News archive

Tag: Lumber

Interfor to reduce production due to falling lumber prices and rising log costs

23-10-2018
Interfor, reduce production, falling lumber prices, rising log costs

Interfor Corporation recently announced plans to temporarily reduce production across its operating platform in the BC Interior in 2018’s fourth quarter due to a combination of declining lumber prices and escalating log costs. The curtailment is expected to reduce production in the region by approximately 20 per cent during the quarter and …

New Sterling Lumber facility announced in Lufkin

05-10-2018
Sterling Lumber, facility, new, Lufkin, Texas

Governor Greg Abbott recently announced that Sterling Lumber Company, LLC, will be opening a new TerraLam® Cross-Laminated Timber mat manufacturing facility in Lufkin. Sterling is a vertically integrated manufacturer that delivers high-performance ground protection mats and more than 300 industrial products worldwide. The new facility in …

Angeles Equity Partners and Clearlake Capital acquire Meek’s Lumber Company

01-10-2018
Angeles Equity Partners, Clearlake Capital, Meek’s Lumber Company, acquisition

Angeles Equity Partners, LLC, a private investment firm focused on value creation through operational transformation, and Clearlake Capital Group, L.P., a leading private investment firm, have announced the acquisition of the Meek’s Lumber Company. Financial terms of the transaction were not disclosed. Meek’s is one of the largest …

Editor’s pickLumber exports to China entering slower phase

06-09-2018
Lumber exports, China, softwood lumber

According to a recent report from analysis company Woodstat, the export of softwood lumber to China from leading exporting countries worldwide amounted to approximately 2.31 million m³ in June (two per cent less as compared to 2017). The export totalled 12.7 million m³ from January to June (three per cent less as compared to 2017). The …

U.S. Lumber to acquire Alexandria Moulding

30-08-2018
U.S. Lumber, Alexandria Moulding, to acquire

U.S. Lumber Group, LLC and Alexandria Moulding recently that they have signed an agreement under which U.S. Lumber will acquire Alexandria Moulding. U.S. Lumber, based in Atlanta, United States (U.S.), is a leading two‐step distributor of specialty building products in the Eastern and Midwestern U.S. Alexandria Moulding, headquartered in …

Editor’s pickB.C. forest companies look to Asia

26-07-2018
British Columbia, lumber, value added wood products, BC Wood, two-by-four housing, Japan, Korea, China, Southeast Asia, India

Despite the housing boom in the United States in the last few years driving up demand for British Columbia (B.C.) wood products, Asia remains a crucial market as Canada seeks to diversify its global market presence. Several industry officials have recently highlighted the potential in expanding existing markets like China and Japan, as well as …