$115 million project adds 370,400 SF facility and creates 123 new jobs while retaining 200 positions.
New 4,036 m2 facility to increase product value by up to 70% and add lamination and precision machining capabilities.
North America sales surge 60% following opening of dedicated manufacturing facility in 2024.
Finland faces maximum 30 role reductions as manufacturing staff excluded from change negotiations.
Nairn Centre will run briefly to process log inventory, with the sawmill expected to operate into early to mid-June and the planer into late June.
The company plants more than 100 million seedlings a year and says skidder tests put it on a path to full autonomy.
The builder cited affordability concerns and competitive conditions, and said it adjusted incentives, sales pace and production while working down spec inventory.
New division head succeeds Doug Smith after securing new supply and driving strongest results since 2016.
Core strategy targets $1.5 billion over 5 years across Chile, Uruguay and Brazil following Plateau acquisition.
New Pennsylvania facility targets eCommerce sector and consolidates two prior sites with automated production.
The weekly survey also shows the 15-year fixed rate averages 5.58%.
Price for wood veneer imported to India decreased 6%.
Combined company exceeds $18 billion in revenue as insulation leader joins roofing and lumber portfolio.
Investment targets increased machine availability and more effective maintenance planning within scheduled shutdown windows.
New sawmill under construction in Canada will raise log intake to 500,000 tonnes as North Island acquisition adds Ōtorohanga Timber Company operations.
Unbleached packaging paper shipments hit two-year high as operating rate exceeds 90%.