Softwood lumber consumption likely to reach record highs in U.S.Saturday, May 26, 2018
Washington, D. C. –
U.S. consumption of softwood lumber is likely to reach record-highs by 2030 according to a new study from ForestEdge and Wood Resources International.
The study forecasts that U.S. softwood lumber demand will grow at an annual rate of 2.3 percent through 2030, which will be higher than the report's projection of real GDP. The study sugges... Read more
Saint-Gobain Acquires Italian Glass Systems CompanyFriday, May 25, 2018
Florence, Italy –
Saint-Gobain acquired Logli Massimo, an Italian company that specializes in glass systems and accessories for the fixing and assembly of glass panels, in particular for railings, shower doors, partition walls, and interior and exterior doors.
Founded in 1989, the company currently employs nearly 60 people. It is developing its position in F... Read more
Leuco expands U.S. cutting tool operationThursday, May 24, 2018
Villa Rica, GA –
Leuco Tool Corp. has broken ground on the expansion of its administration and production building in Villa Rica, Georgia.
The tooling manufacturer said years of continuous growth resulted in the company reaching its limit in terms of available space. The modern, expanded building will house a showroom, training center, office and produ... Read more
Charles Ingram Lumber expands South Carolina sawmillTuesday, May 22, 2018
Effingham, SC –
Charles Ingram Lumber Co., a family-owned sawmill, is expanding its existing operations in Effingham. With $33 million of capital investment, the company is expected to create 22 new jobs, according to areadevelopment.com.
Charles Ingram Lumber owns timberland where trees are grown for pulpwood and saw timber. The company also operates a lumb... Read more
Nearly 18,000 attend Xylexpo 2018Monday, May 21, 2018
Milan, Italy -
.Lumber giant Anderson-Tully sold, 158 employees lose jobsSunday, May 20, 2018
Vicksburg, MS –
After 129 years in business, Mississippi-based lumber operation Anderson-Tully has been sold to an unnamed company. 158 employees will lose their jobs.
Anderson-Tully, who manages over 300,000 acres of hardwoods timberlands throughout Mississippi, Arkansas, and Louisiana, agreed to sell its sawmill assets, which includes “substantially ... Read more
Ontario invests $3.2 million in Columbia Forest ProductsFriday, May 18, 2018
Ottawa, ON –
Ontario is investing nearly $3.2 million in Columbia Forest Products' plywood mill in Hearst, Ontario and its hardwood veneer plant in Rutherglen, Ontario.
Over five years, the money will support Columbia's infrastructure project, enabling it to create and maintain nearly 350 jobs and support economic growth in the area. Columbia will modernize ... Read more
Andersen acquires Heritage Windows and DoorsWednesday, May 16, 2018
Bayport, MN –
Andersen Corp. has announced the acquisition of Heritage Windows and Doors, a manufacturer of custom, high-quality aluminum windows and doors in Gilbert, Arizona. Heritage specializes the luxury residential and commercial market creating high performance aluminum windows and doors designed to be resistant to the desert’s natural forces.
&... Read more
Abandoned Washington sawmill to reopen with state helpMonday, May 14, 2018
Rayhmond, WA –
An abandoned hardwood lumber mill in Washington will reopen after receiving a large investment.
Washington's Department of Natural Resource (DNR) and state legislature will invest $1.5 million to get the mill, owned by the Port of Willapa Harbor, back up and running. The money will go toward a new log system that makes use of small diameter al... Read more
Universal Forest Products sees record earnings gain following acquisition of idXSaturday, May 12, 2018
Grand Rapids, MI –
Universal Forest Products, Inc. (Nasdaq:UFPI) announced record net earnings and net sales for the fourth quarter and full year 2017, even though the latest quarter and year that had one less operational week compared to 2016. (In 2016, that extra week accounted for over $60 million in net sales and over $2 million in operating profit.)
... Read more