Lumber

Canadian lumber production increased 7.2% from April 2022 to 4 649.5 thousand cubic metres in May. Production was down 5.3% from May 2021.

Metsä Fibre’s new sawmill in Rauma Finland, boasts state-of-the-art technology and unparalleled efficiency. Technological innovations such as machine vision, artificial intelligence and integrated information systems to control sawline functions will result in sawn timber of even more consistent quality. The high degre...

West Fraser Timber is permanently curtailing approximately 170 million board feet of combined production at its Fraser Lake and Williams Lake sawmills and approximately 85 million square feet of plywood production at its Quesnel Plywood mill in Canada. The curtailments will be realized through the elimination of one s...

The American Forest & Paper Association (AF&PA) announced the promotion of Andrew Topps as the next Vice President, General Counsel and Corporate Secretary, effective September 1, 2022.

Stella-Jones' 2Q 2022 sales amounted to $907 million, up from $903 million for the same period in 2021. Net income for the 2Q 2022 was $94 million, or $1.51 per share, compared to net income of $115 million, or $1.76 per share, in the corresponding period of 2021.

The Government of Canada announced a $1-million contribution to the Wood Manufacturing Cluster of Ontario (WMCO) to support a study involving 10 collaborating wood manufacturing small and medium enterprises (SMEs) across three industry segments (cabinetry, commercial millwork and furniture).

Staying flat for two weeks, for the week ending July 29, 2022 the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2x4 #2&Btr KD (RL) was US$684 mfbm, said weekly forest products industry price guide newsletter Madison’s Lumber Reporter.

Interfor Corporation recorded net earnings in Q2’22 of $269.9 million, or $4.92 per share, compared to $397.0 million, or $6.69 per share in Q1’22 and $419.2 million, or $6.45 per share in Q2’21.

Resolute Forest Products Inc. reported net income for the 2Q 2022 of $256 million, or $3.29 per diluted share, compared to net income of $268 million, or $3.34 per diluted share, in the same period in 2021.

Western Forest Products Inc. reported net income of $38.6 million and adjusted EBITDA of $66.2 million in the 2Q 2022. Revenue grew by 6% in the 2Q 2022 as compared to the same period last year.

U.S. sawmills have invested heavily to expand capacity since the trade cases were filed in 2016. According to U.S. Lumber Coalition, the domestic industry has produced an additional 15 billion board feet of lumber through 2021. This is enough lumber to build over 1 million single-family homes.

The export volume dipped 3.8% to 2,777.2 thousand m3.

BID Group will be partnering with Canfor Corporation to deliver a new state-of-the-art sawmill complex in southern Alabama. BID will manage, design, build, equip, install, and provide full start-up services for the project. Work on site will begin late in 2023 and startup of the sawmill is scheduled for the 3Q 2024.

Boise Cascade Company reported net income of $218.1 million, or $5.49 per share, on sales of $2.3 billion for the 2Q ended June 30, 2022, compared with net income of $302.6 million, or $7.62 per share, on sales of $2.4 billion for the 2Q ended June 30, 2021.

For the week ending July 22, 2022 the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2x4 #2&Btr KD (RL) was US$684 mfbm, said weekly forest products industry price guide newsletter Madison’s Lumber Reporter. This is up by +$20, or +3% from the previous week when it was $664, and is up by +$59, or +25%,...

US LBM has acquired Deco Truss, primarily a manufacturer and supplier of structural roof and floor trusses in South Florida and the Caribbean.

Mercer International's total revenues in the 2Q 2022 increased by approximately 42% to $572.3 million from $401.8 million in the same quarter of 2021 primarily due to higher pulp sales volumes and higher pulp, energy and lumber sales realizations.

Weyerhaeuser Company reported 2Q 2022 net earnings of $788 million, or $1.06 per diluted share, on net sales of $3.0 billion. This compares with net earnings of $1.0 billion, or $1.37 per diluted share, on net sales of $3.1 billion for the same period last year and net earnings of $771 million for the 1Q 2022.

The British Columbia province provided $149,500 over the past three years to Atli Resources Limited Partnership (Atli Resources LP), which is the forestry arm of the 'Na̱mg̱is First Nation, to support the acquisition of a northern Vancouver Island chipping facility: Atli Chip LP, located in Beaver Cove on the territory...