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Latest Industry News In North America

US timber giant agrees to acquire UK timber agency
18 February, 2019
US-based International Forest Products LLC (IFP) has announced an agreement to acquire Price and Pierce Forest Products Ltd, one of the oldest timber agencies in the UK.
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Schattdecor acquires US Coating Company
Monday, January 14, 2019 Wood based panels surfacing giant The Schattdecor Group has finalised the purchase of US Coating Company, of South Carolina.
ICC code changes to allow CLT construction up to 18 storeys
Friday, January 04, 2019 The International Code Council (ICC) has approved an entire package of 14 tall mass timber code change proposals which will see some CLT buildings allowed up to 18 storeys.
Formica Group to be sold to Broadview
Tuesday, December 18, 2018 Formica Group is to be sold by its New Zealand owners Fletcher Building Ltd to Broadview Holding BV (‘Broadview’) for US$840m.
Softwood exports grow, says latest report
Monday, October 08, 2018 Exports of softwood lumber from Russia, Germany and the Nordic countries have increased due to high demand for wood in Asia and Europe in early 2018, while Canadian exports fell to the lowest levels in five years, reports the Wood Resource Quarterly (WRQ).
US softwood lumber consumption on track for record highs
Monday, June 11, 2018 US consumption of softwood lumber is likely to reach record-highs by 2030, resulting in export opportunities for sawmills in Europe and Latin America, according to a new study from ForestEdge and Wood Resources International.
Declining wood products trade between China and the USA
Friday, June 08, 2018 The value of the wood products trade between China and the US fell 16% in March 2018, according to the International Tropical Timber Organisation’s latest market report.
Automated roof truss production first
Monday, May 21, 2018 Finnish robotic automation and software technology company Trussmatic has developed the first fully automated wood roof truss production line in the world.
Panels giant Arauco to acquire Masisa Mexico assets
Thursday, December 21, 2017 South America based wood-based panel giant Arauco is to buy Masisa’s Mexican mills in a US$245m deal.
Final decision on US-Canada softwood lumber dispute favours US
Friday, December 08, 2017 A final ruling in the US-Canada softwood lumber dispute has seen the United States International Trade Commission (USITC) uphold tariffs on Canadian softwood imports to the US.
Norbord’s UK and German markets still “strong”
Monday, July 31, 2017 Panel maker Norbord’s European operations delivered second quarter adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of US$9m (€7.7m) versus US$11m (€9.4m) in the same quarter last year and $6m (€5.1m) in the prior quarter.
US predicted to import more wood from Europe
Thursday, May 04, 2017 Increased European lumber exports to the US are being widely predicted this year due to a combination of soaring US lumber prices and Canadian lumber exports being hit with new import tariffs on the American border, says Wood Resource Quarterly (WRQ).
Canada says American lumber duties will hit Canadian timber jobs and US consumers
Tuesday, May 02, 2017 Canada has criticised the US government’s decision to impose countervailing duties of up to 24% on Canadian softwood lumber entering the US.
EU plywood imports rise to near record level
Tuesday, April 18, 2017 EU imports of plywood increased by 8% to 4.13 million m3 in 2016, the second highest level ever recorded, according to the International Tropical Timber Organisation’s latest market report.
US lumber markets price volatility
Wednesday, February 22, 2017 US lumber markets are seeing some major price volatility, according to market research company International Wood Markets Group Inc.
Norbord boosts earnings in 2016
Friday, February 03, 2017 Panel production giant Norbord has reported 2016 adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of $383m – a more than threefold increase over 2015.
Report details global softwood lumber price growth
Friday, October 07, 2016 The upward trend of global softwood lumber prices is charted in the latest market update from Wood Resource Quarterly.
SCA partnership improves timber package quality for US DIY retailing giant
Tuesday, September 06, 2016 SCA Timber has partnered with engineering company Nyland Design to provide timber packages to US home improvement retailer Home Depot which are wrapped on all six sides.
Norbord positive on business prospects in spite of Brexit
Tuesday, July 26, 2016 Wood-based panels producer Norbord says business fundamentals remain positive in spite of uncertainty caused by the UK’s Brexit vote.
Boise Cascade reports Q1 net income of US$5m
Wednesday, June 08, 2016 Boise Cascade, one of the largest producers of plywood and engineered wood products in North America has reported net income of US$5m on sales of US$880.7m for the first quarter.

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