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Housing Starts Increase In May, Far Ahead Of One Year Ago

Housing Starts Increase In May, Far Ahead Of One Year Ago U.S. housing starts bounced back in May following a dip in April. Housing starts (single-family and multi-family combined) came in at a seasonally adjusted annual rate of 1.572 million, a 3.6% increase over...
Good Times Don’t Last Long Sometimes

Good Times Don’t Last Long Sometimes

Good Times Don’t Last Long Sometimes Article by Rich Donnell, Editor-in-Chief, Timber Processing June 2021 Never—for as long as we’ve been conducting an annual Sawmill Operations & Capital Expenditure Survey—have softwood lumbermen and hardwood lumbermen in the...

Homag Purchases Press Manufacturer

Homag Purchases Press Manufacturer Homag Group is acquiring majority interest in the Danish mechanical engineering company, Kallesoe Machinery A/S, as Homag takes another step toward establishing itself as a leading technology partner for sustainable construction with...

Interfor Purchases Four Sawmills From GP

Interfor Purchases Four Sawmills From GP Interfor is acquiring four sawmill operations in Bay Springs, Miss.; Fayette, Ala.; DeQuincy, La.; and Philomath, Ore. from Georgia-Pacific for $375 million. Interfor says these sawmill operations are highly complementary to...

Canfor Plans New Sawmill In Louisiana

Canfor Plans New Sawmill In Louisiana Canfor Corp. announced it will invest $160 million to build a new sawmill near DeRidder, La. The facility will have an annual production capacity of 250MMBF on a two-shift basis and will employ 130. Startup is expected to commence...