Oriented strand board sales and a weaker Canadian dollar drove Norbord Inc. earnings to $61 million for the first quarter of 2016 versus $16 million in the first quarter of 2015. An OSB press will be moved from Alberta to Inverness, Scotland.
RV and wood component supplier Patrick Industries first quarter income rose 25 percent to $278.6 million. Sales were mostly driven by the recreational vehicle manufacturing customers, whose businesses are thriving on the recovered economy and low gas prices.
The Furniture Foundation, an education fund established by the American Home Furnishings Alliance, has awarded 2016 grants to Appalachian State University, Boone, North Carolina, and Catawba Valley Community College Alexander Furniture Academy, Taylorsville, North Carolina.
Fourteen composite panel facilities and one corporation as a whole were recognized for their safety achievements during the Composite Panel Association's annual spring meeting held last week in Tucson, Arizona.
Legend Lumber Lee Corp. will invest $3.5 million to renovate a shuttered hardwood lumber concentration yard in Boston, Kentucky. The investment will create at least 30 full-time positions to produce hardwood for export to Asia.