’s forest sector and how the sector is leading the way in the global bioeconomy today. Canada Forest area Canada’s forest area of 347 million hectares (ha) has…

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North America Lumber Market Update: 3Q 2017

North America Lumber Market Update: 3Q 2017

As negotiations toward a Canada-US softwood lumber agreement furiously go on, different perspectives and data sets speak to the situation with Canadian softwood lumber exports into USA. Since the beginning of September there have been hearings in Washington, DC, for various sides — mostly US domestic interests — to table comments and submit on the topic of injury. Between now and the end of the year, Canada will have a chance to table some of its evidence. A lot of…

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BCFii Year-in-Review: 2016/17

BCFii Year-in-Review: 2016/17

This week British Columbia Forestry Innovation Investment released it’s 2016/17 Year in Review report. British Columbia Forestry Innovation Investment is a BC Crown agency with a mandate that includes developing and diversifying markets for BC forest products around the world as well as promoting forest practices and the environmental merits of wood products. According to the agency’s year-in-review report released this week, over the past year, BC FII and its partners in industry and government have continued to support the…

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Heffler Forest Products Reopens

Heffler Forest Products Reopens

Jobs are coming back to Hefler Forest Products’ sawmill in Middle Sackville, NS, starting next month, said Stan Mason, president of the forest products company to The Hants Journal September 15. The company will be producing specialty wood products, including 12-foot and 16-foot lengths and deck boards. The new hires next month will amount to 25 sawmill jobs, almost tripling the company’s workforce which now includes 15 employees at its biomass plant, to a total of 40 people. Under its…

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British Columbia New Government Budget Revealed: Forestry

British Columbia New Government Budget Revealed: Forestry

The newly-elected BC provincial government earlier this year has released it’s budget plan, for the general economy and for the forests ministry. There are some changes in the dollars for the 2017/18 estimate from the previous year. Madison’s caught up with the BC Ministry of Forests, Lands, Natural Resource Operations and Rural Development Thursday to get details on the new accounting. British Columbia New Forest Service Plan and Budget Estimate: 2017 / 18 The only major change to the new…

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