The British Columbia forest industry was deteriorating prior to the COVID-19 pandemic. Since mid-2019, B.C. has experienced a disproportionately high number of sawmill closures and curtailments compared with other states and provinces. If anything, the pandemic simply helped to accelerate the timeline. And now the B.C. government is looking for…
Global market conditions for lumber have changed rapidly as a result of a number of factors, not least of which is the Covid-19 situation. The company has therefore had to make the difficult decision to curtail some of its operations. Effective Sunday, April 5th, 2020, all of Sinclar’s lumber manufacturing…
Resolute Forest Products Inc. announced it will acquire Conifex Timber Inc. ‘s three U.S. sawmills for $163 million, plus net working capital at closing, currently estimated at $7 million. The three sawmills have a combined production capacity of 550 million board feet and are located in Cross City, Florida, and…
Western U.S. sawmills produced 13.203 billion board ft. (bbf) of softwood lumber in the first 11 months of 2019, a drop of 1.4% from the same period in 2018 when output was 13.390 bbf, according to the latest figures from the Western Wood Products Assn. (WWPA) of Portland, Oregon. Coastal…
Domestic sawlog prices in Finland and Sweden have been declining for over a year because of lower demand from the region’s sawmills. However, the reduced wood raw-material costs have not kept pace with the falling prices for lumber, which has resulted in lower margins for the sawmilling sectors in both…
