The companies will be combined as UFP Palets y Embalajes S. de R.L. de C.V. and will operate in three locations: Monterrey, Durango and Guanajuato in Mexico.
Lumber
New funding for six wood-product manufacturers will grow British Columbia’s value-added wood sector, fortifying local economies and creating and protecting hundreds of forestry jobs.
The ITC examined and found that improvements in the U.S. softwood lumber industry, such as increases in production, capital investments, and employment, were related to the antidumping and the countervailing duty orders.
The joint statement emphasized the importance of collaboration to strengthen the forestry sector for both Canada and the United States, arguing that working together would benefit both parties.
Imports of softwood lumber to Japan contracted 24%.
Exports of U.S. goods for October were $170.8 billion, $3.0 billion less than September exports. Imports of goods for October were $260.7 billion, virtually unchanged from September imports.
A new split saw supplied by USNR will start operating in 2025.
Atlas Engineered Products' revenue for the nine months ended September 30, 2023 was $35.2 million compared to revenue of $46.9 million for the nine months ended September 30, 2022.
In the week ending November 17, 2023, the price of Western S-P-F 2x4 #2&Btr KD (RL) was US$404 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is flat from the previous week.
Through this expanded partnership, U.S. LUMBER and Amerhart will add distribution for more of Westlake Royal’s leading brands, across multiple locations in Michigan, Wisconsin, Ohio, Pennsylvania, New York, New Jersey and Massachusetts.
The curtailment will affect approximately 80 positions. Plywood production will continue at the same volume.
The Madison’s Lumber Prices Index for the week ending November 24, 2023 was US$447 mfbm. This is up by +2.5%, or +$11, from the previous week when it was US$436.
The facility, which sits on 22 acres of land, is fully staffed and ready for production with a heat treat chamber onsite.
Exports of lumber from Lithuania decreased 8%.
The mill will have an annual production capacity of about 160,000 cubic metres of Kerto LVL and is expected to start production in the second half of 2026.
Price for lumber exported from Latvia slipped 5%.
Exports of lumber from Russia to China decreased 6%.
Exports of lumber from Finland to China grew 6%.
The groundwood and board mill has been the heart of the village since the 1870s, first as a working mill and since 1972 as Finland's first mill museum.
Exports of lumber from New Zealand slipped 5%.