Tag Archives: lumber

Conifex to temporarily curtail Mackenzie sawmill in British Columbia, Canada

Conifex Timber Inc. will be temporarily curtailing its Mackenzie, British Columbia (BC) sawmill commencing February 21, 2023 for up to two weeks. Unsustainable inventory levels due to rail transportation challenges impacting the interior BC region have necessitated this step. Conifex will closely monitor its inventory levels and evolving transportation availability over this period as the rail network […]

Exports of lumber from Sweden increase 39% in November

In November 2022, the exports of lumber from Sweden expanded 39% year-on-year to 857.6 thousand m3. the average price for lumber exported from Sweden in November 2022 decreased 8% compared to the previous month and amounted to $247 per m3. This is 39% less than a year ago when it was $407. Source: Lesprom  Network

Nippon Paper to Increase Prices in 2023 for P&W and Business Communication Papers

Nippon Paper Industries Co., Ltd. has announced a 15-25% price increase for both its printing & writing paper and business communication paper in Japan. The revised price is effective for shipments on and after the 1st of February 2023. “Despite our productivity and cost-cutting initiatives, we are not able to continue to absorb this combination […]

Ukrainian war will likely halt planned investments in the Russian forest industry

Russia’s invasion of Ukraine is likely to impact global trade in the coming months. Increased sanctions against trading with Russia and difficulty with financial transactions will probably interrupt and re-direct shipments of forest products throughout the world, according to Wood Resources International LLC (WRI). As a result, trade with Russia will likely decline, impacting long-established […]

North American lumber prices drop again even as customers step in to buy

The latest construction framing dimension softwood lumber and panel price movement downward in North America has been enough to motivate previously reluctant customers to start making purchases again. Other circumstances, like wildfires and extreme heat in the usual timber supply areas, are adding uncertainty to how the rest of 2021 summer is going to go, […]

Resolute announces $50 million in lumber investments

Resolute Forest Products recently announced additional capital investments of $50 million in its wood products operations to support its continued growth, and it confirmed the repayment of all amounts outstanding under its revolving and term credit facilities, reducing debt by $180 million in the second quarter. “The cash generated with our lumber platform in these […]

Russia’s finance corporation VEB.RF to establish one of largest pulp facilities in the country

VEB.RF, a Russian state development corporation and one of the largest investment companies in the country, will launch one of the largest pulp productions in Russia at the capacities of its Kraslesinvest enterprise. The new production will be commissioned on the basis of already existing timber processing complex of the company in the Krasnoyarsk Territory. […]

Rayonier Advanced Materials to divest its lumber and newsprint businesses

Rayonier Advanced Materials and GreenFirst Forest Products Inc., a Canadian lumber company, announced today that the parties have entered into a binding asset purchase agreement pursuant to which RYAM has agreed to sell all of its lumber and newsprint facilities and related assets located in Ontario and Québec to GreenFirst for an expected purchase price of approximately US$214 million including inventory […]

Provinces frustrated by ‘unjustified’ softwood lumber duties

The U.S. Department of Commerce (DOC) released the first administrative review of softwood lumber duties on Canadian exports to the U.S. The new combined countervailing (CVD) and antidumping (AD) rate is 8.99 percent. This is down from the current rate of 20.23 percent. The governments of B.C., Alberta, and Saskatchewan have each released a statement […]

Mercer International Reports Third Quarter 2020 Results

Mercer International Inc. (Nasdaq: MERC) reported third-quarter 2020 Operating EBITDA decreased to $45.6 million from $50.8 million in the third quarter of 2019 and increased from $40.5 million in the second quarter of 2020. In the third quarter of 2020, net income was $7.5 million (or $0.11 per share) compared to $1.2 million (or $0.02 […]