Wood industry news and analysis, sawlog and lumber prices

Segezha Group opens a new pellet production facility in Sokol, Vologda region, Russia. The new plant will produce 65,000 tonnes of products annually. Around RUB 1 billion ($13.6 million) has been invested in this project.

The Paper Excellence Group closes its previously-announced acquisition of Domtar. Domtar will operate as a stand-alone business entity within the Paper Excellence Group, with Domtar’s current CEO and management team remaining in place.

Paper Excellence announced the indefinite curtailment of operations at its Catalyst Paper tiskwat mill. The ongoing contraction of global paper markets and paper prices are creating significant on-going financial losses at the mill. So, the facility is simply not viable under the reality of today’s market conditions.

Weyerhaeuser appoints David Graham as president of Weyerhaeuser Company Limited, its wholly owned Canadian Subsidiary, effective January 1, 2022. Graham's appointment follows the planned retirement of Fred Dzida, who has served as president of the company's Canadian subsidiary since 2014 and will stay on through March ...

Stora Enso signs a new Euro 700 million revolving credit facility (RCF) agreement with a syndicate of 12 banks to refinance its existing Euro 600 million facility. The five-year facility has two one-year extension options and will be used as a backup for general corporate purposes.

US LBM has acquired Professional Builders Supply, a top supplier of building materials to local, regional and national custom and production professional builders in North and South Carolina.

The South African wood-based panel producer PG Bison signed the contract for the purchase of its fourth Siempelkamp plant within 15 years. The planned annual production capacity of the new MDF plant is more than 275,000 m3 per year. Commissioning of this equipment is planned for the 1Q 2022.

Demand for solid wood commodities jumped noticeably around midweek after severe flooding struck the Southwestern region of British Columbia, cutting off the port city of Vancouver from the rest of mainland Canada.