New capability aims to enhance fiber utilization and add value to lower-grade timber.
$11.5 million capital investment will create 154 new jobs and support Virginia’s forestry industry.
Rate reaches lowest level in over three years as 15-year fixed product drops to 5.38%.
Inventory falls 18.1% from November to 1.18 million units, while median price rises 0.4% to $405,400.
Price for logs exported from Norway changed slightly 0.3%.
Exports of lumber from Norway dipped 3%.
New owner plans to manufacture paper towels and napkins at the 205-acre site, hiring 15 local employees for restart.
New chief executive joins from Plasman Group as interim leader Christoph Sander returns to Board role.
New local entities support two active kiln projects, including one scheduled for installation in May 2026.
Price for wood pellets imported to South Korea rose 3%.
Price for lumber imported to Egypt increased 0.9%.
Shutdown cuts 25 jobs as Domtar slashes North American lumber output by 150 million board feet.
Hardwood lumber PPI falls 0.1% while millwork and plywood rebound.
Company sells UK brands to Alteri Partners.
The 5.6-meter-wide tissue machine will add 65 thousand tons of annual capacity and enhance energy and water efficiency across production.
Plywood production capacity to increase from 65,000 m3 to 85,000 m3 by 2027 following Euro 12 million first phase.