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
Hilmer Andersson Goes With Valutec
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Swedish family-owned sawmill company Hilmer Andersson has invested 4 million Euros in wood dryers from Valutec, including a FB continuous kiln and three batch kilns. “Over the years we have developed…
Pyramid Mountain Closing Sawmill
Pyramid Mountain Closing Sawmill Reports in late March indicate that Pyramid Mountain Lumber plans to close its Seeley Lake, Mont. sawmill. Pyramid announced its board of directors and shareholders unanimously voted “with the heaviest of…
The Issues: Oregon Facing Danger Signs
Oregon Facing Danger Signs googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Article by Dan Shell, Senior Editor, Timber Processing April 2024 The state may be the top U.S. lumber producer right now, but log supply in Oregon the…
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.