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Canfor Southern Pine, a leading integrated forest products company, will upgrade its existing Camden, South Carolina sawmill in Kershaw County. The company is projected to invest $40 million in the project, as South Carolina Dept. of Commerce reports. The company’s Camden facility has been in operation since 1983 and manufactures dimension lumber. To accommodate its[…]

The new line will be installed next to the current sorting line, at which point the current line will begin serving as a dry sorting line. The capacity of the new line is approximately 150,000 m3 of green lumber a year. The sorting line will include features such as automated camera-based sorting equipment, equipment to[…]

Pinnacle Renewable Holdings Inc. has entered into a long-term, take-or-pay off-take contract with Ube Industries Ltd., a diversified Japanese conglomerate with annual revenues of approximately $6 billion. Under the terms of the contract, Pinnacle will supply 70,000 metric tons per annum of industrial wood pellets to Ube beginning in late 2019. “Japan has made a[…]

West Fraser increased operating earnings in Q1 2018 by 44.8% YoY to $265 million, company reported. The sales have grown up 14.8% to $1,364 million. The lumber segment generated operating earnings of $189 million (Q4-17 – $232 million) and Adjusted EBITDA of $282 million (Q4-17 – $258 million). According to company, Q1 2018’s results were[…]

Favorable export markets in 2017 formed a steady growing demand for the main wood based products in Russia, according to the report ‘Russian Forest Based Industries in 2017’. At the same time, the turn of the Russian economy from a recession to growth (GDP grew by 1.5%) led to a revival of demand for products[…]

Wood remanufacturing company Industrial Wood Products is locating several of its existing product lines and capabilities to Vicksburg, Mississippi. The project is a corporate investment of more than $2 million and creates 50 jobs, the Mississippi Development Authority (MDA) announced. Industrial Wood Products of Mississippi will locate industrial component manufacturing operations and a paint line[…]

CN Rail has announced it will buy 350 centrebeam lumber cars to serve growing demand from lumber producing customers across its North American network. “We are investing to move the economy as we put the rolling stock, infrastructure and people in place to serve the growing needs of our valued customers,” said JJ Ruest, interim[…]

Renholmen has received an order for new green sorting line equipment for Hedlunds Timber in Furudal. The family-owned sawmill in northern Dalarna already owned a green sorting line from Renholmen, built in the late 1970s and now, after long and faithful service, to be replaced by a more modern successor. The delivery, which is almost[…]

BioCarbon Engineering (BCE), a UK company with the ambition to plant 500 billion trees by 2060 through the use of drones, has received a funding boost of US$2.5 million. The seed investment comes from SYSTEMIQ, a purpose-driven investment and advisory firm that aims to tackle economic system failures, and Parrot, the leading European drone group.[…]

Timber Queensland is calling for the development of a new timber industry plan in partnership with the Queensland Government to help guide and deliver on the opportunities for industry expansion over the next decade. This is a particular focus of discussions at the timber industry’s 2nd biennial ‘Doing Timber Business in Queensland: Room to Grow’[…]