British Columbia-based Interfor, one of North America's largest lumber producers, has bought WestRock's South Carolina sawmill for $59 million in cash.
Lumber prices are continuing to rise across North America, and supply is continuing to shrink.
Canadian lumber giant Interfor will lay off 130 of the 150 workers that work at its Gilchrist sawmill in Oregon.
Canadian lumber giants Interfor, West Fraser, Canfor, and Western Forest have announced major output curtailments due the outbreak of the coronavirus (COVID-19).
Canadian lumber giants Interfor and West Fraser have announced major output curtailments and other disruptions due the outbreak of the coronavirus (COVID-19).
British Columbia lumber giant Interfor will permanently shut down its Hammond sawmill, displacing more than 100 employees.
VANCOUVER, BC, Canada — Citing long-term log supply constraints, Canfor Corp. announced June 3 it would permanently close its Vavenby sawmill. The closure will become effective in July, following an orderly wind down, the company said. The news comes a little more than a month after Canfor announced a temporary shutdown of its British Columbia sawmills, Local news sources report more than 170 people will be affected by the Vavenby closure.
Interfor (TSX:IFP) says it completed the sale of its former sawmill in Tacoma, for US$32.4 million.
By Bill Esler
Interfor will resume operations at its Georgetown, SC, sawmill that had been shuttered two months due to extensive flooding. The Georgetown mill is one of nine sawmills in the southern United States owned by the lumber conglomerate.