Despite high lumber prices, log prices in the U.S. South remained at the same low level as in previous years. However, this gap is beginning to close. Atlanta-based Domain Capital Group, which manages $600 million in forestry assets, is already seeing growing prices for standing timber. Scott Reaves, director of forest...
This week the wholesaler price of benchmark construction framing dimension North American softwood lumber item Western Spruce-Pine-Fir KD 2×4 #2&Btr, for the week ending June 11, 2021, dropped dramatically to US$1,275 mfbm (net FOB sawmill), down by -$325, or a full -26%, from last week.
Canfor Corporation and Canfor Pulp Products Inc. appoint the companies’ newest board member, Sandra Stuart. Ms. Stuart was the first female CEO of a major bank in Canada and has an international banking career spanning 40 years and three countries.
The historic climb for U.S. lumber prices, combined with delays and higher costs for other building materials, is a significant limiting factor for home building in 2021. Lumber prices are now falling with an expectation that prices will decline below $1000 per thousand board feet in the coming weeks.
James Jones & Sons Ltd, one of the UK’s leading pallet and packaging businesses and owner of Billington (International) Ltd has announced the acquisition of UK Pallet Collars Ltd.
Resolute Forest Products Inc. announced additional capital investments of $50 million in its wood products operations in Canada and US.
As May rolled into June and following the dual long weekends of Victoria Day in Canada and Memorial Day in the US, lumber prices remained flat like they had been the previous week. However rumblings emerged which suggested prices might be going down soon.
The new facility will have an annual production capacity of 250 million board feet on a two-shift basis and will directly employ about 130 people plus create significant additional indirect jobs.
UPM has completed the employee consultation process in Finland started in April. As a result, the number of employments in Finland will decrease by 28. In Germany and Austria, the process is still on-going.
At the new Bois Factory 70 in Demangevelle, France, the Poujoulat Group is now using a Mühlböck progressive kiln with fully automated feed system for drying its firewood.
Swedish sawmilling group Bergkvist Siljan reported 1Q 2021 net sales of SEK 620 million ($75 million), compared to SEK 747 million ($90.4 million) in the 1Q 2020. EBITDA was SEK 87 million ($10.5 million) in the 1Q 2021 with an EBITDA margin of 14%. Operating profit was SEK 71 million ($8.6 million), with an EBIT margi...
Canada's lumber production increased 20.9% from February 2021 to 5 632.4 thousand cubic metres in March 2021. Production was 12.4% higher than in March 2020.
UK’s waste wood exports reduced from 190,000 tonnes in 2019 to 92,000 tonnes in 2020, but imports increased from 20,000 tonnes in 2019 to 82,000 tonnes last year. The total amount of waste wood collected in 2020 was 4,050,000 tonnes, approximately 10% lower than in 2019 when it was 4.5 million tonnes.
Doman Building Materials Group Ltd. has acquired Texas-based Hixson Lumber Sales. The Company acquired all of the assets of the Hixson Lumber Sales group of companies for approximately $375 million in cash, including inventory. Hixson is being acquired on a cash-free and debt-free basis, and the transaction is being fu...
Bergs Timber's net sales for the 1Q 2021 amounted to SEK 593 million ($71.7 million), compared to SEK 528 million ($63.8 million) in the 1Q 2020. 1Q 2021 EBITDA increased to SEK 65 million ($7.9 million), which corresponds to an EBITDA margin of 11%.
Precious Woods achieved consolidated net sales of Euro 46.2 million in fiscal year 2020. This was 4.1% above the previous year's sales (Euro 44.4 million).
BSW acquires Bayram Timber Ltd. Bayram will be integrated with BSW Timber Solutions Ltd and will continue to operate from the existing site in Melton. Bayram processes 120,000m3 of machined and further refined timber annually, with the support of 160 colleagues.
Metsä Group has started a planning process with the City of Äänekoski in Finland with the aim of expanding the production of mechanical wood products at the Äänekoski mill site in the future. The planning process is estimated to last until early 2022.
US LBM has reached a definitive agreement to acquire J.P Hart Lumber and Hart Components, a building products distributor and manufacturer with eight operating locations across Texas. The transaction is expected to close during the 3Q 2021, subject to customary closing conditions.
Arauco’s net income was $102.4 million, equivalent to a $27.5 million increase when compared to the $74.9 million obtained during the 4Q 2020, and a $132.1 million increase compared to the 1Q 2020. Revenues reached $1,346.7 million in the 1Q 2021.