Interfor is acquiring the WestRock sawmill in Summerville, SC for US$59 million. The Summerville mill produced 125MMBF in 2020. A new permit was received in 2020 that allows for the production of up to 200MMBF and Interfor has identified a number of operational and capital investment initiatives to optimize and increase production going forward.
The Summerville mill is 65 miles southwest of Interfor’s Georgetown, SC mill and 115 miles northeast of Interfor’s Meldrim, Ga. mill. This strategic positioning will allow for log sort optimization and procurement synergies across these three mills, according to Interfor.
As part of the transaction, Interfor will enter into a long-term chip and biomass supply agreement with WestRock’s Charleston, SC paper mill. “This transaction is a logical tuck-in with our existing U.S. South platform and reiterates Interfor’s commitment to disciplined growth and investment in the U.S. South,” says Ian Fillinger, President and CEO of Interfor.
As a result of the transaction, Interfor’s total annual lumber production capacity will increase to 3.2 billion BF, of which 1.7 billion BF or 55% will be located in the U.S. South.
Utilizing major cogeneration residual, Humboldt Sawmill in Scotia, Calif. has obtained a European Biochar Certificate, the first U.S. based company to do so. Through the production of biochar, a byproduct of its Scotia, California cogeneration plant, Humboldt Sawmill is providing a sustainable product that can be added to soils by farmers and other landowners to aid in…
U.S. housing starts were at a seasonally adjusted rate of 1.580 million for January, a 6% decrease from December and 2.3% below January a year ago, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report…
Drax Group, the major United Kingdom-based electricity producer, which has converted much of its generation from coal-fired to wood pellet fuel, has entered into an agreement to purchase major Canadian-based industrial wood pellet producer Pinnacle Renewable Energy Inc. The all-cash transaction…
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