NEW YORK, GLOBE NEWSWIRE — Mercer International Inc. The Company has announced that it received approval from the applicable Bankruptcy Court for a sales Order approving the acquisition by its wholly-owned subsidiary of a state-of-the-art CLT manufacturing facility located at Spokane, Washington (the “Facility”) for a price of $50 million, subject to customary adjustments. The…

OTTAWA BUSINESS JOURNAL — There may be more than 100 companies of all sizes already deeply immersed in Renfrew County forestry, but the 160-year-old industry is far from saturated. There’s always room for a few more, says Alastair Baird, the manager of economic development services for the County of Renfrew. Although it’s too early to…

VANCOUVER, THE PROVINCE OF BC – Building on the success of the first intake of the Mass Timber Demonstration Program, the B.C. government is investing an additional $2 million to open a second intake. The funding will support the advancement of mass timber projects that will help drive economic recovery and change the face of…

MADISON’S REPORT — The latest lumber production and sawmill capacity utilization rates data out of the Western Wood Products Association, for March 2021, shows improvements in both Canada and the US. As supply chain issues are resolved and more wood is moving through the pipeline, customers wonder if there are lower prices ahead. For their…

By Cheryl Mah THE REMI NETWORK, (Real Estate Management Network) —  North America is experiencing a resurgence in the use of wood in construction with a particular interest in building taller with mass timber. “Obviously there’s a mass timber wave – some might even call it a tsunami – that’s rolling across not just North…

MADISON’S REPORT — Unrelenting and extremely motivated demand is the reason behind this incredibly sharp rise. New-home purchases account for about 10% of the market and are calculated when contracts are signed. They are considered a timely barometer of the current real estate market. Softwood lumber prices continued to skyrocket, to US$1,210 mfbm on benchmark…

  CISION NEWSWIRE — Be one of the first to hear about Google’s new 180,000 square foot mass timber pilot project at the virtual 2021 International Mass Timber Conference. Google will unveil the project for the first time, Tuesday, March 30 at 8:15 AM Pacific Time. The virtual presentation of the project will be hosted…

FOREST2MARKET — Prices for North American softwood lumber continue to move ever higher as we cross the midway point of 1Q2021. Southern yellow pine (SYP) lumber prices set new records last month before temporarily dropping for three consecutive weeks. We’re now seeing a two-week rally take shape that has driven Forest2Market’s composite SYP lumber price to…

BNN BLOOMBERG — The relentless rise in lumber prices shows no signs of abating as the pandemic keeps people at home, spurring a home-renovation boom. Lumber futures climbed to a record US$1,004.90 per 1,000 board feet Thursday, rising for the eighth session in nine. Prices have climbed about 40 percent this year, fueling concerns for…

COCHRANE, ONTARIO, TIMMINSPRESS.COM – On February 8, 2021, Rockshield Engineered Wood Products ULC announced that it had commenced restructuring proceedings to restructure its business and financial affairs. Rockshield operates a premium hardwood core plywood manufacturing mill in Cochrane, Ontario. The mill is located in the heart of Northern Ontario’s renewable hardwood forest. Rockshield acquired the…