Search for: weyerhaeuser
October 1, 2024
2Q earnings decline: A closer look at North America’s lumber industry challenges
Recent earnings reports from major North American forestry companies reveal significant challenges... Continue reading
August 1, 2024
Weyerhaeuser reports strong performance in its Wood Products division
Weyerhaeuser's Wood Products division has reported a strong performance for the second quarter of... Continue reading
July 22, 2024
Weyerhaeuser to indefinitely close Vanceboro sawmill
Weyerhaeuser will close its sawmill in Vanceboro this September, leading to the loss of 73 jobs,... Continue reading
July 18, 2024
The November US election could determine lumber demand and prices
The November 2024 U.S. presidential election could impact the Federal Reserve's approach to... Continue reading
July 2, 2024
Lumber prices are not rising, despite sawmills cutting production
Low lumber prices are forcing sawmills to cut production on both sides of the Atlantic. In Europe,... Continue reading
April 30, 2024
Weyerhaeuser expects higher sales for lumber for Q2/2024
Weyerhaeuser reported first quarter net earnings of $114 million, or 16 cents per diluted share,... Continue reading
April 23, 2024
N. American sawmill capacity dragged down by low demand, closures and shift reductions
In 2023, North America's net sawmill capacity decreased by 2%, triggered by diminishing lumber... Continue reading
February 21, 2024
Top 10 North American softwood lumber producers in 2023
After peaking the past three years, softwood lumber prices finally returned to break-even levels in... Continue reading
January 29, 2024
Weyerhaeuser expects weak wood products sales for Q1/2024
U.S. timber giant Weyerhaeuser posted a lower adjusted profit on Thursday, hit by weakness in its... Continue reading
December 28, 2023
Current trends in the US wood-based panel industry
High interest rates have been a factor weighing on the US housing market, a key sector for the... Continue reading
December 5, 2023
Weyerhaeuser to invest $96.2 million to modernize and decarbonize Louisiana sawmill
Weyerhaeuser has announced it will invest $96.2 million to modernize and decarbonize its sawmill in... Continue reading
July 3, 2023
North American lumber producers are booming again
Home construction boom suggests builders are going to need a lot more wood. Their stocks... Continue reading
April 17, 2023
West Fraser’s U.S. lumber production above its Canadian output
In 2022, U.S. lumber production by West Fraser topped Canadian production, and 2023 appears to show... Continue reading
February 2, 2023
The global plywood market expected to rise sharply by 2027
The global plywood market in the next five years will increase to $73.3 billion from $54.2 billion... Continue reading
January 29, 2023
Weyerhaeuser expects higher lumber sales in Q1/2023
Weyerhaeuser Company reported fourth quarter net earnings of $11 million on net sales of $1.8... Continue reading
November 28, 2022
Top 15 biggest lumber producing companies in the world
GWMI picked the top 15 companies across the globe based on their softwood lumber production figures... Continue reading
October 25, 2022
North American sawmills to cut production in bid to lift lumber prices
A string of sawmill curtailments has buoyed lumber prices amid a flood of dismal housing... Continue reading
September 15, 2022
US timber industry claims that Canadian softwood producers receive climate subsidies
A group led by the US Lumber Coalition has unleashed a new stage in a long-running trade dispute,... Continue reading
September 14, 2022
Weyerhaeuser reports work stoppage in Oregon and Washington due to strikes
According to an announcement by Weyerhaeuser on Tuesday, a work stoppage by employees is affecting... Continue reading
June 14, 2022
Top global softwood lumber producers
In 2021, the 25 biggest softwood sawmills in the world produced more than 85 million m³ of... Continue reading
April 18, 2022
Weyerhaeuser to acquire Carolina Timberlands for US$ 265 million
Weyerhaeuser Co. has agreed to purchase 80,800 acres of high-quality timberlands from a fund... Continue reading
December 15, 2021
Chinese demand for softwood logs very low due to market uncertainty
The current enthusiasm of Chinese domestic timber businessmen to stock up at the end of the... Continue reading
December 7, 2021
Top global lumber producing companies: large acquisitions and expansions continue
With lumber companies being flush with cash from record prices in 2020 and 2021, there... Continue reading
November 24, 2021
Interfor to buy lumber producer Eacom Timber for $490-million
Interfor Corp. will become the only lumber company with operations in all four producing... Continue reading
November 22, 2021
Q3 profits collapse for North American lumber giants
The combined net profits of the five largest publicly traded North American lumber... Continue reading
November 9, 2021
Weyerhaeuser’s CEO is betting on a strong housing market for years
Weyerhaeuser CEO Devin Stockfish told the US media that the lumber company believes the U.S.... Continue reading
September 27, 2021
Lumber demand in US strengthens as price volatility continues
Lumber demand in the United States looks to strengthen as price volatility gives way to a... Continue reading
August 19, 2021
Canadian lumber giants to lose huge profit gains as demand recedes
North American lumber producers are expected to see a dip in current-quarter profit after... Continue reading
July 29, 2021
North American lumber giants expect record profits for the second quarter
North American lumber producers are expected to post another quarter of record profits this... Continue reading
June 30, 2021
Home repair and remodeling projects will continue to keep lumber prices elevated, says Weyerhaeuser’s CEO
Weyerhaeuser CEO Devin Stockfish said home-improvement projects are a key driver of lumber... Continue reading
June 30, 2021
Home repair and remodeling projects will continue to keep lumber prices elevated, says Weyerhaeuser's CEO
Weyerhaeuser CEO Devin Stockfish said home-improvement projects are a key driver of lumber... Continue reading
June 21, 2021
US lumber prices expected to drop to $600 per thousand board feet in the next six months
The price of US lumber futures has pulled back from May's peak, falling roughly 43% as of... Continue reading
June 10, 2021
Wood demand could stay strong for the next decade, says US biggest lumber producer
The home-building and renovation boom could keep wood demand strong for the next decade, the... Continue reading
May 18, 2021
Despite lumber boom, few new sawmills coming in North America
North America’s sawmills can’t keep up with demand, which has sent wood prices on a... Continue reading
May 18, 2021
North American lumber price hike eases
North American umber prices fell for the fifth consecutive day on Friday, May 14. After... Continue reading
May 17, 2021
Weyerhaeuser to invest $157 million in sawmill upgrade
Weyerhaeuser will invest $157 million in a multi-year, two-phase project to upgrade equipment... Continue reading
April 28, 2021
Impact of Covid-19 on top Canadian lumber producers
COVID-19 delivered a year like no other in 2020, and the high demand for lumber is continuing... Continue reading