Pino Pucci succeeds Brad Thorlakson as President and CEO.
Price for logs exported from Japan lost 5%.
Exports of particle board from Turkey increased 23%.
Imports of plywood to Japan expanded 16%.
The project includes the complete upgrade of the cogeneration plant and air systems of the mill’s PM4 and PM5.
The property includes sawmill feeding, the new sawmill line, by-product handling from sawmill production, and a feeding and intermediate storage system for green sorting of sawn timber.
Revenue has decreased due to some material prices stabilizing at a lower level which are less than the prior few years and a more competitive construction market fueled by interest rate hikes by the Bank of Canada.
With this acquisition, the Thorne Lumber locations in the Missouri communities of Chillicothe, Cameron, and Plattsburg will bring R.P. Lumber’s total location count to 87, including 20 in Missouri.
Mosaic Forest Management announced that the current President and CEO of Mosaic Forest Management, Rob Gough, will leave the company for personal health reasons.
U.S. mortgage rates move up.
The closing of the agreement is estimated to occur at earliest on August 1st, 2024.
Exports of wood chips from Vietnam to Japan contracted 12%.
Imports of wood pellets to Japan grew 22%.
Price for lumber imported to Japan rose 1.4%.
Per Funkquist has extensive and solid experience in the forestry industry and will take up his new position on September 1, 2024.
The annual lumber production capacity of the Keitele sawmill will increase to 600,000 cubic meters of finished lumber.