Resolute Forest Products Purchasing Three Sawmills
Resolute Forest Products Inc. entered into an agreement to acquire Conifex Timber Inc.’s three sawmills in the U.S. South for $163 million plus working capital estimated at $7 million. The three sawmills, with combined production capacity of 550MMB, are located in Cross City, Florida; and Glenwood and El Dorado, Arkansas.
Production capacity for Cross City is 185MMBF and it is currently operating on a two-shift basis. Glenwood’s capacity is also 185MMBF and is operating on a 1.5 shift basis. The El Dorado mill, with capacity of 180MMBF, was recently idled. Resolute intends to build on Conifex’s capital investments in recent years, including $55 million at El Dorado, $23 million in Glenwood and $12 million in Cross City.
Latest News
Colorado Homebuilders Called To Use Beetle-Killed Timber
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Senator Mark Udall recently called on Colorado homebuilders to use beetle-killed trees to build homes, thus clearing local forests of hazardous trees and creating jobs in the process. At an event…
Washington Based Stimson Lumber Mill Facing Closure
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); The Washington State Employment Security Department said last week that the Stimson Lumber Mill in Arden, Wash. will layoff 67 of its workers in November and eventually shut down the mill.…
Bandit Industries Receives EPA Award
Bandit Industries, Remus, Mich., recently received an Environmental Protection Agency award in recognition of efforts to reduce hazardous chemicals through the National Partnership for Environmental Priorities (NPEP) program. The award was presented to Bandit Industries…
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.