Whiskey distiller Brown-Forman said the rising cost of oak for its whiskey barrels has cut into profits. With one of the most advanced barrel making plants in the world, the company is still running into a shortage of oak barrels as Jack Daniel's bourbon production rises.
Astec Industries Inc. said it has entered into an agreement to build, deliver and install the first production line of a new turnkey wood pellet production facility for Highland Pellets LLC. Astec (Nasdaq: ASTE) said the initial $30 million order could total $143 million if additional equipment and services are ordered.
In a move which will double its capacity, RedBuilt LLC is adding a laminated veneer lumber line at its Stayton, OR, facility, one of four manufacturing plants by the Boise, ID-based company. RedBuilt manufactures engineered structural wood products for commercial and multi-family applications.
Wood industry representatives joined students for the launching of Peyton Colorado School District's first semester of Woods Manufacturing classes. Targeted to high school students, the charter program offers entry level through advanced cabinet manufacturing.
Canada's Unifor union says it filed complaints against Gingrich Woodcraft, alleging the Devlin, Ontario wood components manufacturer is engaging in a lock out to keep its workers from forming a union. Leon Gingrich closed his firm August 17 following an August 12 voted by 69 percent of the company's 25 employees that resulted voting to unionize. A hearing is scheduled for Monday, August 24.
Lumber Liquidators could win as the California Air Resources Board changes its laminating panel formaldehyde testing recommendations, says an analyst at Seeking Alpha. Also watching what's happening to lumber futures pricing as China's building market and its leaders try to avoid having the economy shift into reverse. And what about Gingrich Woodcraft's decision to fire everyone and close down after workers voted to unionize?
TACOMA, WA - Composite panel manufacturer KML Designer Finishes announced Molly Fiebiger has joined the company. A graduate of UC Davis with a degree in Architecture/Design, Fiebiger loves design in its many facets, but finds she's most interested in interior architecture, “whether it’s residential, commercial, or industrial, relishing everything from floor plans to cabinetry, furniture, lighting, and more."