Kamps, Inc. announces the acquisition of Pal-King, Inc. out of Jacksonville, Florida. The addition of Pal-King grows Kamps’ asset-based locations to 61 facilities, supported by over 8,000 trailers and over 4,000 employees.
Canadian lumber production increased 3.8% from October 2022 to 4 365.8 thousand m3 in November 2022. Production was down 9.8% from November 2021.
Swedish wood products company Setra has reported an operating loss of SEK -69 million ($6.6 million) for the Q4 2022. Net sales totalled SEK 1,395 million ($134 million), compared to SEK 1,563 million ($150 million) in Q4 202
BID Group will be expanding its digital offering with its new AI-Powered Smart Vision. The system can be deployed at all stages of the process and uses Artificial Intelligence to analyze images from the cameras that constantly watch production and identify objects of interest, leading to an increase in productivity.
The Austrian Pfeifer Holding GmbH was able to successfully complete the acquisition of the largest private wood processing company in northern Finland, Pölkky Oy, by closing the transaction. It was agreed not to disclose the purchase price.
The U.S. Department of Agriculture’s Forest Service announced it will offer $41 million through the 2023 Wood Innovations Grant and 2023 Community Wood Grant programs to spark innovation and create new markets for wood products and renewable wood energy. The application deadline for both grant programs is Thursday, Mar...
Exports of lumber from Thailand contracted 9%.
In the week ending January 20, 2023, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2x4 #2&Btr KD (RL) was US$374 mfbm, which is up by +$4 or +1%, from the previous week when it was US$370 mfbm, said weekly forest products industry price guide newsletter Madison’s Lumber Reporter.
PotlatchDeltic Corporation's Q4 2022 revenues increased by 2% to $253.1 million. Net income for the full year 2022 was $333.9 million, or $4.58 per diluted share, on revenues of $1.3 billion.
UFP Industrial, LLC is changing its name to UFP Packaging, LLC. The change is effective February 1, 2023.
Mirax Group has reached an agreement to acquire Lyle Forest Products (Lyle) located in Chilliwack, British Columbia, Canada. The new division will operate as Lyle Specialty Forest Products Ltd., where sister-company Jazz Forest Products will be the sole distributer for Lyle products.
Goodfellow Inc. announces that Ms. Paule Têtu has informed the Board of Directors that she is resigning effective immediately.
Weyerhaeuser Company reported Q4 2022 net earnings of $11 million, or 2 cents per diluted share, on net sales of $1.8 billion. This compares with net earnings of $416 million, or 55 cents per diluted share, on net sales of $2.2 billion for the same period last year and net earnings of $310 million for the Q3 2022.
The average price for imported lumber in Japan expanded 17%.
84 Lumber plans to add to its existing 310 facilities in 2023. The company plans to open new facilities and make improvements to 54 existing locations to increase its market share by the end of 2023.
Western Forest Products Inc. will not restart its Alberni-Pacific Division (APD) facility in its current configuration and has established a multi-party working group to explore potential viable industrial manufacturing solutions for the facility. The mill has been curtailed since fall 2022.
U.S. real gross domestic product (GDP) increased at an annual rate of 2.9% in the Q4 2022. In the Q3, real GDP increased 3.2%.
Koppers Utility and Industrial Products Inc., a wholly-owned subsidiary of Koppers Holdings Inc., announced the purchase of a 70-acre property in Glendale, Oregon. The purchase of the land, formerly used as a sawmill, also includes equipment on premises. The property was acquired from The Emerald Fund, LLC.
Canfor Corporation is restructuring its British Columbia (B.C.) operations by permanently closing its Chetwynd sawmill and pellet plant and temporarily closing its Houston sawmill for an extended period to facilitate a major redevelopment on the site.
Top container shippers Maersk, MSC Mediterranean Shipping Company have mutually agreed to terminate, effective in January 2025, the present 2M alliance.