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North American Lumber & Panel Markets and Outlook for 2015: FEA
This week BMO Capital Markets Packaging & Forest Products Analyst Mark Wilde (formerly of Deutsche Bank) held a conference call for an update on North American Lumber & Panel Markets and Outlook for 2015 with analysts from Forest Economic Advisors ( www.getfea.com ).
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More Sawmill Fires
A blaze broke out around 4:30 pm Thursday at Sexton Lumber in Bloomfield, NL, on the Bonavista Peninsula. The fire was in the dried bark/sawdust holding building on the outside edge of the property, and the sawmill, kiln, planer mill, drying plant, office, and inventory sections were all undamaged. However the company lost a complete…
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Norbord, Ainsworth to Merge
Two Canadian wood product companies — Norbord Inc. and Ainsworth Lumber Corp. — plan to combine their businesses through a $759-million deal to create one of the world’s largest producers of oriented strand board. Norbord Inc.’s proposed acquisition of Ainsworth Lumber Co. Ltd. will create a global wood products giant with a market capitalization of…
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Sawmill Curtailments, Closures
Reduced demand for dimensional lumber in China has resulted in Western Forest Products closing its Ladysmith, BC, Sawmill effective Friday. According to company spokesperson Amy Spencer, the mill will be shut down temporarily. The mill, which has 85 employees, is expected to continue to run some maintenance and shipping shifts, so it’s unclear how many…
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Tembec Mill Strike
Tembec ceased production at its lumber mill in Temiscaming, QC, Thursday after workers went on strike late Wednesday. The Quebec-based pulp, paper, and lumber producer says 650 unionized employees of Unifor local 233 have walked off the job at the facility. An additional 200 workers employed at the mill are not unionized. The union and…
