Mercer Purchases Germany’s HIT
Mercer International Inc. has entered into an agreement to acquire all of the outstanding shares of the parent company of HIT (Holz Industrie Torgau) for €270 million. HIT owns, among other things, 100% of a timber processing and value-add pallet production facility in Torgau, Germany and a wood processing facility in Dahlen, Germany that produces garden products…
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Canfor Announces Capital Investments In Kootenay Sawmill Operations
Canfor Corporation recently announced that the company will be proceeding with capital improvement projects totaling approximately $40 million in its sawmill facilities in the Kootenay region of British Columbia. These investments represent the first major component...
B.C. Braces For Timber Supply Slump
Beetle-killed pine trees across the B.C. Interior will start to become uneconomical to log in the next two to five years, resulting a steep drop in timber supply and employment, according to a technical report prepared for the forests ministry. Cariboo North MLA Bob...
Explosions Trigger Safety Review Of B.C.’s Sawmills
Explosions Trigger Safety Review Of B.C.’s SawmillsWorkSafeBC has ordered sawmills across the province to immediately investigate sawdust levels and other possible workplace hazards in their facilities, saying the review is urgently needed given explosions at two...
GE Capital Closes On Loan For 84 Lumber Company
GE Capital Corporate Finance recently announced it is co-collateral agent and documentation agent for a $225 million asset-based loan for 84 Lumber Company, one of the nation’s leading privately-held building materials and services suppliers to professional...
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Timber Processing
Our publication focuses on sawmill project installations in the softwood and hardwood lumber industry in North America and worldwide. Special emphasis is also given to new product technologies and to the important issues impacting the lumber manufacturing industry.
The Timber Processing editorial staff counts 90 years of combined experience in visiting sawmill operations, interviewing management and production personnel and delivering concise and accurate reports on startups and upgrades.
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