Binational ruling impacts British Columbia's forestry sector
Lumber
The central warehouse will supply all the company’s 116 Swedish branches with building materials and deliver them directly to construction sites. The new warehouse also enables day-to-day delivery to almost all of Sweden.
The acquisition of Express Pallets & Crates will finalise on 1 July 2024, subject to all Completion Precedents being met.
With this acquisition, Culpeper Wood Preservers adds additional drying capacity for hardwoods and softwoods. Culpeper now has 18 facilities within its footprint.
The Madison’s Lumber Prices Index for the week ending May 03, 2024 was US$417 mfbm.
Exports of lumber from Chile grew 16%.
Exports of lumber from Canada grew 6%.
February output strongest in a year.
Koppers Holdings Inc. reported net income for the Q1 2024 of $13.0 million, or $0.59 per diluted share, compared to $25.5 million, or $1.19 per diluted share, in the prior year quarter.
Imports of softwood lumber to the U.S. increased 5%.
With this acquisition, US LBM now operates 12 locations in Northern California, including three structural component manufacturing facilities; the company also operates Homewood Truss, which is located north of Sacramento.
Chris Forrey joined Boise Cascade in 2005 and was promoted to his most recent role of Senior Finance Director in March 2022, where he has led the tax, financial reporting, accounts payable, and financial systems teams.
RemaSawco receives an order from ATA Timber for just over SEK 2.2 million ($201,281). Delivery, installation and commissioning are planned for the last quarter of 2024.
Leveraging Canfor’s experience and expertise, and with an anticipated further $50 million in planned upgrades, production capacity is expected to increase to 175 million board feet per year.
Loss narrows from previous quarter; European operations show resilience.
Goodfellow Inc. reported a net loss of $108 thousand or $0.01 per share compared to a net loss of $211 thousand or $0.02 per share a year ago.
The temporary curtailments will impact all of Interfor’s operating regions, including the US South, through a combination of reduced operating hours, prolonged holiday breaks, reconfigured shifting schedules and extended maintenance shut-downs.
In the week ending April 19, 2024, the price of Western S-P-F 2x4 #2&Btr KD (RL) was US$408 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is down by -$44, or -10%, from the previous week when it was $452.
Company expects lumber prices to stabilize and has adjusted its market outlook for 2024 in response to softer demand forecasts.
PotlatchDeltic Corporation's generated total adjusted EBITDDA was $29.7 million and total adjusted EBITDDA margin was 13% in the Q1 2024.