Oct. 25, 2016 - Hultdins is now offering an expanded range of XR Rotators with a new XR400 model in addition to the larger XR500 and XR600 models.
Oct. 24, 2016 - Once upon a time, contractors in the BC Interior were the envy of Canadian loggers. Big wood, modern mills, large volumes, and conditions that lent themselves to efficient mechanization meant that a good contractor could expect to do relatively well here.
Oct. 21, 2016 - Multiple reports show the B.C. government often fails to hold logging companies to account despite clear violations.
Oct. 19, 2016 - A overview of the current mulching equipment on the market.
Oct. 18, 2016 - More than anywhere else in Canada, contractors on the BC Coast are concerned about a recent souring of relations with the industry they supply. That, and stagnant rates and declining profitability are reasons why succession planning may be a bigger challenge here.
Oct. 18, 2016 - John Deere has introduced the 2154G/2156G and 2654G/2656G Forestry Swing Machines. Designed to increase operator efficiency and performance, the G-Series machines can maneuver through the toughest of jobs, from loading to processing big wood. Much like the large frame machines, the 2156G and 2656G Log Loaders are distinguished by the 56 model number, while the Forestry Excavators retain the 54 model number. All four models are equipped with a powerful PowerTech Plus 6.8L engine. On the 2154G and 2156G models, the new engine reduces fuel usage by 5 to 8 per cent.
Oct. 18, 2016 - Resources created by a working group which consisted of fallers, engineers, road builders and contract managers can help fallers and others who work below avoid the hazards from excessive roadside debris on steep ground.
October 17, 2016 - Morbark welcomed about 250 customers, members of its authorized dealer network, and other guests from around the world for its 10th Demo Days event on October 13 and 14 in Winn, Mich.Morbark’s Demo Days offered attendees a tour of Morbark's 1.1 million sq. ft. facility in Winn, Michigan, which included the company's 800,000 sq. ft. of manufacturing space, 240,000 sq. ft. of parts manufacturing and warehousing, and 60,000 sq. ft. of office space. The event also offered networking opportunities, vendor booths, and a chance to see the equipment in action, as well as a chance to try out Morbark’s Boxer line of compact utility loaders.The event featured live demonstrations of equipment for the forestry, biomass, recycling and tree care markets, inclulding:HT1042 Slow-Speed Shredder – shown at Morbark’s electric test panel CAT C15, Tier 4F, 540-hp engine 41” x 118” high-torque motor capable of 2.2 million inch pounds of torque Adjustable anvil door, which allows for five different positions for various end product needs Dual discharge conveyor with 15’ stacking height Changeable counter knife modules and available grate system Strickland undercarriage with triple grouser pads Machine equipped with: 30-hammer pattern Cutter inserts Magnetic pulley Standard counter knives 3200 Electric Wood Hog Horizontal Grinder – shown at Morbark’s electric test panel One 400-hp electric motor and one 100-hp electric motor Externally adjustable breakaway torque limiter Live floor with four strands of WDH-110 chain in staggered configuration Variable speed infeed system consists of a 30” diameter top compression feed roll with internal drive and replaceable scraper for feed wheel teeth 36” wide stacking conveyor with hydraulic fold for transport Machine equipped with: 30-hammer pattern 3” hex grates Alpha inserts 3200 Track Wood Hog Horizontal Grinder CAT C18, Tier II, 765-hp engine Externally adjustable breakaway torque limiter Live floor with four strands of WDH-110 chain in staggered configuration Variable speed infeed system with 30” diameter top compression feed roll with internal drive/replaceable scraper for feed wheel teeth Strickland undercarriage with double grouser pads Machine equipped with: 18-hammer/raker pattern Wearwolf inserts 3” hex screens 223 Flail CAT C9.3, Tier4F, 350-hp engine Morbark Integrated Control System Closed-loop hydraulic flail drive with separate hydraulic systems to operate each flail drum Three feed rolls: one top feed wheel mount in a pivoting yoke and two bottom feed wheels Machine equipped with: Two horizontal segmented flail drums with 8-link oblong flail chain 23NCL Chiparvestor CAT C18, Tier II, 765-hp Flex engine Twin Disc side-load bearing clutch and auto-reversing fan system Morbark Integrated Control System 75” chipper disc Hydraulic swivel and telescoping chip discharge spout with transition constructed of wear form steel and discharge spout controlled from ground Machine equipped with: 3-knife chipper disc 3/4” chip size Remote control back-up system 30/36 NCL Whole Tree Drum Chipper CAT C15, Tier 4i, 540-hp engine with Twin Disc 318 side-load spread bearing clutch Morbark Integrated Control System Remote control with tethered back-up system External adjustable anvil Sloped infeed system consisting of one 30” diameter top compression feed roll with internal drive and a 30” wide x 11’6” live floor equipped with two strands of WDH-120 chain Machine equipped with: Advantage 3 Drum 6-knife - 3/4” fuel chip 40/36 NCL Whole Tree MicroChipper CAT C18, Tier 4i, 755-hp engine with Twin Disc 318 side-load spread bearing clutch Remote control with tethered back-up system Slide in material sizing grate Morbark Integrated Control System Sloped infeed system consisting of one 30” diameter top compression feed roll with internal drive and a 40” wide x 12’6” live floor equipped with three strands of WDH-120 chain in staggered configuration Machine equipped with: Advantage 3 Drum with 16-knife, 3/8” fuel chip 3 x 3 forestry grate Chip accelerator Beever M12R Chipper Mitsubishi 2.4L, 75-hp gas engine 60” wide x 31” high chute opening and 15” wide x 12” high throat opening for easy feeding of branchy material and reduced labour 21 3/8” diameter x 14 1/2” wide staggered-knife-pocket drum with two dual-edged chipper knives and dual-sided chambered air impeller system Hydra-Lift dual feed wheel compression system with spring-assisted down pressure for more than 3,300 lb.-ft. of combined material pulling force Beever M18R Chipper Perkins 1204E, Tier 4F, 147-hp engine 23 1/2” wide x 37 3/8” diameter, four-pocket drum with dual-sided, chambered air impeller system and controllable air flow vents Reversing auto feed system The 65” wide x 38” high indeed chute with 31” wide x 20 1/2” high throat opening for easy feeding of a variety of materials TorqMax dual feed wheel compression system with more than 7,500 lb.-ft of material pulling force Winch package: heavy-duty, 5,000 lb. pulling capacity with rope and 10’ chafe guard Beever M20R Chipper with loader Cummins QSL9, Tier 4F, 380-hp engine Mod-Lift Model 150M hydraulic knuckleboom loader with 14’ extended reach and 2,680 lb. capacity at 10’ reach Model 649, 360-degree continuous rotation by-pass grapple with 6” closed tine diameter, 49” tine opening and 3” welded cylinder Morbark’s exclusive operator’s seat and platform with 270-degree view Winch package: heavy-duty, 5,000 lb. pull capacity with rope and 10’ chafe guard 37 3/8” diameter x 29 1/8” wide, six-knife staggered pocket drum with patented removable knife holders 6600 Track Wood Hog Horizontal Grinder CAT C32, Tier II, 1,125-hp Flex engine with HPTO15 clutch 42” x 66 5/8” hammermill system Externally adjustable break-away torque limiter Variable speed infeed system with 36” diameter top compression feed roll and 64” x 18’ live floor with five strands of WDH-120 chain Morbark Integrated Control System Machine equipped with: 18/18 Hammer/Raker pattern 6” hex grates Wearwolf Gen 2 inserts 1300B Tub Grinder CAT C27, Tier II, 1,050-hp engine with PT Tech Wet Clutch Morbark Integrated Control Systems Tub has 10’ diameter inside base and 57” deep walls Externally adjustable break-away torque limiter Model 400 Knucklebone loader with 27’ extended boom reach, 36” Tarantula grapple Stationary operator’s cab and console Discharge system with dual hydraulically-powered 16” diameter augers Machine equipped with: 16 hammers Magnetized end pulley 6” hex grates Reduction box 11-hp compressor For more information on Morbark equipment, visit www.morbark.com. Welcome to Morbark! Welcome to Morbark! Factory tour Factory tour An electric demonstration An electric demonstration 3200 Track Wood Hog 3200 Track Wood Hog 223 Flail 223 Flail 23NCL Chiparvestor 23NCL Chiparvestor 40/36 MicroChipper 40/36 MicroChipper 30/36 MicroChipper 30/36 MicroChipper 6600 Wood Hog 6600 Wood Hog 1300 Tub Grinder 1300 Tub Grinder View the embedded image gallery online at: http://www.woodbusiness.ca/index.php?option=com_k2&view=latest&layout=latest&Itemid=1#sigProGalleria2993533246
Oct. 17, 2016 - In every industry there are young, standout employees who bring passion, enthusiasm and new ideas to their workplaces. In the forest industry, those bright stars are helping shape the logging and sawmilling companies of tomorrow, and Canadian Forest Industries wants to celebrate their successes.
Oct. 17, 2016 - Thousands of loggers and manufacturers converged in Maple Ridge, B.C., for three days in September for DEMO International 2016, the thirteenth edition of the show, held every four years by the Canadian Woodlands Forum.
Oct. 17, 2016 - Olofsfors is pleased to introduce three new products, the KovaX track model, the Blue Line bar, and the 3/4" saw bar.
Oct. 13, 2016 - As a way to learn more about the latest technologies and research underway to improve Canada’s forest industry, Canadian Forest Industries sat down with FPInnovations’ executive vice-president Dr. Trevor Stuthridge, to discuss the organization’s latest projects. In the first of a multi-part series of interviews with Trevor, we discussed some of FPInnovations’ current work related to Canada’s fibre supply.
Oct. 24, 2016 - Martin Engineering has announced the publication of the world’s first aggregation of global best practices dedicated to reducing conveyor risk and injuries. Modeled after the company’s respected Foundations reference volume, now in its fourth edition, Foundations for Conveyor Safety from Martin Engineering provides an unprecedented collection of information, assembled specifically to help conveyor system operators achieve safe production. To assess the true value of safety, the book includes ground-breaking methodology for calculating the payback from safety investments, sometimes referred to as ROS for “Return On Safety.”
Oct. 19, 2016 - Canadian Forest Industries has a rundown of the latest scanner and optimizer technology available to Canadian sawmills.
October 18, 2016 - When OptiSaw takes the stage on November 4 in Montreal, Que. this one-day learning and networking opportunity will focus on the future of optimization and automation in our industry, tackling topics such as: DATA-DRIVEN SAWMILLING IN ACTION! This session will offer a look at how a sawmill in Eastern Canada is optimizing its operations by maximizing the use of the data it collects from the manufacturing floor. Join Francois Leger of PMP Solutions as he takes mill management through a case study of a Quebec sawmill that is currently reaping the benefits of optimizing its data collection. PRIMARY BREAKDOWN With its own in-house engineering and development, HewSaw is continually on the leading edge of technology development for primary breakdown equipment. In his presentation at Optisaw, Bill Tice will cover the latest technology from HewSaw and how it will benefit sawmillers in maximizing speed and recovery in their sawmills. OPTIMIZING YOUR FIBRE SUPPLYFew things are as important to the successful operation of a sawmill as optimizing one’s fibre supply. This presentation will focus on an Eastern Canadian sawmill’s efforts to maximize the use of its fibre through innovative practices. LATEST VISION SCANNING TECHNOLOGIES FOR THE SAWMILL AND PLANER MILL This presentation will discuss how the use of 3D data can be used to identify vision type defects such as splits and shakes and obvious unsound wood at the transverse trimmer optimizer and tracheid data to detect knots (including low contrast knots) and unsound wood at the planer mill. It will also offer attendees a case study of how this technology OPTIMIZING LOG BREAKDOWN This session focuses on how a sawmill can optimize log breakdown with the addition of profiling systems at the primary and secondary processes. There will be an explanation how this technology works and how it can positively impact your operation. A case study will be provided. SAFEGUARDING AGAINST EQUIPMENT OBSOLESCENCE Equipment obsolescence is a growing issue for sawmills as the pace of technology and the sophistication of sawmills increases. In order to protect machinery investments, sawmills need to manage the risk of equipment obsolescence. The best way to do so is in partnership with the sawmill’s suppliers. Join Joey Nelson, the president and founder of JoeScan, as he discusses mitigating the risk of equipment obsolescence in sawmills. SCANNER SCALING COMES TO CANADA! Scanner scaling, the use of log scanners to measure logs for payment, is common practice in other parts of the world, but still relatively new to North America. The first log scanner in North America to be certified by government for trade has recently been installed in a Canadian sawmill, and is being used for log scaling and payment. Springer-Microtec’s chief technology officer Norvin Laudon will discuss the installation, certification process, and cost benefits of scanner scaling. OPTIMIZING YOUR DRYING OPERATIONS This presentation will describe the advantages of continuous and progressive drying for large scale softwood sawmills. It will offer a case study on a sawmill focusing on the issues and opportunities the technology was installed to address at the mill, as well as discuss challenges and results to date. BONUS! Register for OptiSaw and get a free pass to InterSaw, the International Sawmilling Expo taking place on Nov. 2 and 3! Who should attend: •Mill managers/owners •Process engineers •Continual improvement managers •Optimization staff •Researchers •Design consultants Don’t miss out on this exclusive opportunity to learn from industry experts about the innovations and technology that will drive the future of sawmilling! Seats are limited!
Oct. 17, 2016 - Scanner scaling, the use of log scanners to measure logs for payment, is common practice in other parts of the world, but still relatively new to North America.
Oct. 17, 2016 - Thomas Congdon, engineering manager - Salmon Arm - USNR, outlines the specifications of the new ElectraTong Lug Loader from USNR at the 2016 Timber Processing and Energy Expo in Portland, Ore.
Oct. 17, 2016 - Yvan Rainville, vice-president of sales and marketing for Autolog, details the features of Autolog's Transverse Optimizer and ProGrader at the 2016 Timber Processing and Energy Expo in Portland, Ore.
Oct. 17, 2016 - Stephane Desjardins, vice-president of optimization for BID Group, explains the upgrades to Comact's GradExpert at the 2016 Timber Processing and Energy Expo in Portland, Ore.
Oct. 17, 2016 - Jonas Ljung, design engineer with USNR / Söderhamn Eriksson, outlines the features of the new CamShift Modular Debarker at the 2016 Timber Processing and Energy Expo in Portland, Ore.
Oct. 13, 2016 - If you have worked in a sawmill for any length of time, then you have seen it happen many times. The saws are running great, the mill is producing and everybody is happy. Then all of a sudden, the saws start wandering, or there is a wreck, and then another wreck. Nobody is too worried at first, these things happen right?
Oct. 13, 2016 - It hasn’t always been an easy road for Kevin Sexton. The sawmill owner has battled with the government over harvesting rights and seen part of his operation ravaged by fire in the past three years, all while trying to make progress during the slow lumber market recovery in Atlantic Canada.
Oct. 13, 2016 - Editor’s note: Rodney Schmidt is the fire chief in High Level, Alta., where fire damaged a Norbord Inc. log yard and strand board plant last spring.
Oct. 12, 2016 - For the last 20 years, Carbotech’s electric and pneumatic lug loader has been very appreciated in the market. Developed and patented by Gemofor, this rotary lug loader using pneumatic rotors activating a variety of clamps has always been well in demand due to its user friendly advantages and by the fact that it doesn’t use any hydraulic. In 2007, Carbotech acquired the know-how and patents of Gemofor.
Sept. 27, 2016 - Mauro Calabrese, a planning forester for West Fraser in Williams Lake, contributed an article about Williams Lake Plywood for the Williams Lake Tribune's National Forest Week Celebrating Forestry 2016 supplement."Williams Lake Plywood has been operating at its Williams Lake location since 1953, but it didn’t start out as a West Fraser owned plant and it didn’t always make plywood. It was originally known as “All Fir”- finishing rough lumber from the surrounding bush mills."Read the full story.
Sept. 15, 2016 - You won’t read about it in the sports section any time soon, but a number of Canadian cities are competing in a high-stakes global race that will directly affect more than 200 of our communities.
Sept. 2, 2016 - Columbia Forest Products’ veneer plant, Rutherglen mill, east of North Bay, Ont., is ramping up towards full-production after restarting operations in April.
Aug. 12, 2016 - Higher demand and strong sales to construction accounts are reasons behind Hardwoods Distribution Inc.'s increase in sales in the second quarter. The company reports that total sales increased by 9.5% to $157.0 million from $143.4 million in Q2 2015. Hardwoods' U.S. operations increased sales by 3.7% to $95.5 million (USD).
July 26, 2016 - Norbord Inc. reported Adjusted EBITDA of $94 million for the second quarter of 2016 versus $19 million in the second quarter of 2015 and $61 million in the first quarter of 2016. The improvement versus both comparative periods is primarily due to higher North American oriented strand board (OSB) prices and shipment volumes. North American operations generated Adjusted EBITDA of $85 million in the quarter compared to $11 million in the same quarter last year and $53 million in the prior quarter. European operations delivered Adjusted EBITDA of $11 million compared to $10 million in both comparative quarters. "Our financial and operational performance continued to improve in the second quarter. Our Adjusted EBITDA has increased for six consecutive quarters and so far in 2016, we have generated $120 million more in Adjusted EBITDA than this time last year. Further, our Adjusted earnings were more than double the first quarter," said Peter Wijnbergen, Norbord's President and CEO. "Our North American mills produced at 96% of stated capacity during the quarter. The benchmark OSB spot price is currently up 44% since its February low, the highest level in over three years. We see further upside to our performance as recovering US housing starts, particularly single-family, continue to drive increasing OSB demand." "In Europe, our panel business delivered a 10% improvement in Adjusted EBITDA. The underlying fundamentals of our European business remain favourable in spite of the political uncertainty following the Brexit referendum. The UK is a net importer of panelboard and as a primarily UK-based producer, the recent pressure on the Pound Sterling makes Norbord's domestically-produced panels more competitive than imports. Our modernization project at Inverness will lower our manufacturing costs and is underpinned by growing European OSB demand, largely driven by increasing substitution of OSB for higher cost plywood." Market Conditions In North America, year-to-date US housing starts were up 7% versus the same period last year. Single-family starts, which use approximately three times more OSB than multi-family, increased by 13% and single-family permits were 10% higher. The seasonally-adjusted annualized rate was 1.19 million in June. The consensus forecast from US housing economists is for approximately 1.20 million starts in 2016, which suggests an 8% year-over-year improvement. Second quarter North American benchmark OSB prices increased significantly from both the same quarter last year and the previous quarter as new home construction activity and OSB demand continue to improve. OSB prices increased rapidly during the month of May before pulling back in June, and the North Central benchmark price finished the quarter at $275 per thousand square feet (Msf) (7/16-inch basis). The North Central benchmark price averaged $264 per Msf for the quarter, compared to $193 per Msf in the same quarter last year and $226 per Msf in the previous quarter. In the South East region, where approximately 35% of Norbord's North American OSB capacity is located, benchmark prices averaged $245 per Msf in the quarter, compared to $174 in the same quarter last year and $215 in the prior quarter. In the Western Canada region, where approximately 30% of Norbord's North American capacity is located, benchmark prices averaged $242 per Msf in the quarter, compared to $152 in the same quarter last year and $191 in the previous quarter. In Europe, Norbord's core panel markets in the UK and Germany continued to experience strong demand growth in the quarter. Second quarter average panel prices were in line with both the same quarter last year and the previous quarter. OSB prices were stable in the UK and continued to rise on the continent, resulting in average prices that were 4% higher year-over-year and 2% higher quarter-over-quarter. Medium density fibreboard (MDF) and particleboard prices were 5% lower year-over-year due to increased import competition when the Pound Sterling was stronger earlier this year, but were in line with the previous quarter. Performance Norbord's North American OSB shipments increased 8% year-over-year and 11% quarter-over-quarter due to fewer maintenance and market shuts and improved mill productivity. Norbord's operating North American OSB mills produced at 96% of stated capacity (excluding the two curtailed mills in Huguley, Alabama and Val-d'Or, Quebec), up from 89% in the same quarter last year and 92% in the prior quarter. Capacity utilization increased versus both comparative periods due to improved productivity, as well as fewer maintenance shuts and production curtailments, partially offset by approximately three weeks of lost production due to the fire at the High Level, Alberta mill. Three of Norbord's North American mills achieved quarterly production records. Norbord's North American OSB cash production costs per unit (before mill profit share) decreased 6% year-to-date due to improved productivity, lower resin prices, improved raw material usages, fewer maintenance shuts and production curtailments and the weaker Canadian dollar, which were partially offset by higher supplies and maintenance costs. In Europe, Norbord's shipments were 5% higher than the same quarter last year and 6% higher than the prior quarter. The European mills produced at 104% of stated capacity in the quarter compared to 101% in the same quarter last year and 100% in the prior quarter due to improved productivity. One of Norbord's European mills achieved a quarterly production record. Norbord's mills delivered Margin Improvement Program (MIP) gains of $14 million year-to-date from improved productivity and lower raw material use as well as merger synergies and returns on recent capital investments. MIP gains are measured relative to the prior year at constant prices and exchange rates. In the 15 months since the merger with Ainsworth, Norbord has captured $32 million in cumulative merger synergies ($39 million annualized), or 87% of the $45 million total commitment. The Company remains on track to deliver its full $45 million target by the end of 2016. In addition to these synergies, the merger has enabled the Company to avoid significant cash outlays it would otherwise have had to incur. Norbord estimates this capital and operating cost avoidance at $18 million, which includes transferring formerly idle assets, maintaining lower inventory levels and optimizing the timing of supplier payments. In January 2016, the Board of Directors approved a $135 million investment over the next two years to modernize and expand the Company's Inverness, Scotland OSB mill. During the quarter, on-site construction work commenced and work began to move the unused second press from the Grande Prairie, Alberta mill to Inverness. Capital investments year-to-date were $34 million (including $6 million related to the Inverness project) compared to $28 million in the first half of last year. Norbord's 2016 regular capital expenditure budget is $75 million. In addition, the Company expects to spend $45 million on the Inverness project in 2016. Operating working capital was $163 million at quarter-end compared to $151 million at the end of the same quarter last year and $172 million at the end of the prior quarter. Working capital increased year-over-year primarily due to the impact of higher North American OSB prices on accounts receivable and the insurance receivable related to the High Level fire. Working capital decreased quarter-over-quarter primarily due to the seasonal inventory drawdown at the northern mills and the loss of log inventory due to the High Level fire (which is covered by insurance). Due to improved Adjusted EBITDA, cash generated from operations for the first six months of 2016 was $86 million compared with $55 million of cash consumed in the same period of 2015. At quarter-end, Norbord's unutilized liquidity improved by $50 million to $374 million and consisted of $12 million in cash and $362 million in unused credit lines. During the quarter, the Company repaid $55 million that had previously been drawn under the accounts receivable securitization program. In June 2016, the Company amended its bank lines to reset the tangible net worth covenant to $500 million and extend the maturity date for $225 million of the total aggregate commitment to May 2019. The remaining $20 million commitment matures in May 2018. The Company's tangible net worth was $799 million and net debt to total capitalization on a book basis was 48%. Both ratios remain well within bank covenants. Norbord has $200 million senior secured notes that are due in February 2017, which the Company intends to permanently repay at maturity using cash on hand, cash generated from operations and if necessary, by drawing upon the accounts receivable securitization program. Quarterly highlights On the back of strong North American pricing, we delivered Adjusted EBITDA of $94 million during the quarter (Adjusted earnings per share of $0.49) – over 50% more than the previous quarter. Across our global operations, manufacturing costs declined 4% year-over-year and we had record quarterly production at four mills. Our improved mill productivity enabled a 7% increase in sales volume year-over-year, consistent with the demand increases we had been forecasting. While still a small part of our revenues, sales to Asia are also improving, with exports to both Japan and China up over last year. We continue to make progress on the synergies from our merger with Ainsworth. To-date we have captured $39 million (annualized) in cumulative synergies, or 87% of our overall $45 million target. In addition to these synergies, our now larger post-merger operations have enabled us to avoid significant cash outlays we would otherwise have had to incur. We estimate this capital and operating cost avoidance at $18 million, which includes transferring and putting formerly idle assets to productive use, maintaining lower inventory levels and optimizing the timing of supplier payments. While we continue to allocate capital toward optimizing and growing our operations, we are also reducing our debt. During the second quarter we completely paid down our $55 million in accounts receivable securitization drawings, improving our liquidity position by more than $50 million to $374 million. Deleveraging remains a priority and we are committed to using our free cash flow and this liquidity to pay down our $200 million 2017 bonds when they come due next February. Well positioned to navigate political uncertainty in the UK While Norbord, like all companies active in the UK, is affected by the prevailing political environment following the referendum result, the underlying fundamentals and market dynamics that relate to our specific industry continue to be favourable. For context, our European business represents 24% of our shipments volume (of which about two-thirds remains in the UK) and contributed 12% of our Adjusted EBITDA this quarter. We are are well positioned to navigate the current economic uncertainties and this perspective is founded on two principal facts. First, OSB represents only about 45% of structural panel consumption in Europe compared to over 65% in North America. Substitution of OSB for higher cost plywood has been driving double-digit demand growth for the past several years. Since the vast majority of competing plywood is imported from outside Europe and denominated in US dollars, it has become 10% more expensive in the UK market since the referendum. Further, the UK is a net importer of OSB, MDF and particleboard, and Norbord is the largest domestic panelboard producer. The Pound Sterling has also devalued almost 10% versus the Euro, making our domestically produced panels even more appealing for UK customers. Second, there is a chronic undersupply of new housing in the UK. The UK government acknowledges that the number of new homes built annually needs to double from its current level. Over the past few years, a number of measures have been legislated to debottleneck the cumbersome planning process. This new supply may not be built out as quickly now as before the referendum, but the fact remains there is a housing gap that needs to be filled. While new home construction drives only about one-quarter of UK OSB demand, this continues to represent a significant opportunity for Norbord. We are confident the underlying fundamentals are positive and that we have the right strategy and operational approach in place. Our Inverness project is a unique and low-risk way to further strengthen our European business. Our $135 million project budget translates to $190 per thousand square feet of capacity. This is half the cost of greenfield and represents the new low water mark for capacity cost in our industry. The referendum has not changed the project economics and the benefits will be driven by significantly lowering the mill's manufacturing cost through the installation of larger scale, modern press technology that has been sitting idle at our Grande Prairie, Alberta mill. The opportunity is further underpinned by the site's access to a growing and low-cost wood basket in Europe.
July 25, 2016 - Toronto-based Norbord Inc. is positioned to profit from the rise in the OSB benchmark price after years of carefully building its presence in the OSB space. According to a feature in the Globe & Mail, North American OSB prices in the first quarter of 2016 were 17 per cent higher than last year. That, and Norbord's acquisitions in the OSB sector position it for solid growth and profitability after years of challenges.Chris Damas, an analyst and editor of BCMI Report, says the benchmark OSB price is now in the range of $306 (U.S.) per thousand square feet, well above the $229 15-year average.Once a diversified forestry company, Norbord shed assets over the years to focus on OSB. Now boasting annual sales in the $1.5-billion range and a market capitalization of about $2.4-billion (Canadian), it bills itself as the world’s largest producer of OSB. Read the complete feature here.
June 28, 2016 – The U.S. Court of International Trade released its public decision upholding the International Trade Commission’s (ITC) core findings that Chinese and domestic plywood differ so significantly the ITC was correct to conclude imports from China had no impact on the domestic industry’s competitive and financial position.
June 23, 2016 – Weyerhaeuser plans to close its lumber and plywood mill in Columbia Falls, Montana, this summer due to a “chronic” log shortage.
June 22, 2016 – Demand for cost-effective and environmentally friendly wood products is expected to drive the global engineered wood products market through 2020, according to a new forecast from Technavio.
June 6, 2016 - Back in the fall, Columbia Forest Products mills in the U.S. were producing such a high-quality veneer that the company was having to ship it north to its mill in Hearst, Ont. to keep up with Canadian demand. The demand was so great, that Columbia ended up investing $15 million into its production facility in Hearst to upgrade the plant’s core-peeling capabilities with the same Meinan state-of-the-art peeling technology used in its U.S. mill operations.
May 24, 2016 - Norbord Inc. announced that its OSB mill in High Level, Alta. resumed production over the weekend following a fire that occurred on May 4. As previously reported, in the afternoon of May 4, a fire broke out in the mill yard which, as a result of the hot, dry, windy weather conditions in northern Alberta, quickly spread to the log storage area outside the plant. As a precaution, Norbord immediately suspended production at the mill. Shipping from finished goods inventory resumed the weekend of May 6. The High Level mill has a stated annual production capacity of 860 million square feet (3/8-inch basis) and has been ramping up towards full production since resuming operations in late 2013. High Level is located approximately 720 kilometres northwest of Edmonton and 400 kilometres west of Fort McMurray. Norbord Profile Norbord Inc. is a leading global manufacturer of wood-based panels and the world's largest producer of oriented strand board (OSB). In addition to OSB, Norbord manufactures particleboard, medium density fibreboard and related value-added products. Norbord has assets of approximately $1.7 billion and employs approximately 2,600 people at 17 plant locations in the United States, Canada and Europe. Norbord is a publicly traded company listed on the Toronto Stock Exchange and New York Stock Exchange under the symbol "OSB". This news release contains forward-looking statements, as defined by applicable securities legislation, including statements related to our strategy, projects, plans, future financial or operating performance and other statements that express management's expectations or estimates of future performance. Often, but not always, forward-looking statements can be identified by the use of words such as "expect," "believe," "forecast," "likely," "support," "target," "consider," "continue," "suggest," "intend," "should," "appear," "would," "will," "will not," "plan," "can," "may," and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters identify forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Norbord to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Although Norbord believes it has a reasonable basis for making these forward-looking statements, readers are cautioned not to place undue reliance on such forward-looking information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, which contribute to the possibility that the predictions, forecasts and other forward-looking statements will not occur. Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include: assumptions in connection with the economic and financial conditions in the US, Europe, Canada and globally; risks inherent to product concentration and cyclicality; effects of competition and product pricing pressures; risks inherent to customer dependence; effects of variations in the price and availability of manufacturing inputs; risks inherent to a capital intensive industry; ability to realize synergies; and other risks and factors described from time to time in filings with Canadian securities regulatory authorities. Except as required by applicable law, Norbord does not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by, or on behalf of, the Company, whether as a result of new information, future events or otherwise, or to publicly update or revise the above list of factors affecting this information. See the "Caution Regarding Forward-Looking Information" statement in the January 27, 2016 Annual Information Form and the cautionary statement contained in the "Forward-Looking Statements" section of the 2015 Management's Discussion and Analysis dated January 27, 2016 and Q1 2016 Management's Discussion and Analysis dated April 28, 2016. Source:Norbord Inc.
May 13, 2016 – Columbia Forest Products’ recently continued its expansion efforts across Ontario with the purchase of Kitchener, Ont.- based Nova Wood Lamination. The company purchased the shares of Nova Wood Lamination from its founding owners, Frank and Donna Decicco. "Frank, Donna and the rest of the Nova Wood Lamination team have built an outstanding reputation for delivering a diverse mix of high quality products and services to the decorative hardwood panel industry," said Columbia's executive vice-president of Canadian plywood and decorative veneer operations, Gary Gillespie. "We are extremely happy to bring the Nova lamination facility into the Columbia Forest Products family.” "The Nova Wood plant’s flexible, quality-based production line and its proximity to attractive Canadian and U.S. markets will give many Columbia customers a new competitive edge,” added Gilles Levesque, Columbia's general manager of Canadian plywood operations. Columbia's purchase of Nova Wood Lamination is the third major investment made by the company in the province over the past 12 months. The company also commissioned a new Meinan core peeling lathe at its Hearst, Ont. plywood plant this past fall and re-started hardwood veneer peeling operations in Rutherglen, Ont. earlier this month. "We are high on Ontario: its resources, suppliers, the close working relationships we enjoy with the government agencies, and especially, the dedicated workforce we employ across the province,” said Gillespie. About Columbia Forest Products Established in 1957, Columbia Forest Products has provided fine decorative hardwood plywood panels to the woodworking industry for nearly 60 years. Columbia’s decorative veneers and panels are used in high-quality cabinetry, fine furniture, architectural millwork and commercial fixtures. An employee stock owned firm (ESOP), Columbia is committed to offering products with integrity, originating from responsibly-managed forestlands and assembled with EPA award-winning PureBond® formaldehyde-free technology. All Columbia products are backed by exceptional customer service and technical support. Website address: www.cfpwood.com.
Oct. 5, 2016 - Damage from a fire that burned through DAG-Wood Products in Osler, Sask., on the weekend is estimated at $1 million.
Sept. 14, 2016 - The federal government is investing close to $4.5 million in an East Coast startup working to commercialize a technology that uses rejected wood fibers to make high-strength, lightweight composite building materials, packaging and furniture.Corruven Canada Inc. plans to use the investments, as well as about $2 million in private funds, to install its first industrial-scale corrugating line and build a market for its products in the U.S. and Canada. The company’s technology allows it to process and press veneer rejects into usable products such as packaging and bed platforms. The company says its materials are approximately 75 per cent lighter and six-time strong than traditional building materials.Supporting the Canadian forestry industry, the Canadian government’s Investments in Forest Industry Transformation Program provided Corruven $2.5 million in funding for the project, while the Atlantic Canada Opportunities Agency contributed the remaining $2 million in government funding.The startup expects the corrugating line and associated research will create 10 new jobs at its base in Saint-Basile, N.B., as well as an additional 14 if the project proves successful.
Aug. 26, 2016 - Brink Forest Products Ltd. has entered into an agreement with the BID Group of Companies to purchase Vanderhoof Specialty Wood Products Ltd.
Aug. 11, 2016 - With the recent closing of manufacturing plants in the North Bay, Ont., area, one can assume that most people living in the region were relieved to witness the reopening of Columbia Forest Product’s hardwood veneer plant in Rutherglen, Ont. The plant was reopened this past April with USD$1.5 million invested into the facility.
Aug. 10, 2016 - Acquisitions and high demand for residential lumber and railway ties accounts for Stella-Jones' strong second quarter sales results, up 31.5 per cent from one year ago. The company's sales reached $563.1 million, up from $428.1 million in the second quarter last year.
June 9, 2016 – Stella-Jones Inc. announced that its wholly-owned subsidiary, McFarland Cascade Holdings, Inc., has completed the acquisition of the equity interests of 440 Investments, LLC, the parent company of Kisatchie Treating, LLC, Kisatchie Pole & Piling, LLC, Kisatchie Trucking, LLC and Kisatchie Midnight Express, LLC (collectively, “Kisatchie”). Kisatchie produces treated poles, pilings and timbers, with two wood treating facilities in Noble and Pineville, La. Kisatchie’s consolidated sales for the year ended December 31, 2015 reached approximately US$51.8 million. The purchase price was US$42.5 million, including US$10.0 million of working capital, and is subject to post-closing adjustments. Stella-Jones has financed the transaction through a combination of debt financing and a vendor note. “The acquisition of Kisatchie allows Stella-Jones to further enhance its offerings in the North American wood treating industry. It is also consistent with our objective of steadily increasing shareholder value through selective acquisitions. We expect this transaction to yield synergies and to be immediately accretive to earnings, as we continue to optimize the overall efficiency of our continental network,” said Brian McManus, president and CEO of StellaJones. About Stella-Jones Stella-Jones Inc. (TSX: SJ) is a leading producer and marketer of pressure treated wood products. The company supplies North America’s railroad operators with railway ties and timbers, and the continent’s electrical utilities and telecommunication companies with utility poles. Stella-Jones also manufactures and distributes residential lumber and accessories to retailers for outdoor applications, as well as industrial products for construction and marine applications. The company’s common shares are listed on the Toronto Stock Exchange. Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of the company. These statements are based on suppositions and uncertainties as well as on management’s best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for the company’s products and services, the impact of price pressures exerted by competitors, the ability of the Company to raise the capital required for acquisitions, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results.
May 13, 2016 - Stella-Jones Inc. announced that its wholly-owned subsidiary, McFarland Cascade Holdings, Inc., has signed a definitive agreement to purchase the shares of Lufkin Creosoting Co., Inc. The signature of a non-binding letter of intent in respect of the proposed acquisition was announced by Stella-Jones on Feb. 3, 2016. Lufkin Creosoting produces treated poles and timbers at its wood treating facility in Lufkin, Texas. Its consolidated sales for the year ended December 31, 2015 reached approximately US$34.2 million. The definitive share purchase agreement provides for a purchase price of US$37.5 million which includes US$5.0 million of working capital and is subject to adjustments. The transaction is expected to close during the second quarter of 2016 and is subject to customary closing conditions. Stella-Jones plans to finance the transaction through a combination of debt financing and a vendor note. About Stella-Jones Stella-Jones Inc. is a leading producer and marketer of pressure treated wood products. The Company supplies North America's railroad operators with railway ties and timbers, and the continent's electrical utilities and telecommunication companies with utility poles. Stella-Jones also manufactures and distributes residential lumber and accessories to retailers for outdoor applications, as well as industrial products for construction and marine applications. The Company's common shares are listed on the Toronto Stock Exchange. Except for historical information provided herein, this press release contains information and statements of a forward-looking nature concerning the proposed acquisition described herein. These statements are based on suppositions, risks and uncertainties as well as on management's best possible evaluation of future events. Such risks and uncertainties include, without excluding other considerations, the failure to satisfy closing conditions and the failure to complete or delay in completing th e proposed acquisition for any other reason. As a result, readers are advised that actual results may differ from expected results and should not place undue reliance on forward-looking information.
May 9, 2016 - Monterra Lumber Mills Ltd., a remanufacturer of softwood lumber, pleaded guilty and has been fined $80,000 in the death of a delivery driver who was killed while lumber was being unloaded from the truck he had been driving. On November 12, 2013, a driver working for a shipping company was delivering a tractor trailer of bundles of lumber to Monterra's facility at 12833 Highway 50 South in Bolton. Upon arrival the driver was instructed to drive to the back of the yard; a lumber company worker would then unload the lumber. The driver drove to the back of the yard, then stood on the passenger side of the trailer, rolling up the straps that were securing the bundles of lumber. Each bundle consisted of 189 pieces of board measuring 16 feet long and weighing about 6,000 pounds. The lumber company worker drove a forklift to the tractor trailer and started to unload the bundles from the driver's side of the trailer. While removing the first bundle, an adjacent bundle on the passenger's side fell off the trailer and landed on the driver, causing fatal injuries. The driver was pronounced dead at the scene by emergency workers called to the scene. At the time of the incident, there were no measures in place such as barriers, warning signs or other safeguards for the protection of all workers in the yard where vehicle or pedestrian traffic may endanger the safety of any worker. The lumber company failed as an employer to ensure compliance with Section 20 of Ontario's Industrial Establishments Regulation, which states that "barrier, warning signs or other safeguard for the protection of all workers in an area shall be used where vehicle or pedestrian traffic may endanger the safety of any worker." Monterra Lumber Mills was fined $80,000 for the death by Justice of the Peace Samantha Burton in Caledon court on May 9, 2016. In addition to the fine, the court imposed a 25-per-cent victim fine surcharge as required by the Provincial Offences Act. The surcharge is credited to a special provincial government fund to assist victims of crime.
April 29, 2016 - Stella-Jones Inc. has announced its director election results following its annual meeting of shareholders
April 28, 2016 - Stella-Jones Inc. announced strong financial results for the first quarter ended March 31, 2016 thanks to solid growth in sales in the railway tie market.
March 16, 2016 – For the fifteenth year in a row, Stella-Jones Inc. has grown its net income. That announcement came as part of the company’s release of its financial results for the fourth quarter and fiscal year ended December 31, 2015.
February 16, 2016 - Luxor Industrial Corporation recently announced the closing of two definitive agreements providing for Luxor’s acquisition of two wood framing businesses in Canada and the U.S. In the United States, Luxor has purchased all of the equity interest of Mill Frame LLC, a Washington State limited liability company. Luxor is required to issue five million common shares of Luxor upon Mill Frame LLC generating $10 million in net sales and a further five million common shares of Luxor upon Mill Frame LLC generating an additional $10 million in net sales ($20 million in the aggregate). In the past 45 days, Luxor has announced three contracts secured by Mill Frame LLC that have a total value in excess of US $ 5,000,000 or CDN $ 7,000,000. “In the summer of 2015, I approached Luxor as a supplier of pre-fab walls; 10 years ago when the exchange rate was similar we had done some great wood business together in the U.S.,” stated Steve Conboy, president of Mill Frame. “This time I saw an opportunity to sell turnkey framing to U.S. builders and took a longer term view to partner up with Luxor. I am proud to join Luxor and its group of seasoned veterans.” In Canada, Luxor has purchased the book business and certain assets of Colt Builders Inc. of Alberta through Luxor’s subsidiary Mill Frame Inc. (Newco) which has acquired such assets for 40 per cent of the shares of Newco. Colt has agreed that it will exchange 20 per cent of its Newco shares in consideration for the issuance of 5 million common shares of Luxor upon Newco generating $10 million in net sales and will exchange the remaining 20 per cent of its Newco shares to Luxor in consideration for the issuance of an additional 5 million common shares of Luxor upon Newco generating an additional $10 million in net sales ($20 million in the aggregate). Upon achieving the milestones, Luxor will have the right to 100 per cent ownership of Newco shares. Closing of the acquisitions was not conditional upon financing, however, Luxor will be required to provide additional funds in order to execute on its business plan and grow the respective businesses. All of the vendors are arm’s length parties to Luxor. “Our team in Alberta is pleased to join Luxor,” said John Hunter, president of Colt. “We look forward to providing our many years of experience in turnkey framing to support Luxor’s expansion into the United States.” Prior to the above two acquisitions, Luxor has and continues to be involved in the development, engineering, manufacturing and marketing of engineered wood products and operates in the industrial, residential and commercial sectors. This news release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of Luxor. There are numerous risks and uncertainties that could cause actual results and Luxor’s plans and objectives to differ materially from those expressed in the forward-looking information, including: adverse market conditions or the inability of Luxor to raise funds to execute on its business plan with respect to the recently acquired wood framing businesses. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Luxor does not intend to update these forward-looking statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Community photos capture forest industryOct. 19, 2016 - Submissions are starting to trickle in…
BC Interior loggers talk rates, futureOct. 24, 2016 - Once upon a time, contractors in the…
Timber harvests up 10 per cent in U.S.Oct. 19, 2016 - Timber harvests in the U.S. have…
Alberta grants Tolko's High Prairie FMA extensionOct. 20, 2016 - Tolko has accepted the conditions of a five-year…
China Yiwu International Forest Products FairTue Nov 01, 2016
InterSaw - the International Sawmilling ExpoWed Nov 02, 2016
OptiSaw - Mill Optimization & Automation ForumFri Nov 04, 2016
WEBINAR: What is the lubricant’s role in energy efficiency?Thu Nov 17, 2016 @ 2:00pm - 03:00pm