Recently Reopened BC Sawmill Forced To Close
A northwestern British Columbia sawmill has shut down after only a few months of it’s reopening, due to a rapid decline in lumber demand.
The Kitwanga Sawmill near Hazelton reopened July 8, 2011 with optimism that the B.C. forest sector was rebounding from a steep downturn, but mill owner Pacific Bioenergy announced recently that they have temporary shut down because of market events that were completely unforeseen when they started up this summer. The mill’s 45 employees and staff have been laid off temporarily.
Lumber prices have tumbled from a high in the $300 US range for 1,000 board feet in early 2011 to $229 US, which is below break-even for all but a handful of B.C. mills.
“We started the mill in the early summer period. All the experts leading up to that period in time were predicting stronger market outlooks,” said Wayne Young, Pacific Bioenergy’s president. Young also said the company is looking into options such as custom cutting lumber to keep the mill running until prices improve for commodity lumber. Pacific Bioenergy also has plans to build a pellet plant at Kitwanga.
Latest News
Chuck Roady, Five Others Appointed To Softwood Lumber Board
Agriculture Secretary Tom Vilsack has appointed six members to serve on the Softwood Lumber Board. Members will serve a three-year term of office beginning Jan. 1, 2014. New appointments include manufacturers Charles W. Roady, Columbia…
Canfor Announces Capital Investments In B.C. Sawmill
Canfor Corporation announced today that, subject to ratification of the tentative labor agreement between the Company and the United Steelworkers, the Company will proceed with capital investments totaling approximately $36 million to improve efficiency and…
Pennsylvania’s Musselman Lumber, Inc. Joins U.S. LBM Holdings
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); U.S. LBM Holdings, LLC is pleased to announce the acquisition of Musselman Lumber, Inc. of New Holland, Pennsylvania from partners, Galen Eby, Joe Good and Bob Quinlivan. Founded in 1911, Musselman’s…
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.