News & Updates
Canfor Sells Sawmill, Piece Of Forest Tenure
Canfor Corp. is selling its Mackenzie, BC sawmill and site to Peak Renewables. Canfor also announced it is selling its forest trnure in the Mackenzie region to McLeod Lake Indian Band and Tsay Keh Dene Nation. “We are very pleased that the sale of the Mackenzie tenure will provide an opportunity for the…
U.S. Housing Starts Gain Momentum
U.S. housing starts picked up the pace in February, increasing 6.8% over January to a seasonally adjusted annual rate of 1.769 million, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report…
Drax Gets Satellite Pellet Plant Going
Drax Group is ramping up to full production at Leola—the first of three new satellite pellet plants it plans for Arkansas. Leola, in Grant County, is part of a $40 million investment by Drax in the state, creating approximately 30 new jobs across all the three sites planned for Arkansas as well as many more indirect jobs…
SFPA EXPO Plans Move To Nashville
The stage is set. 2023 will mark a new tour for the successful Forest Products Machinery & Equipment EXPO, bringing the show for the first time ever to Nashville, Tenn. and its Music City Center convention center located in the heart of downtown. The date is August 23-25, 2023…
Chunk Of Timberland Sold In U.S. South
Ontario Teachers’ Pension Plan Board’s Tamarack Timberlands LLC, an investment vehicle owned by Ontario Teachers, has assumed ownership of 870,000 acres of timberland in the U.S. South from Resource Management Service (RMS). The large-scale timberland portfolio of high-quality loblolly pine is spread throughout the U.S. South and…
New Chinese Log Requirements
On December 20, 2021, the General Administration of Customs of the People’s Republic of China (GACC) released Decree 110. The Decree, entitled Quarantine Requirements on Pine Wood Imported from Countries with Occurrence of Pine Wood Nematodes is believed to generate more cost and probably new challenges to the U.S. export of logs and lumber to China…
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