Sawmill
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January 6, 2025
Conifex expands loan for sawmill operations, sees rising lumber prices
Conifex Timber Inc. has updated its credit agreement with PenderFund Capital Management, increasing its secured term loan to $41 million, which will help support a transition to a two-shift operation at their sawmill. This move is in response to rising lumber prices and is expected to improve cash flow by spreading fixed costs and boosting sales. PenderFund will receive warrants and a board appointment in exchange for its financial support. The loan continues to have a term of 5 years from original issuance and is substantially on the same terms, including the same annual interest rate. The loan was advanced in lieu of Conifex’s consideration of a working capital facility to fund ongoing working capital requirements. In a statement accompanying the announcement, Conifex Chairman and CEO Ken Shields said: “The additional borrowings will be used to fund a build-up in sawlog... Continue reading
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March 13, 2024
European sawmill industry requests ban on Japanese imports of Russian wood products
The European Organization of the Sawmill Industry (EOS) and the European Confederation of Woodworking Industries (CEI-Bois) are requesting a potential ban on Japanese imports of Russian wood products, including lumber and glue laminated timber.... Continue reading
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March 13, 2024
European sawmill industry requests ban on Japanese imports of Russian wood products
The European Organization of the Sawmill Industry (EOS) and the European Confederation of Woodworking Industries (CEI-Bois) are requesting a potential ban on Japanese imports of Russian wood products, including lumber and glue laminated timber.... Continue reading
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December 13, 2023
Global sawmill production falls sharply; turnaround expected in U.S. in 2024
Sawmills in many parts of the world have already reduced production and the trend continues. Central Europe and Canada have decreased the most. In Canada, according to our assessments, sawmill production has been reduced by roughly 20% or roughly 15 million m3 in the last five years.... Continue reading
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April 23, 2024
HS Timber Group officially starts operations at Acon Timber sawmill in Argentina
On April 19, Acon Timber, HS Timber Group’s sawmill in Gobernador Virasoro, in the Argentinian province of Corrientes, was officially put into operation with a ceremony on the factory premises.... Continue reading
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October 9, 2023
Raw materials scarcity impacting global sawmill production
The challenges associated with securing raw materials have expanded globally, affecting sawmill operations across the world.... Continue reading
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December 13, 2023
Global sawmill production falls sharply; turnaround expected in U.S. in 2024
Sawmills in many parts of the world have already reduced production and the trend continues. Central Europe and Canada have decreased the most. In Canada, according to our assessments, sawmill production has been reduced by roughly 20% or roughly 15 million m3 in the last five years.... Continue reading
