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Woodworking Industry News

Online platform for hardwood sales launches

Lumber Marketplace (LM), a platform for buying and selling wholesale hardwood lumber, has launched its online marketplace that the company said was designed to modernize the traditional lumber trade. With an extensive inventory and advanced functionalities, LM is set to be the largest source of hardwood lumber in North America.

Architectural Products

Timberlab acquires American Laminators accelerating mass timber construction

PORTLAND, Ore. —Timberlab Holdings Inc., owner of Timberlab Inc., a national provider of mass timber systems, and Diversified Wood Resources, LLC, doing business as American Laminators, an Oregon-based glue-laminated timber (glulam) manufacturer, have entered into an agreement for Timberlab to acquire the assets of American Laminators and will continue operating their two Oregon-based facilities in Drain and Swisshome beginning June 10, 2024.

Woodworking Industry News

ISM: Economic improvement to continue through 2024

Manufacturing is expected to expand in 2024 at a slower pace than projected in December 2023; revenue is to increase 2.1%; capital expenditures to increase 1%; capacity utilization at 82.8%; services are expected to expand in 2024 at a slightly slower pace than projected in December 2023; revenue to increase 2.9%; capital expenditures to increase 1.4%; capacity utilization at 88.6%.

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