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Georgia Pacific Builds $150-million US Sawmill
US paper and building products manufacturer Georgia-Pacific LLC is investing US$150 million to open a new sawmill in Albany, GA, as the firm expands its production of softwood lumber, a company press release announced Tuesday. Georgia-Pacific to Build $150-million Sawmill Paper and building products manufacturer Georgia-Pacific LLC is investing US$150 million to open a new mill in Albany, GA…
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RISI, owner of Crow’s Market Weekly, buys Random Lengths Softwood Lumber Publishing
It was quite surprising to Madison’s this week to learn that RISI has bought Random Lengths: https://markets.businessinsider.com/news/stocks/risi-announces-acquisition-of-random-lengths-1027426671 RISI already runs Crow’s Market Weekly: https://www.risiinfo.com/product/crows-market-price-service/ Madison’s wonders how a single company is planning to put out two competing publications at the same time? This, after RISI itself having it’s European offices raided for securities breach in…
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US New Home Sales, Home Ownership: June and 2Q 2018
Contracts for new, single-family home sales declined in June, falling -5.3% to a 631,000 seasonally adjusted annual rate according to estimates from the joint release of HUD and the US Census Bureau Wednesday last week. The decline came off a downwardly revised May estimate, which was dropped from an initial read of 689,000 to a new estimate of…
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A Steadier Supply-Demand Balance for Looming August Lumber Market
The supply-demand balance situation became much more clear this month for North American solid wood operators. Also, end-users have updates on field inventories both at producers and with secondary resellers. As the market was better able to determine how much construction framing dimension lumber is in the supply chain compared to immediate future building needs,…
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British Columbia Forestry Worker Strike Vote
About 1,500 sawmill workers impacting 13 sites in northern British Columbia are expected to take a strike vote sometime in the next week or so, said the Williams Lake Tribune Tuesday last week. The move could impact all of Tolko Industries’ employees in the north (including both mills in Williams Lake, BC), half of all…
