New orders in June 2015 increased 10 percent over July 2014 orders and were down from May 2015, according to the latest survey of manufacturers and distributors by High Point accounting and consulting firm Smith Leonard. In June 2014, Smith Leonard noted that there was a 5 percent increase in new orders over the previous year.
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.