CISION PR Newswire, NEWS PROVIDED BY Georgia-Pacific Sep 29, 2021, 16:24 ET, PINELAND, Texas, Sept. 29, 2021 /PRNewswire/ — Georgia-Pacific announced today that it is modernizing one of its premier sawmills in Texas. Pineland Lumber Complex, located in Pineland, Texas, will undergo $120 million in additions and improvements in an overall modernization effort that will […]

CISION PR Newswire, NEWS PROVIDED BY Manulife Investment Management Sep 02, 2021, 07:21 ET, BOSTON, Sept. 2, 2021 /PRNewswire/ – Hancock Natural Resource Group (HNRG), a company of Manulife Investment Management, announced today the closing of a transaction on behalf of its client, AP3, with TexMark Timber Treasury L.P. (Triple T), a joint venture managed […]

The Baton Rouge (LA) Advocate, BY KRISTEN MOSBRUCKER | STAFF WRITER, SEP 2, 2021 – 10:55 AM, Power outages alongside mangled trees, ruined crops and damaged grain elevators were early indications of Hurricane Ida’s impact on Louisiana’s agriculture industry. The Louisiana Department of Agriculture and Forestry did a flyover Thursday across parishes hard hit by […]

Arkansas Democrat Gazette, by Bloomberg | August 29, 2021 at 1:59 a.m., Plunging lumber prices may have sent shares of producers tumbling in recent weeks, but analysts and traders say that if history is any guide, stocks are set for a rebound as the homebuilding season picks up into year-end. Over the past 20 years, […]

The Georgia Straight, The forest company says the purchase accounted for 8.7 percent of all shares when it announced its substantial issuer bid in early July by Charlie Smith on August 20th, 2021 at 8:19 AM, One of the bigbest business stories of 2021 has been the rapid run-up in lumber prices. They peaked at […]

New York Times, By Matt Phillips Published June 21, 2021 Updated June 28, 2021 From sawmills to store shelves to your own hammer swings, lumber can tell you a lot about what’s going on in the economy right now. Lumber prices soared over the past year, frustrating would-be pandemic do-it-yourselfers, jacking up the costs of […]

The Atlanta Journal-Constitution By Avery Newmark, Access Atlanta June 16, 2021 After a year that saw record-high lumber prices and shortages nationwide, the price for lumber finally began to drop last week. Lumber prices soar, but Georgia tree farmers not seeing the profits. Lumber futures posted their biggest drop Tuesday at $1,009.90 per thousand board […]

Bloomberg, By Marcy Nicholson June 10, 2021 at 5:24 PM CDT Resolute Forest Products Inc. is spending $50 million to grow its lumber production after a U.S. housing boom sent demand soaring and lifted prices to record highs. The company is expanding capacity at sawmills in Ontario and Florida, it said in a statement Thursday. […]

Bloomberg, By Marcy Nicholson June 8, 2021 at 12:43 PM Follow the authors @Marcy_Nicholson The home-building and renovation boom could keep wood demand strong for the next decade, the biggest U.S. lumber producer said Tuesday. In anticipation, Weyerhaeuser Co. is eyeing forests and sawmills so it can expand output of boards and planks, Chief Executive […]

The Baton Rouge Advocate, BY KRISTEN MOSBRUCKER | STAFF WRITER JUN 8, 2021 – 9:31 AM Canadian lumber business Canfor Corp. plans to build a $160 million lumber mill in Beauregard Parish. Canfor, a publicly traded business in British Columbia, already has lumber mills across the Southeast but this would be its first investment in […]

Bloomberg, ByMarcy Nicholson and Daniela Sirtori-Cortina, May 6, 2021 at 4:40 PM CDT, North American lumber companies plan to ramp up production by expanding existing mills as strong home construction fuels the need for more wood. West Fraser Timber Co., the world’s biggest lumber producer, plans to expand capacity at five of its lumber mills […]

Cision PR Newswire, NEWS PROVIDED BY Weyerhaeuser Company Apr 30, 2021, 03:10 ET SEATTLE, April 30, 2021 /PRNewswire/ — Weyerhaeuser Company (NYSE: WY) today announced the completion of its acquisition of 69,200 acres of high-quality Alabama timberlands from Soterra, a subsidiary of Greif, Inc., for approximately $149 million earlier this week. Separately, the company announced […]