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Canfor Q4 Profit Rises On Lumber Price Gains

Canadian forest products company Canfor Corp. posted a higher fourth-quarter profit on Wednesday, boosted by strong lumber prices as well as an increase in pulp production and shipments. Net income attributable to shareholders rose 31 percent to C$28 million, or 20...

West Fraser Timber CEO Says U.S. Housing Market Improving

The head of West Fraser Timber warned Tuesday that demand for lumber can be volatile through the winter as the recovery in the U.S. housing market continues to be slow. Lumber prices were up in the third quarter, helping boost the Vancouver-based company’s...

Hankins Lumber To Restart Grenada, Mississippi Sawmill

Hankins Lumber To Restart Grenada, Mississippi Sawmill Officials from Hankins Lumber Co. announced that the company is reopening its southern yellow pine lumber facility in Grenada, Miss. following a 15 month closure due to the downturn in the economy. The project...

Southern Lumber And Timber Market Recovery Underway

Economic recovery is producing promising outgrowths for the Southern lumber and timber industry. Increasing demand and constrained supply globally are inciting a long-term rebound across the U.S., which is good news for Florida where timber resources are an important...