Canfor Plans New BC Sawmill
Canfor Corp. stated that to better align manufacturing capacity in British Columbia with the available long-term fiber supply, it is restructuring its BC operations by permanently closing its Chetwynd sawmill and pellet plant and temporarily closing its Houston sawmill for an extended period to facilitate the construction of a new manufacturing facility. Project planning, scoping, preliminary engineering and budgeting are underway.
The company will undertake a comprehensive evaluation of the availability of economic fiber and a thorough project financial analysis, supporting a final investment decision by the end of the second quarter of 2023. Both facilities will be closed following an orderly wind down of operations that is expected to conclude early in the second quarter of 2023 and will remove 750MMBF of annual production capacity.
“We are making these difficult but necessary decisions to create a more sustainable operating footprint in BC,” comments Don Kayne, president and CEO. “Our goal is to match our mill capacity with the economically available fiber for harvest to enhance our ability to compete and to operate throughout the market cycles. This is what will ultimately create greater stability for our employees and communities, while ensuring we can continue to provide the high quality, low carbon products that are in demand by our customers around the world.”
Vaagen Thanks Support For Midway Sawmill
The outpouring of support for Vaagen Fibre Canada’s Midway, BC sawmill, upon the early January Vaagen family announcement of the mill’s impending closure, was substantial, but apparently hasn’t changed the disappointing outcome, at least for now. The Vaagen family, whose Vaagen Brothers Lumber headquarters and sawmill is in Colville, Wash., announced on…
Mercer Gains Mass Timber Contract
Mercer International Inc. reported it has signed its first major mass timber project contract with a large consumer products retailer. The project, which is composed of cross-laminated timber panels, glue-laminated beams and connector elements, is expected to utilize four months of capacity at Mercer’s Spokane, Wash. facility on a one-shift basis over the course of 2023…
U.S. Housing Starts Rebound In February
U.S. housing starts brushed off a sluggish January and reached a seasonally adjusted rate of 1.45 million in February, up 9.8% over January. Single-family starts were 830,000, a percent above January, while multi-family (five units or more) were at 608,000, up a whopping 24% over January. The uptick in February broke a four-consecutive monthly decline for the combined starts…
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