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Sawmill Investments
Western Forest Products, Weyerhaeuser, and Interfor all this week announced sawmill upgrades or added shifts. Sawmill Upgrades Nanaimo, BC’s, Western Forest Products is spending $30 million to upgrade three Vancouver Island sawmills, as part of a $125-million capital plan by the company to become more competitive and line up new markets. The Duke Point, BC,…
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Sawmill Curtailments, Closures
Tl’oh Forest Products, out of Fort St. James, BC, will be closing its doors as of July 31st, putting 43 employees out of work, according to 250News Wednesday. The plant produced finger-joint products, but the company says there has been “a fundamental shift in markets that does not allow the business to remain viable”.” The…
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Lumber Production, Shipments, Stock: March 2015
Statistics Canada released Monday the latest data on provincial lumber production and manufacturing sales. As well, the Western Wood Products Association’s monthly Lumber Track, out Friday, contains the latest data on US and Canadian sawmill capacity utilization.
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Lumber Company Mergers, Acquisitions
Lumber company Stock Building Supply Holdings announced Wednesay it agreed to combine with privately held Building Materials Holding, in a deal that positions the combined company to take advantage of demand for building supplies in the recovering housing market. The two lumber companies, once bankrupt, had combined revenue of US$2.7 billion in 2014. Stock Building…
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Interfor Closes
Less than three months after Interfor acquired a Tacoma Tideflats, WA, sawmill, affecting about 125 workers, the company has shut down the mill temporarily to take steps to return it to profitability. Interfor said that it curtailed production Friday at the former Simpson mill because of weak lumber prices and high production costs.
