Rubber and Wood
The fire also blew a transformer on a nearby power line. Utility crews temporarily cut power to a large portion of the Kamas Valley to make the repairs.
The new partnership has established the Mississippi Lumber Manufacturers Association Endowed Professorship in Innovative Wood Construction and Design at MSU.
Canadian softwood lumber exports have declined due to years of U.S. duties and other challenges including wildfires, land use regulation and insect infestation.
The Q3 2024 lumber production totalled approximately 31.5 million board feet, at an operating rate of nearly 53% of annualized capacity.
GreenFirst will discuss its updated capital expenditure plan in greater detail during its third-quarter earnings call.
Demand and prices for Cedar timber and premium appearance products are expected to remain stable as buyers begin to build inventories for the spring season.
In the foreseeable future, Interfor anticipates that the lumber markets in North America will continue to be unstable.
Over the first seven months of this year, Canada's lumber production increased by 4.4% year over year.
North America lost 4% of sawmill capacity through closures this year — with more than 40% of that in British Columbia, according to Dustin Jalbert, senior economist at Fastmarkets.
McGregor said Japan has an estimated 5 billion cubic metres of timber reserve available.
The company reports an operating loss of $209 million, including an asset write-down and impairment charge totalling $211 million within its pulp segment.
Domtar will continue to serve pulp, paper, packaging, tissue, and wood products markets, leveraging its expanded capabilities to offer enhanced products and services to clients worldwide.
Adjusted per-share earnings were 5 cents.
West Fraser’s sales for the third quarter were US$1.437 billion, down from US$1.7 billion in the second quarter of 2024.