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
Valutec TC Kilns See North American Success
As a leading developer and world leader in continuous dry kilns Valutec has delivered more than 2,000 continuous kilns to sawmills around the world. In 2020, the company commissioned North America’s first TC continuous kiln at Pleasant River’s Moose River Lumber in Jackman, Me. Now, another eight kilns are up and running, or being installed in North America…
SmartLam Plans Glulam Facility
SmartLam North America, reportedly the largest manufacturer in North America of cross-laminated timber (CLT), announced it will build a $50 million glulam manufacturing facility in Dothan, Ala. The new SmartLam facility, to be built adjacent SmartLam’s existing CLT facility in a 144,000 sq. ft. structure, will manufacture…
Peak Announce SYP Pellet Mill
Vancouver, Canada-based Peak Renewables plans to build a 180,000 metric tons per year wood pellet mill in Dothan, Ala. The $30 million project will utilize residuals from Rex Lumber sawmills in the area. Construction on the facility is expected to be completed by mid-2023. Peak is building the plant adjacent the SmartLam cross-laminated timber plant and upcoming glulam facility in Dothan…
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.