Sept. 15, 2017 - Forestry and logging, a lifeblood of those in Northern Alberta and B.C. is and industry that we take seriously and should not be overlooked.
Sept. 15, 2017 - Haliburton Forest & Wildlife Reserve has partnered with Bluesource Canada to leverage the value generated by the Ontario carbon market to commit to long-term stewardship that maximizes CO2 emissions sequestered by the forest.
Sept. 12, 2017 - Peterson Pacific Corp. has announced the all-new Peterson 6310B Drum Chipper which is suited for high volume biomass producers who have a wide variety of feed material, from logs up to 36″ (91 cm) in diameter, to brush and small feedstock.
Sept. 11, 2017 - A 90-year-old logging outfit on Vancouver Island is closing up shop this year for good. The owner of W.D. Moore Logging says slim margins for small players are to blame.
Sept. 7, 2017 - Forest Products Association of Canada (FPAC) has launched a new website – www.cariboufacts.ca – to share facts with Canadians about caribou herds and to urge the federal government to build caribou plans that address the many complex factors that are impacting caribou populations across the country. FPAC also wants to ensure that the government's plans don't unnecessarily put rural and northern jobs at risk.
Sept. 5, 2017 - Barko’s new Strong-Arm Grapples provide a highly productive solution for log handling and delimbing applications. Designed to optimize the performance of Barko B-Series loaders – including all trailer/truck mount, tracked, rough terrain carrier and stationary loader models – the grapples deliver superior rotator torque, clamping force and arm speed.
September 5, 2017 - CFI takes a look at the latest feller bunchers ready to work for contractors in Canada’s forests.
Aug. 30, 2017 - A bright coloured measuring box dispensing sewing thread used to be part of the suite of tools that every road builder and timber cruiser relied on to mark out trails and measure off plots. I know this from experience in the B.C. bush laying out mineral claims.
Aug. 25, 2017 - John Deere announces three upgrades to its powerful Forwarder line. The 1110G, 1210G and 1510G models feature new engines, control modules, simpler CAN busses and a streamlined electrical system, providing loggers with the power and precision needed for tough jobs in the woods.
Aug. 22, 2017 - Exhibit space is selling fast for the 2018 Atlantic Heavy Equipment Show. Even though the event isn’t until April 5th and 6th, the show floor is now over 80 per cent sold out! Elbow-room only crowds are expected on both days of the region’s most comprehensive heavy equipment show at the Moncton Coliseum Complex, so don’t miss a chance to be part of this huge industry event.
Aug. 22, 2017 - Canada’s leading forest products companies and the 230,000 people we employ in hundreds of communities across the country are urging the federal government to give serious thought to adjusting the procedures and timing of the Caribou Recovery Strategy to achieve a more balanced and sustainable way forward for all.
Aug. 17, 2017 - In logging, time is money just like any other business. When your forestry machine has a technical issue that threatens your wood harvesting capacity, time is of the essence.
Sept. 13, 2017 - Georgia-Pacific is building a new $100-million, state-of-the-art sawmill in Talladega, Ala., the company announced today.
Sept. 13, 2017 - This month, Brunette Machinery will launch their newest in log singulation technology. The patented Retract-to-Load (RTL) Log Singulator. With the patented pre-stage log positioning, robust design, heavy duty torque tube drive assembly, re-enforced steps, RTL Log Singulator has already proven to reduce maintenance costs and will give a mill tighter log gap control.
Sept. 6, 2017 - EACOM has successfully completed the installation of a Wellons continuous dry kiln at its Timmins sawmill, the company announced today.
Sept. 5, 2017 - The Simonds 095 AB is the newest model that can level, tension, adjust the back, and set the tire line. And unlike other auto benches, the Simonds AB has a new “Learning Mode”.
Aug. 28, 2017 - Modern Engineering's general manager Udo Jahn has launched a YouTube series focused on topics affecting machine shops and sawmills today: automation, the skillsgap, and innovation.
Aug. 23, 2017 - Valutec has secured one of its largest deals of all time in the Finnish sawmill market. The Keitele Group chose to invest in six continuous kilns for their sawmill in Alajärvi. The higher drying capacity is a part of a major investment program comprising a total of EUR 32 million. With these investments, the Keitele Group’s total production capacity will increase to one million cubic meters per year (423 776 MBF).
Aug. 22, 2017 - It’s time to register as an exhibitor for the 2018 Montréal Wood Convention taking place March 20-22!
Aug. 21, 2017 - The U.S. Federal Trade Commission (FTC) has approved West Fraser's acquisition of six sawmills and a finger-joint mill from the Howard Gilman Foundation and other shareholders.
Aug. 11, 2017 - The mill in Ignace, Ont., an almost three-hour drive northwest of Thunder Bay, is more than just a modern sawmill. For the town of about 1,200, Resolute Forest Products is one of its biggest employers.
Aug. 9, 2017 - CFI has a rundown of the latest scanning and optimizing equipment available for sawmills in Canada.
Aug. 4, 2017 - Sensors in the sawmill industry have come leaps and bounds over the last several years, and there are seemingly endless new players in the manufacturing game.
Aug. 3, 2017 - Just off the winding Sea to Sky Highway running along the coast from Vancouver to Whistler, B.C., the unique wooden architecture of the Squamish Adventure Centre beckons tourists to stop in.
Sept. 14, 2017 - WOODRISE, the world's first conference dedicated to mid-rise and tall wood buildings opens its doors in Bordeaux, France.
Aug. 23, 2017 - Structurlam is the first Canadian manufacturer of cross-laminated timber (CLT) to be certified to the Sustainable Forestry Initiative's 2015‑2019 Chain-of-Custody Standard.
Aug. 22, 2017 - A new report available from reThink Wood demonstrates the fire resistance rating of glulam beam to column connections in Type IV construction. The findings support mass timber as a safe solution that meets, and in some cases exceeds, stringent fire safety standards for U.S. building design and construction.
July 27, 2017 - Tolko has ordered two pocket batch feeders to upgrade its OSB line at its re-opened High Prairie, Alta., mill.The OSB mill was restarted in June 2017. It had been closed since 2008 prior to that when the North American housing market fell and forced the mill to shut down.Production is expected to resume in the first quarter of 2018.“We are confident that current improvements in market conditions are sustainable and that customer demand for Tolko oriented strand board products will remain strong,” said Tolko president and chief executive officer Brad Thorlakson in a release. Tolko has ordered the pocket batch feeders from Surrey, B.C.-based equipment manufacturer Kadant Carmanah Design. “We’re very happy to see this mill resume operation and to be awarded the order for critical equipment for the OSB line upgrade, said Kadant Carmanah president Michael Colwell. “Tolko and Kadant Carmanah share a long history of partnering to make the best solutions possible.”Once fully operational, the mill is expected to directly employ approximately 175 people.
June 26, 2017 - The Quebec Minister of Forests, Wildlife and Parks has granted Norbord a wood allocation for its curtailed Chambord, Que., OSB mill that will take effect next April.
June 6, 2017 - You can’t go to an industry conference today without hearing about the mass timber movement, and more specifically about cross-laminated timber – the wood panels that make up the 18-storey UBC Brock Commons building, the world’s tallest wood building to date.
April 4, 2017 – An 18-storey wood building with a fire code that has left even fire chiefs impressed? That is what has been achieved in Vancouver at the University of British Columbia where mass timber was used to build the world’s tallest wooden building. Fire Fighting in Canada magazine’s feature on the project explains that the building is much taller than the six-storey limit for wooden buildings laid out by the National Building Code of Canada. The naturally fire resistant mass timber material used for it also requires its own permit. According to the article, the National Building Code of Canada may consider encapsulated mass timber wood construction of up to 12 storeys come 2020. “The building’s 169-millimetre-thick CLT panels, used for the floors, were constructed with five layers of dimensional lumber oriented at right angles to one another and then bonded together. Glulam, used in the columns, is also composed of bonded dimensional lumber, with the grain running parallel to the beam’s length,” the article reads. A fire demonstration done in Quebec showed that in the event of a fire in with the same CLT panels, with temperatures reaching their highest, the fire would be contained to the compartment it started in, and even burn itself out in about two hours. “I would call this extremely safe from a fire perspective,” Vancouver Fire and Rescue Services assistant chief of community safety Ray Bryant told FFIC magazine. “It’s a very safe building, once completed.” Bryant told FFIC that the use of mass timber in the construction of the building is what made it safer than a stick-built structure. The building is being used to house university students living on the UBC campus this spring. The success of this building could be a catalyst for similar uses of wood in the future. | READ MORE
March 21, 2017 - Why does glue stick? What makes wood unique when it comes to gluing it together? The adhesive bonding of wood is becoming increasingly important as large timber becomes more and more scarce.
Feb. 17, 2017 - Oregon is setting the pace for the nation in mass timber manufacturing, design and construction. A new report by the Oregon Forest Resources Institute offers insights from the architecture, engineering and construction communities on this burgeoning trend.Forest to Frame showcases the public and private partnerships contributing to a growing movement that's redefining how apartments, hotels and offices are constructed. The 20-page report profiles Oregon developers, architects and contractors who are at the forefront of using advanced wood products such as cross-laminated timber (CLT) to build multistory structures – even skyscrapers – almost entirely out of wood. It also highlights prominent projects in the state that are changing perceptions about wood construction, including a 12-story timber tower in Portland that will be one of the first CLT high-rises in the United States.Other topics covered in the report include groundbreaking research in Oregon demonstrating the safety of mass timber buildings, the many environmental benefits of building with wood, and how its use for construction supports economic development in Oregon's rural timber towns."Forest to Frame offers a fascinating overview of mass timber construction and why it holds great promise on a number of fronts," says OFRI Director of Forest Products Timm Locke. "The report demonstrates that it's both possible and practical to meet our growing construction demands with the most remarkable building material we've ever known: wood."Digital and print copies of Forest to Frame are available to download and order through OFRI's website, OregonForests.org.The Oregon Forest Resources Institute was created by the Oregon Legislature to advance public understanding of forests, forest management and forest products and to encourage sound forestry through landowner education. OFRI is governed by a 13-member board of directors and is funded by a portion of the forest products harvest tax.
Jan. 26, 2017 - Whether the structure you’ll be erecting is something that has been built a thousand times, or if it is a one-of-a-kind masterpiece, an efficient and cost-effective construction process is heavily dependent on how well-organized and prepared your trades are. Major construction projects find multiple trades working in conjunction, and one crucial way to ensure success is to incorporate pre-fabrication into the process. Mass timber manufacturer Structurlam Products is a Penticton, B.C.-based company that uses pre-fabrication in every project it undertakes. The company champions this process because they find it results in cost savings for clients, fast on-site assembly, safer work sites and an opportunity for higher quality structures. Preparation is key in pre-fabrication The important first step in pre-fabricating the pieces that will ultimately be put together to form a building is the creation of a 3D model. Mocking up the building exactly as it will need to be created — also known as virtual construction — from the walls, to the holes for plumbing and electricity, is a means of testing and fine-tuning the details to ensure everything is in place before anything is produced and sent to site. Structurlam advocates that all trades use a single geometry model during this process, as it reduces confusion and saves time for all involved. Once the modelling is underway, Structurlam can make adjustments to the building as needed to allow for tolerances and fabrication details. Once the 3D model is complete, the customized data can then be used to create a list of materials that are needed, the exact shop drawings can be completed and then the pre-fabrication of the pieces can begin. The modelling work results in a process that creates the CNC machine codes for the geometry needed to produce each unique panel. This begins what will ultimately make completing the building akin to putting together a dresser from IKEA. “At Structurlam we work closely with all trades involved to ensure everything that will go into the building is reflected perfectly in the 3D model,” said president of Structurlam Bill Downing. “Our ability to incorporate every detail into the pre-fabrication process allows us to deliver the pieces to a building that will come together smoothly and benefit all who are working together to erect it.” Upon completion of the individual pieces, these fabricated panels are placed in order of delivery to the site. They are loaded on to the trucks perfectly to match the installation sequence. While this requires a tremendous amount of pre-planning, it is what results in the time and cost savings for the project and allows for buildings to be erected in high-traffic, small footprint areas, as there is no material stored on site. Tall wood and pre-fabrication Pre-fabrication is an essential element the construction of mass timber buildings. For example, this process was utilized at the recently completed Brock Commons at UBC, the world’s largest tall wood building. The 18-storey mass timber structure will be a student residence building, housing more than 400 students when it is completed in May 2017. Structurlam provided 169 mm, 5 layer CLT panels measuring 2.9 x 11.8 m for floors, along with glulam columns for the building’s interior. Steel connectors allowed the building to be put together quickly and safely. The steel connectors allowed for a direct load transfer between columns and also provided a bearing surface for CLT panels. The seamless construction of this record-breaking project was well served by pre-fabricating the pieces. Benefits of pre-fabrication Pre-fabrication can be realized for any size or scope of project, from record-breaking towers to multi-family homes in dense urban areas; no matter the project the benefits will be the same: · Fast assembly: Perfect pieces delivered in order allows for an efficient and quick assembly; this can minimize the total schedule duration of a project. · Cost-effective: Pre-fabricating the pieces reduces waste and allows for a fast assembly, cutting down on costs and encouraging efficiency across the trades. · Safer work site: Many tasks are accomplished in Structurlam’s shop, removing the need for complicated work to be undertaken on site or at jarring heights. · Reduced labour on site: Prefabrication ultimately requires less people on site to install the structure. · Higher quality: Critical elements of the building are completed in a controlled shop environment. An organized and efficient construction site is ultimately dependent on how well the trades involved work together. Incorporating pre-fabrication supports these efforts and encourages collaboration and close working relationships from the onset of the project. Utilizing the impressive power of pre-fabrication serves projects of all sizes and delivers tremendous benefits across the board. Photos//Structurlam Photos//Structurlam View the embedded image gallery online at: https://www.woodbusiness.ca/index.php?option=com_k2&Itemid=1&lang=en&layout=latest&view=latest#sigProGalleriafe6aac1396
Jan. 3, 2017 - German supplier Siempelkamp Maschinen- und Anlagenbau GmbH increases its stake in Pallmann Maschinenfabrik GmbH & Co. KG to 75 per cent.In the range of services offered by the Siempelkamp Group, Pallmann plays an important role as the specialist for size-reduction technology and preparation systems. For plant operators from the wood-based materials industry, size-reduction equipment and preparation systems belong to the in-demand scope of supply. The main benefit for the customers: precision technology for the production of higher quality strands, flakes, and fibrous materials and the expertise in the ever more important area of recycling.The Krefeld machine and plant engineering specialist therefore decided to continue the integration of the company from Zweibrücken. The 45-per cent increase in shareholding in Pallmann Maschinenfabrik GmbH & Co. KG and Ludwig Pallmann Verwaltungsgesellschaft mbH, last recorded in the beginning of 2016, was increased by Siempelkamp as of Dec. 15, 2016 to 75 per cent.The taking over of a majority holding by the Siempelkamp Group was followed by a reorganization of the management of Pallmann Maschinenfabrik GmbH & Co. KG.Dipl.-Kfm. Stefan Wissing, to date spokesman of the management of Siempelkamp Maschinen und Anlagenbau GmbH, was appointed spokesman of the management of Pallmann Maschinenfabrik GmbH & Co. KG with effect from Dec. 15, 2016.At the same time, as the spokesman of the worldwide operating Siempelkamp Logistics & Service GmbH, Mr. Wissing is responsible for the entire service business of the Siempelkamp Group.At the end of 2016, Dr.-Ing. Hans Fechner and Dr. Claus Maack are stepping down from the management of Pallmann Maschinenfabrik GmbH & Co. KG.For 2017 many challenges are on the Pallmann agenda. We will focus on the process of fiberizing raw materials to fibers used in MDF production, the milling of raw materials to strands and flakes for particleboard and OSB production as well as the agglomeration process used in the production of insulation material. Thus, wood-plastic-composites made of wood flour and plastics or fiber-plastic-composites containing natural fibers from hemp or cork are produced. Under the heading “end of life tire”, the company furthermore will focus on the recycling of old tires.Zweibrücken is home to 120 size reduction machines in the in-house research and development center. With this equipment the team focuses on process improvements, further development of our machines, and testing new developments. Customers from all over the world use the Pallman center to carry out tests with our process engineers to develop innovations for their industries.The Siempelkamp Group is a supplier of technological equipment, and its three business units, Machine and Plant Engineering, Foundry Technology, and Engineering and Service, are oriented towards international markets. Siempelkamp Machine and Plant Engineering is a system supplier of press lines and complete plants for the wood-based materials industry, the metal forming industry, and the composites and rubber industry. Siempelkamp Foundry, one of the largest hand-molding foundries in the world, manufactures large cast components from cast iron with nodular graphite, with unit weights of up to 320 metric tons. Siempelkamp Engineering and Service specializes in the dismantling of nuclear facilities, and supplies transport and storage cask for radioactive waste. www.siempelkamp.com
Dec.15, 2016 – The future of North America’s oriented strand board (OSB) market is forecast to look up in 2017. And the continuation of that success lies on how balanced the OSB market proves to be in the next few years. Wood Markets’ five-year outlook report has analyzed the data. As our forecasts have warned over the past few years, the timing of increased OSB supply — from the restarting of another seven curtailed OSB mills and two greenfield mills that will come on stream at some point in 2017-2021 — will determine the exact trend in prices over the forecast period. The forecast shows that OSB demand should increase by over 6 billion sf between 2016 and 2021 – that balances relatively well with the expected new capacity additions and normal annual incremental production gains. However, the exact timing of new capacity installations and their start-up date relative to rising demand will have the greatest impact on OSB prices – this “Goldilocks effect” of trying to get the temperature right, or the balance of OSB supply versus demand, will create some price volatility at various times in the next five years. For OSB, this is nothing new, where prices could easily move by US +/-$50/Msf or more in consecutive quarters. As a result, OSB prices are expected to improve in 2017, as demand remains strong and production tightens, before new mills start up. With five OSB mills scheduled to start up by the end of 2018, the pendulum is expected to swing later in 2018, to a temporarily over-supplied market at times. As a result, OSB prices could ease in 2018 and bottom out in 2019 until the incremental supply base is absorbed. After that, rising prices are again expected. Any potential delays in OSB mill capacity restarts will improve the whole market situation by minimizing any oversupply situations. The real question is: will any company’s strategy be to delay capacity restarts to allow for a better market situation, where their competitors who have restarted mills earlier will then benefit from this situation? History would suggest “no.” And the other question is: if the OSB market situation looks too good, will any new greenfield mills be announced to create more over-supply issues? Forecast Highlights: • U.S. South OSB production is forecast to almost meet the previous OSB peak production volume (of 2007) in 2017 – moving from 2016’s anticipated 11.2 billion sf to over 15 billion sf in 2021 (+7% annually from 2016). • A growing concern will be the raw material supply and costs for existing, restarted and new OSB mills, particularly in the U.S. South. The rapid expansion of wood pellet manufacturing plants continues to rise at a very fast rate where some of the new pellet capacity as well as sawmill expansions (that take advantage of soaring lumber prices after Canadian export duties kick in) will both compete directly with OSB mills for pulp logs and small SYP sawlogs • If new wood biomass competitors in the U.S. South drive raw material supply prices higher, Canadian OSB mills may develop a raw material cost advantage (over and above the lower Canadian dollar), relative to U.S. South mills, and could gain market share. • The strength of the U.S. dollar versus most global currencies, combined with increasing US demand, will drive imports from Canada and attract more offshore supply higher over the forecast period. • Canadian OSB exports are forecast to increase from 6 billion sf in 2016 to 7.6 billion sf by 2021 — 28% increase over this five year period, with 98% going to the strong U.S. market. • From an estimated 8 billion sf in 2016, Canadian OSB output is forecast to rise to over 10 billion sf in 2021 — an average annual increase of 5.6% from 2016 to 2021. Full details of the five-year outlook for the U.S. and Canada’s lumber and panels consumption, imports, exports, production and price trends are available in Wood Markets 2017 – The Solid Wood Products Outlook – 2017 to 2021.
Aug. 14, 2017 - The owner of Precision Custom Remanufacturing in west Abbotsford, B.C., is crediting firefighters for preventing a fire that broke out on the property last week from destroying a $1.2-million thermal kiln.
Aug. 10, 2017 - The low Canadian dollar as well as acquisitions helped Stella-Jones post a sales increase of 5.5 per cent from last year's number in Q2.
Aug. 3, 2017 - Litco International, Inc. announces the publication of a new white paper: A Comparison of Pallet Strength and Functionality. The 12-page white paper, authored by Dr. Marshall White, provides detailed analysis comparing Litco's Inca molded pallets to GMA-style, new and repaired, traditional nailed wood pallets for one-way shipping.
July 18, 2017 - Hardwoods Distribution Inc., through its subsidiary Rugby Holdings LLC, has purchased substantially all of the assets and assumed certain liabilities of Downes & Reader Hardwood Company Inc. for a total value of US$6.0 million.
July 10, 2017 - Weston Forest has acquired Great Northern Lumber of Michigan, the company's first acquisition of U.S. assets.
July 6, 2017 - Have you ever considered building a log cabin by hand? Log Cabin Hub has all the information you need to make it happen. The website lists, in detail, the steps needed to make a log cabin from scratch, including consideration of costs, zoning laws and building codes.
June 12, 2017 - Quadra Wood Products, a cedar remanufacturing company based in Abbotsford, B.C., is not unlike the wood it processes: weather resistant.
March 22, 2017 - Hardwoods Distribution Inc. has announced financial results for the three months and full year ended December 31, 2016. Hardwoods is North America's largest wholesale distributor of non-structural architectural grade building products to the residential and commercial construction markets, with a strong US and Canadian distribution network.Highlights (For the three and twelve months ended December 31, 2016) On July 15, 2016, Hardwoods acquired Rugby Architectural Products ("Rugby") for a purchase price of US$107 million. Revenue increased 69.8% in the fourth quarter and 38.1% for the full year, compared to the same periods in 2015. The Company increased gross profit by 74.2% in the fourth quarter and by 44.3% in the 12-month period, compared to the same periods in 2015. Fourth quarter Adjusted EBITDA climbed 42.6% to $10.9 million, and full-year Adjusted EBITDA increased 32.6% to $46.1 million. Fourth quarter profit increased 47.4% to $6.6 million, while full-year profit climbed 18.4% to $23.9 million. Fourth quarter adjusted diluted profit per share increased to $0.29, while full-year adjusted diluted profit per share increased to$1.33. The Board of Directors approved a quarterly dividend of $0.0625 per share, payable on April 28, 2017 to shareholders of record as at April 17, 2017. "We achieved record top and bottom line results in 2016 as we benefited from the addition of Rugby Architectural Building Products and generated organic growth in mixed market conditions," said Rob Brown, President and CEO."The Rugby acquisition was the highlight of the year and has already proved accretive to our results with adjusted diluted profit per share growing 10.8% to $1.33 in 2016, from $1.20 in 2015. Rugby is a large and successful US wholesale distributor of architectural grade building products to customers that manufacture end-product to the commercial market. With the addition of Rugby's 28 distribution facilities, Hardwoods has emerged as the number one North American distributor in our sector with a total of 58 distribution facilities, more than 35,000 customers and a pro forma annual sales of approximately $1 billion. During the five-and-a-half months we operated this business in 2016, Rugby contributed revenues of $175.1 million."Organic growth accounted for $20.4 million of Hardwoods' year-over-year sales growth. Foreign exchange was also a factor in the Company's performance, but affected the fourth quarter and full-year periods differently. Results for the three months ended December 31, 2016 were negatively impacted by a decrease in the value of the US dollar compared to the Canadian dollar, while full-year results were positively impacted by a strengthening in the average value of the US dollar during that period. A stronger US dollar benefits the Company by: i) increasing the value of sales and profits earned in the US operations when translated into Canadian dollars for financial reporting purposes; ii) increasing the selling price of US dollar-denominated products sold to Hardwoods' Canadian customers; and iii) improving the export competitiveness of the Company's Canadian industrial customers, many of whom have the capability to sell their manufactured products in the US."Our global product sourcing and commercial market strategies continue to play an important role in our business. We have the size, scale, and strong balance sheet position to pursue growth by acquisition, and the highly fragmented nature of the US architectural building products distribution industry provides numerous opportunities. We will continue to pursue opportunities that take us into new US markets, expand our presence in existing markets, and that can be added on an accretive basis for shareholders."On March 13, 2017 the Company acquired Eagle Plywood and Lumber ("Eagle") for a purchase price of US$0.4 million plus up to an additional US$0.2 million subject to future sales performance. "The Eagle acquisition is an example of our ability to expand our presence in an existing market," said Mr. Brown. "We've now completed five successful acquisitions in the past five and a half years and have a demonstrated ability to achieve profitable growth in this way," Mr. Brown concluded.OutlookThe recent change in US government administration is expected to usher in new approaches to trade and economic growth in the US. While it is still too early to identify what specific policies will be implemented or how they will impact the US economy, proposals for a large infrastructure spending program, a reduction in the corporate tax rate, and a more protectionist approach to trade, including the potential for a border adjustment tax (BAT), have been discussed.With 85% of its operations now domiciled in the US, Hardwoods is positioned to benefit from policies that stimulate the US economy or prove generally positive for business. Conversely, the Company could be negatively impacted, at least in the near term, by trade decisions that affect its import program. As discussed in Hardwoods' press release of November 21, 2016, a trade case has been initiated in the US with respect to imported hardwood plywood from China. Although Hardwoods sells more domestically sourced hardwood plywood than imported, approximately 11% of the Company's total sales could be affected by this case. In the event that trade duties are levied against hardwood plywood, this would impact the market for hardwood plywood in the US with the potential for significant changes in selling prices, margins, and/or product supply availability. Should the US government move to impose a BAT, similar effects could be seen on a wider range of import products and not just those from China. We are watching both the current trade case and broader US trade policy decisions closely, and have worked to secure a range of alternative supply solutions. Furthermore, we have increased our inventory balances and positioned ourselves to respond in the event significant changes occur.Notwithstanding the uncertainty around US trade and economic policy, Hardwoods' outlook for 2017 is positive. Gross profit margin as a percentage of sales is expected to remain above the levels Hardwoods has traditionally achieved, reflecting Rugby's higher-margin product mix. Operating expenses are also expected to be moderately higher due to Rugby's sales model. While EBITDA on a dollar basis is expected to benefit from increased sales, EBITDA as a percentage of revenue is expected to be moderately lower due to the increased operating expenses.On the market front, the unevenness and relatively slow growth experienced in the US residential construction market in 2016 is expected to continue into 2017. As a result Hardwoods expects organic growth to remain modest in the near term. Market fundamentals remain sound however, with US job growth and income levels gaining momentum. Harvard's Joint Center for Housing Studies report on the "state of the nation's housing" concluded that housing construction should average at least 1.6 million units a year over the next decade in order to replace older units and meet demand. With average housing starts at 1.2 million in 2016, there is considerable room for growth in this market, although it could take time to reach the 1.6 million level.In the non-residential construction market, the American Institute of Architects predicts moderate growth of 6.7% in 2017, with the strongest gains anticipated for the commercial sectors that Hardwoods focuses on.Strategically, the Company will continue to implement its strategies, including leveraging its excellent global product sourcing capabilities, capitalizing on opportunities in the commercial market and pursuing strategic acquisitions.The Board will continue to review Hardwoods' financial performance and assess dividend levels on a regular basis. However, the primary focus will be to retain the cash necessary to finance the significant market growth opportunity in the US and to keep the balance sheet strong, reduce debt and support future strategic acquisitions.Results from Operations - Year Ended December 31, 2016For the year ended December 31, 2016, total sales increased by 38.1% to $789.3 million, from $571.6 million in 2015. Of the $217.7 million year-over-year increase, $175.1 million, representing a 30.6% increase in sales, was driven by the addition of the Rugby operations, $20.4 million, representing a 3.6% increase in sales, was due to organic growth and $22.2 million, representing a 3.9% increase in sales, was due to the positive impact of a stronger US dollar when translating US sales to Canadian dollars for reporting purposes.Hardwoods' sales growth came primarily from its US operations, where sales activity increased by US$142.5 million, or 40.1%, toUS$498.2 million. Rugby, which was acquired on July 15, 2016, contributed sales of US$132.6 million. Organic growth accounted forUS$9.9 million of the US sales uplift as Hardwoods increased sales volumes in response to higher demand and yielded sales gains from its strategy of leveraging import products and strengthening sales into commercial construction accounts. Sales in Canadaincreased by $13.1 million, or 11.2% in 2016, reflecting Hardwoods' success in winning new business, as well as the positive impacts of a stronger US dollar.Gross profit for the 2016 year increased 44.3% to $143.8 million, from $99.6 million in 2015. This gain reflects the increased sales, together with a higher gross profit margin. As a percentage of sales, gross profit margin increased to 18.2%, from 17.4% in 2015.Full-year operating expenses increased to $104.9 million, from $67.4 million in 2015. The increase includes $29.3 million of Rugby operating expenses, $2.4 million of transaction expenses related to the Rugby acquisition, a $3.0 million increase in expenses due to the impact of a stronger US dollar on translation of US operating expense, and $2.7 million of added costs to support organic growth. As a percentage of sales, annual operating expenses were 13.3%, compared to 11.8% in 2015.Adjusted EBITDA for 2016 increased to $46.1 million, from $34.8 million in 2015. The 32.6% gain primarily reflects the $44.1 millionincrease in gross profit, partially offset by the $32.8 million increase in operating expenses (before expenses related to the Rugby acquisition and before an increase in depreciation and amortization). Adjusted profit for the period increased 26.0% to $25.4 million, from $20.1 million in 2015. The year-over-year increase reflects the higher Adjusted EBITDA partially offset by a $1.4 million increase in income tax expense, a $1.6 million increase in net finance costs, and a $2.2 million increase in depreciation and amortization. Depreciation and amortization in 2016 includes $0.9 million intangible assets amortization relating to customer relations acquired in connection with the acquisition of Rugby.A more detailed discussion of the Company's financial performance can be found in Hardwoods' 2016 Management's Discussion and Analysis (MD&A). The MD&A will be posted, along with the Company's audited financial statements, on SEDAR (www.sedar.com) and on the Company's website (www.hardwoods-inc.com) on or before March 17, 2017.Results from Operations - Three Months Ended December 31, 2016For the three months ended December 31, 2016, total sales increased by 69.8% to $239.4 million, from $141.0 million in Q4 2015. Of the $98.4 million year-over-year increase, $93.5 million, representing a 66.3% increase in sales, was due to Rugby's operations and$5.8 million, representing a 4.1% increase in sales, was due to organic growth. The sales gain was partially offset by a $0.9 millionnegative foreign exchange impact resulting from a stronger Canadian dollar, representing a 0.6% decrease in sales.Hardwoods' US operations, which accounted for approximately 85% of fourth quarter revenues, increased sales by US$71.3 million, or 84.5%, to US$155.7 million. The Rugby operations contributed US$70.1 million of this increase, with the remaining increase related to organic growth.Sales in Canada, which comprised approximately 15% of fourth quarter revenues, grew by $3.6 million, or 12.9%, to $31.7 million. The improvement in Canadian sales reflects Hardwoods' success in winning new business.Fourth quarter gross profit increased to $43.5 million, an increase of 74.2% from $25.0 million in Q4 2015. The year-over-year improvement reflects higher sales revenue combined with a higher gross profit margin from both the Rugby and Hardwoods operations. As a percentage of sales, fourth quarter gross profit margin increased to 18.2%, from 17.7% in Q4 2015.Operating expenses for the three months ended December 31, 2016 were $34.8 million, compared to $18.0 million in Q4 2014. This increase primarily reflects Rugby operating expenses of $16.3 million, $0.1 million of transaction-related expenses, and $0.5 million of added costs to support organic growth. These increases were partially offset by a $0.1 million decrease in expenses due to the impact of a stronger Canadian dollar on translation of US operating expenses. As a percentage of sales, operating expenses increased to 14.5% from 12.8% year-over-year, primarily reflecting Rugby's higher ratio of operating expenses as a percentage of sales.Fourth quarter Adjusted EBITDA increased 42.6% to $10.9 million, from $7.7 million in Q4 2015. The $3.3 million gain reflects the increase in gross profit, partially offset by higher operating expenses (before expenses related to the Rugby acquisition and before an increase in depreciation and amortization). Profit for the period increased 47.4% to $6.6 million, from $4.5 million during the same period in 2015. The year-over-year increase reflects the higher Adjusted EBITDA and a $1.1 million decrease in income tax expense, partially offset by a $0.8 million increase in net finance costs and a $1.4 million increase in depreciation and amortization. Depreciation and amortization includes $0.9 million intangible assets amortization relating to customer relations acquired in connection with the acquisition of Rugby.
March 2, 2017 - Georgia-Pacific Wood Products LLC (GP) announced that it has signed a patent license agreement with Huber Engineered Woods LLC (HEW) to settle litigation related to GP's ForceField System products. HEW, the maker of ZIP System branded products, has a portfolio of patents and related pending applications for a structural roof and wall system incorporating water resistant and air barrier technologies that streamline the weatherization process. These technologies provide an advantaged means to weatherize a home. The confidential settlement terms grant to GP a license to offer its ForceField System products with the payment of an undisclosed upfront amount and ongoing royalties. "Our license with Huber provides GP with the flexibility to meet our customers' needs for products that install more quickly than house wrap," said Clarence Young, vice-president of oriented strand board (OSB) at Georgia-Pacific Wood Products. "We are pleased to bring closure to the lawsuit with Huber so that we can continue to serve our customers with innovative products that solve real challenges in the building community," added Young. For additional information regarding the ForceField System, visit www.gpforcefield.com.
Feb. 13, 2017 - Ever had your eyes glued to the screen watching elaborate cottage and cabin renovation shows? Well Log Cabin Hub magazine has created an infographic offering a peek at log homes that go beyond your typical, humble abode. Belonging to public figures ranging from Ralph Lauren and Paul McCartney, all the way to Oprah Winfrey and Queen Elizabeth II, here are 20 log cabins of the rich and famous:(Click on the image below and expand to see the full list.) Infographic//Courtesy of Log Cabin Hub Infographic//Courtesy of Log Cabin Hub View the embedded image gallery online at: https://www.woodbusiness.ca/index.php?option=com_k2&Itemid=1&lang=en&layout=latest&view=latest#sigProGalleria3609fdb794
Jan. 26, 2017 – Canadian forest products company Western Forest Products (WFP) is permanently closing its South Vancouver Island remanufacturing plant. The announcement came on Wednesday and follows WFP’s plan to strengthen the company through recapitalization and consolidation. WFP’s goal is to become a global competitor, according to a statement. The statement also mentions that all employees of the consolidated South Vancouver Island plant have either received compensation or been located to other facilities within WFP. WFP also consolidated its sawmills in Nanaimo, B.C. in October 2014. President and CEO Don Demens said that the decision was also part of the strategy to make WFP more competitive worldwide. “This strategy involves the evaluation of new market programs and operating configurations designed to improve our operating results," Demens said. According to the company, “Since 2011, Western has invested over $260 million in recapitalizing its coastal operations, including more than $94 million in strategic investments towards upgrading technology, with a focus on reducing costs while maintaining product flexibility.”
Jan. 16, 2017 - Stella-Jones Inc. has provided preliminary unaudited results for the fourth quarter and fiscal year ended Dec. 31, 2016. These preliminary results are based on information available to the company as of Jan. 13, 2017 and are subject to revision upon finalizing the audit of Stella-Jones' annual consolidated financial statements. Financial results for the fourth quarter and fiscal year ended Dec. 31, 2016 will be reported on March 17, 2017.Stella-Jones is providing this update to inform of lower year-over-year financial results in the fourth quarter. For this period, the company is currently anticipating sales in the range of $340.0-$342.0 million, compared with $357.5 million last year, while operating income is expected to be between $27.0 and $29.0 million, versus $48.3 million a year ago.2016 will mark the sixteenth consecutive year of sales and net income growth for Stella-Jones. For the fiscal year ended Dec. 31, 2016, consolidated sales are expected to show a year-over-year increase of nearly 18.0 per cent, reaching close to $1.84 billion, while operating income should be between $232.0 and $234.0 million, up from $220.1 million last year.The year-over-year decrease in sales and profitability in the fourth quarter of 2016 was primarily driven by lower railway tie demand at the end of the year, as anticipated in management's discussion and analysis for the third quarter of 2016. For the current fiscal year, total sales and operating margins are expected to remain comparable to 2016, assuming stable currencies.
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