At the groundbreaking ceremony on July 17, Rex Lumber Co. announced it will bring about 110 jobs to Pike County in Alabama when it begins operations at a new sawmill in June of 2019. News reports say the company is investing $110 million in the facility located near Troy. The state-of-the-art sawmill is expected to produce a minimum of 240 …
Caddo River Forest Products And Suwannee Lumber Co. Acquired
Recently it was announced that Conifex Timber Inc., a publicly-traded lumber and forestry company based in British Columbia, has acquired Caddo River Forest Products and Suwannee Lumber Co. The announcement was made by a private equity firm based in New York, Blue Wolf Capital Partners. According to news reports, the deal is valued at more than $250 million and includes …
Woodworkers – Weyerhaeuser Employees Vote In Favor Of Union Strike
On Thursday June 28th, Oregon and Washington Weyerhaeuser Co. employees voted, paving the path forward for bringing work to a halt if negotiators in a union strike continue to disagree on the terms of a new labor contract, according to news reports. Approximately 1,200 workers voted, with more than 90% in favor of strike authority according to International Aerospace and …
Engineered Wood And Why This Market Continues To Grow
Engineered wood has grown in popularity and demand in recent years, becoming the “go-to” material for builders, architects, building designers and others who are well aware of all of the advantages of this composite wood. In fact, the global engineered wood market is anticipated to grow to more than $41 billion by 2022. Why is engineered wood in such high …
Engineered Wood Products Exempt From EPA Formaldehyde Regulations
As of June 1, 2018, new EPA regulations regarding the emission of formaldehyde in certain wood products went into effect. While composite wood products including MDF (medium density fiberboard), decorative hardwood plywood and particleboard are some of the products that must meet the new regulations, structural engineered wood products are exempt according to reports. An order was issued addressing litigation …