IFG Closing Tricon Timber
Officials with Idaho Forest Group announced at the end of August the closure of its St. Regis, Mont. sawmill in late November. The company had acquired the mill in 2017 from Tricon Timber.
A post on IFG’s website from August 2019 noted the company had added a sprinkler system, replaced some older equipment and was converting the mill to an 8 ft. operation with other projects in the works. However, according to news reports of the closure announcement, the facility had not met production targets in the past year despite high lumber prices and had been having trouble finding employees.
Company officials say the hot lumber market helped mask some of the issues at St. Regis, but with prices now falling, IFG officials say the mill isn’t cost competitive and the decision was made to close the operation.
The facility employed 99 on site and had a big multiplier effect in western Montana supporting logging, trucking and other local jobs.
IFG operates six sawmills in Idaho and is building a new sawmill in Mississippi that’s scheduled to start up in 2023.
RELATED ARTICLES
Latest News
U.S. Housing Starts Complete Robust Year
U.S. housing starts increased 1.4% in December over November to a seasonally adjusted annual rate of 1.702 million, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report. It’s also 2.5% above December 2020…
Coalition Applauds Commerce Ruling
U.S. Dept. of Commerce issued its final determination in the second administrative review of softwood lumber imports from Canada, and revealed a combined anti-subsidy and anti-dumping duty rate of 17.9%, confirming yet again that Canadian imports are unfairly subsidized and traded into the U.S. market, according to the U.S. Lumber Coalition…
Build Back Better Awards Oregon Group
Oregon Mass Timber Coalition was named by the Economic Development Administration (EDA) as a finalist in the $1 billion Build Back Better Regional Challenge. The coalition was awarded $500,000 to create a strategy for a Mass Timber Modular Manufacturing Facility at Marine Terminal 2 in Portland…
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.