The lumber market’s historic volatility in 2018 seems to have found some stability at year end. Prices adjusted only slightly throughout the period. Strong fundamentals supported business activity but were tempered by adequate supply of product and transportation. In this column, I’ll look at what’s been affecting the market and will[Read More…]
Tag: lumber
Georgia-Pacific Completes Talladega Facility
Georgia‐Pacific celebrated the official start of production at its newest lumber facility in Talladega, Alabama, in January. The $100‐million, 300,000‐square‐foot, technologically advanced plant took nine months to complete. The plant currently employs more than 130 full-time employees and will generate an estimated $5 million in annual payroll. To celebrate the[Read More…]
Roseburg Makes Leadership Moves
Roseburg Forest Products reports that Jake Elston will join the company as senior vice president of operations on February 18, 2019. In addition, Mike Reardon was named director of industrial products manufacturing, effective January 1. Elston will be responsible for all Roseburg manufacturing operations, including both industrial and structural products.[Read More…]
Budden Appointed to UFPI Board of Directors
Universal Forest Products Inc. (UFPI) has appointed Joan Budden to its board of directors effective January 1. She is president of Grand Rapids, Michigan-based Priority Health. Budden joins the board with 30 years of healthcare experience. She joined Priority Health in 2009 as chief marketing officer and was named to[Read More…]
Changes to Södra’s Group Senior Management
Södra, a forest-owner association for wood products based in Sweden, reports that its current CFO, Anna Belfrage, has made a decision to resign on May 31. “Anna Belfrage has been a competent and ambitious person and during her tenure as CFO, she has developed and improved Södra’s accounting, IT and[Read More…]
New Board Member for Roseburg
Anurag Gupta, former CEO and C-suite executive and an advisor and consultant to private equity firms, has joined the board of directors at Roseburg Forest Products, the company reports. Gupta replaces David Johnson, who retired from the board after 13 years of dedicated service. “Throughout his career, Anurag has succeeded[Read More…]
Great Investment Time
The lumber market adjusted to supply-and-demand factors throughout the most recent two-month period. Strong fundamentals supported robust business activity but were not enough to stop a slide in many lumber prices. Some prices represented an opportunity for shed builders to buy at levels not seen in years. ECONOMIC BACKGROUND The[Read More…]
Georgia-Pacific Breaks Ground in Warrenton
Georgia-Pacific broke ground on a new $135 million softwood lumber production facility in Warrenton, Georgia, December 3. Local community members, government representatives, and Georgia‐Pacific employees were involved with the event. The new 340,000‐square foot facility will replace the current Warrenton plant, originally built in the early 1970s. This means that[Read More…]
Union Grove Lumber Initiates Transition of Ownership to the Next Generation
The board of directors for Union Grove Lumber Inc., a lumber supply company specifically focused on the shed industry headquartered in Harmony, North Carolina, says the company has taken important steps to ensure its continued footprint in the shed industry by initiating the transition of ownership to the next generation.[Read More…]
Forestry Group Nurseries are 100 percent Fossil-free
Södra, an international forest industry group, says its nurseries have now transitioned to fossil-free operations. Heating, machinery, and vehicles are all powered by renewable energy. “Persistent efforts and environmental investments of SEK 10 million have generated results,” says Johan Jonsson, head of Södra Skogsplantor. After several years of hard work,[Read More…]
