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US Manufacturing Rates, Producer Prices: 3Q 2016
The Final US Markit Manufacturing PMI increased to 54.1 in November of 2016 from 53.4 in October. As well, producer prices in the United States is expected to be 111.30 Index Points by the end of this quarter, according to Trading Economics. Economic activity in the manufacturing sector expanded in November, and the overall economy…
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Manufacturing Orders, US: October 2016
The flash Markit US PMI manufacturing index, released Wednesday, strengthened to 53.9 for November from 53.4 the previous month. The figure was higher than the consensus forecast of 53.4 and also the highest reading for 13 months. Production increased for the sixth consecutive month and the November reading was the strongest since March 2015. US…
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Canfor Buys
Canfor Corp, out of Vancouver, BC, announced Wednesday the purchase of the operating assets of Southern Lumber Co. The acquisition includes a sawmill located in Hermanville, MI, which is a large log southern yellow pine dimension mill manufacturing predominately long, wide width lumber. The sawmill is in an area of exceptionally high quality fibre and…
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Weyerhaeuser Invests
Weyerhaeuser is investing US$57 million over a three-year period to install two continuous direct fired kilns and a new planer mill at its softwood lumber mill in Philadelphia, MI, the company announced Wednesday. The mill produces approximately 220 million board feet of Southern Yellow Pine two-inch dimension lumber, 2×4 through 2×12.
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Canfor, Canfor Pulp Report
Canfor Corporation Thursday reported net income of $54.3 million, or $0.39 per share, for 2Q 2014, compared to $110.3 million, or $0.77 per share, for 2Q 2013. Canfor Pulp Products also Thursday reported net income of $18.8 million, or $0.27 per share, for 2Q 2014, compared to $7.6 million, or $0.11 per share, for 2Q…
