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Tag: lumber company

Sawmills Invest, Buy, Expand

Sawmills Invest, Buy, Expand

Atlanta, GA’s, BMC Stock Holdings will acquire the business of W.E. Shone, the leading supplier of building materials in Delaware, said the company in a press release Wednesday. Tolko Industries, out of Vernon, BC, announced also Wednesday it has partnered with Louisiana-based Hunt Forest Products to build a state-of-the-art sawmill near Urania, LA. Elsewhere, Alabama’s Rex Lumber Company expects its new sawmill project’s total capital cost will be more than US$110 million, including startup and working capital, according to WSFA…

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Canada Lumber Exports, Not to USA

Canada Lumber Exports, Not to USA

The China section of Canada Wood Group wrote February 6 that from January to November 2017 China’s forestry fixed asset investment totalled RMB 204.1 billion (C$40.13 billion), representing +3.2 per cent growth year-on-year. During the same period wood volumes imported via Taicang Port equalled 10.29 million cubic metres, which is equal to a +27.18 per cent year-on-year. Canadian wood import volumes were 4.18 million cubic metres, rising +10.21 per cent compared to the same period last year. During the first…

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Canada Sawmills: November 2017

Canada Sawmills: November 2017

Lumber production at Canadian sawmills fell -1 per cent from October, with sawmills producing 5,929 thousand cubic metres of lumber in November, said Statistics Canada February 8. Production was -1.5 per cent lower than in November 2016. Sawmills shipped 5,656 thousand cubic metres of lumber in November, down -3.9 per cent from October and -4.8 per cent lower than in November 2016.

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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