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
Hilmer Andersson Goes With Valutec
Swedish family-owned sawmill company Hilmer Andersson has invested 4 million Euros in wood dryers from Valutec, including a FB continuous kiln and three batch kilns. “Over the years we have developed more and more from…
Pyramid Mountain Closing Sawmill
Reports in late March indicate that Pyramid Mountain Lumber plans to close its Seeley Lake, Mont. sawmill. Pyramid announced its board of directors and shareholders unanimously voted “with the heaviest of hearts” to shut the mill and wind down operations as a result of a financial crisis that is worse than challenges the mill weathered in 2000, 2007 and 2015.
The Issues: Oregon Facing Danger Signs
Oregon Facing Danger Signs Article by Dan Shell, Senior Editor, Timber Processing April 2024 The state may be the top U.S. lumber producer right now, but log supply in Oregon the past 30 years or…
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.