Blog Archives

Special Feature

New Report Highlights Forest Sector’s Vital Role in Strengthening Canada’s Economy from Coast to Coast

By Derek Nighbor, President and CEO
Forest Products Association of Canada
April 28, 2025
Category: Special Feature
Region: Canada

The Forest Products Association of Canada (FPAC) released a new national research report, titled Canada’s Forest Economy: An Analysis of the National Supply Chain and Community Investment Impact, which underscores the forest sector’s vital contributions to Canada’s economy, rural development, and urban sustainability. Produced with the expertise of iTOTEM Analytics and in partnership with BC Council of Forest Industries (COFI) – the report highlights how 19 leading forest products companies in Canada are sustaining a network of 30,000 vendors spanning approximately 1,595 municipalities nationwide.

Together, these partnerships generated $14.9 billion in supply chain expenditures in 2022 alone, demonstrating a compound annual growth rate of 9.5% since 2020. In alignment with the First Nations Major Projects Coalition Conference Valuing Reconciliation in Global Markets happening this week, the forestry sector is deeply invested in partnering with Indigenous communities across the country and learning more on how reconciliation strengthens both commercial success & project sustainability.

“The forest products sector touches every corner of Canada,” said FPAC President and CEO Derek Nighbor. …Beyond supply chain expenditures, the study also revealed that between 2020 and 2022, the forest sector made $39.2 million in community investments – supporting over 2,000 organizations across 380 communities with funding for health, education, public amenities, and Indigenous initiatives. “As our sector continues to evolve, this research helps shine a light on the outsized and interconnected role that Canada’s forest sector, along with our commitment to growing the economy and building strong partnerships across rural and urban communities alike, plays in Canada’s national economy,” added Nighbor.

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Opinion / EdiTOADial

Replacing Canadian lumber imports with US production would take a decade (at least) and cost more than $10 billion: ERA

By Kevin Mason, Managing Director
ERA Forest Products Research
May 5, 2025
Category: Opinion / EdiTOADial
Region: Canada, United States

Kevin Mason

The US administration’s goal is clear: reduce imports and boost domestic manufacturing of wood products. Eliminating lumber imports would require an additional ~14Bbf of US domestic lumber production, representing a 40% increase on current production. …The big challenge in the Pacific Northwest (PNW) is that key infrastructure is missing: logging infrastructure, sawmill infrastructure and human resources. Logging infrastructure would require increasing logging employment, and that has been on a downward slope for decades as young people find other, similarly paid work more attractive. Third-party contractors could provide logging (and permitting) support, but they would face the same problems of scaling up. Harvest restrictions since 1994 have resulted in large-diameter timber now so the logs are no longer an appropriate size for local mills. Also, roads need to be built.

Unlike in the PNW, federal lands in the South have remained active suppliers of timber, along with other willing timber suppliers (including REITs and private landowners). …If the U.S. were to replace all (or the majority) of lumber imports, we would expect to see new supply coming from the South. …Replacing imports would take a decade, at least, and cost more than $10B for sawmills alone (potentially much higher with escalating costs for steel, machinery, etc.). We also highlight challenges, albeit different ones from the PNW. Investment is a big one. In an uncertain global macroeconomic environment, we do not expect to see major capital investment announcements. …Another big challenge is end-market demand from housing activity. If construction materials and labour costs rise meaningfully on tariff and immigration policies, affordability will decline and the near- term rationale for capital investment will be eroded—even if tariffs have forced housing prices higher (i.e., the stagflation scenario).

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Business & Politics

Trump and Canada’s Carney to hold high-stakes meeting amid tariff war, takeover threat

By Justin Gomez, Michelle Stoddart & Alexandra Hutzler
ABC News
May 6, 2025
Category: Business & Politics
Region: Canada, United States

Donald Trump & Mark Carney

President Donald Trump and Canada’s Prime Minister Mark Carney meet on Tuesday at the White House for a high-stakes, and possibly tense, meeting amid a tariff trade war between the two neighbors and allies. The two leaders will greet each other at 11:30 a.m. ET and then hold a bilateral meeting in the Oval Office. Carney’s visit comes off the heels of his election win. After his victory, Carney warned Canadians: “Trump is trying to break us so that America can own us. That will never, that will never ever happen.” Trump, meanwhile, has taken relentless aim at Canada since returning to office in January. …Trump has said that Canada “wants to make a deal,” while Carney said that they will focus on “trade pressures and the broader future economic and security relationship.” …Trump and Carney’s face-to-face could yield progress on easing tariffs or strain the relationship even further.

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Domtar’s media-shy Indonesian owner plots more growth in Canada, says he’s willing to appear before Parliament

by Nicolas Van Praet
The Globe and Mail
May 4, 2025
Category: Business & Politics
Region: Canada

Jackson Widjaja

The foreign industrialist who controls Canada’s biggest pulp-and-paper company says he’s a “big believer” in this country and would welcome the opportunity to appear before Parliament to ease any concerns about his ownership. Jackson Widjaja, an Indonesian, says he launched Paper Excellence Group in Canada in 2006 because the country’s politics and regulatory environment are stable while its resources are “very rich.” And he says he intends to continue to invest here, as he aims to become the continent’s top pulp-and-paper producer. …The quick growth of his business empire has generated significant concern, centring on Paper Excellence’s documented ties to the Widjaja family’s other holdings – specifically Sinar Mas and its subsidiary Asia Pulp and Paper Group (APP). …The company lost its accreditation several years ago with the Forest Stewardship Council (FSC). …He said he’s confident that his team is doing everything it can to retain its FSC certification. Sustainability is “at the core of our business.” [to access the full story a Globe & Mail subscription is required]

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Navigating the Fog of Trump’s Trade War

By Kevin Lynch, former Canadian Deputy Minister of Finance
National Newswatch
April 30, 2025
Category: Business & Politics
Region: Canada, United States

Kevin Lynch

We are in a global crisis, once again. This time the cause is an attack on the global trading system by the US President. …Where this trade war ultimately takes us is unknowable at this moment, but what is clear is that the postwar global system of liberalized trade and rules-based international commerce has been demolished at the whim of the President. A system built over 70 years was left in tatters in less than 70 minutes. …Shortly we will begin to know more about how the global economy responds to these tariffs, their impacts on prices and costs and supply chains, and the uncertainty they have caused for firms, workers, consumers and investors. The chaos unleashed by Trump’s “Liberation Day” tariffs in all likelihood means we are headed towards stalled growth if not an outright recession. …Canada cannot afford a business-as-usual agenda in a world turned upside down. 

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Canada Seeks to Avoid Accountability from Unfair Trading in Softwood Lumber

The US Lumber Coalition
PR Newswire
April 30, 2025
Category: Business & Politics
Region: Canada, United States

Ongoing unfair trade practices by Canada’s lumber industry remain extremely harmful to US producers, workers, and their forest-dependent communities. Following recent confirmation by the Department of Commerce that those unfair practices have worsened, Canada now seeks to avoid accountability under US trade laws that could result in the Canadian industry paying additional duties of $1.3 billion based on 2023 alone. “Canada’s solution to a problem of its own making is to ask the US Administration for a bailout while seeking to avoid liability for the unfair trade practices,” stated Zoltan van Heyningen. “Canada and its US allies are attempting to use US border tax revenues paid by the very Canadian exporters as a handout to themselves and as a payoff to the US industry to drop its longstanding trade case against them.” …Andrew Miller, Owner of Stimson Lumber said, “this would spell disaster for US lumber producers, US lumber supply chains, and US workers.”

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90 Workers to be Laid Off Temporiarily at Quesnel River Pulp

By Teryn Midzain
My Cariboo Now
May 1, 2025
Category: Business & Politics
Region: Canada, Canada West

There will be a “temporary curtailment” at Millar Western Quesnel River Pulp, which will see around 90 workers laid off. Millar Western says the curtailment will start at the end of the day shift on May 16, until July 2. The company says the curtailment comes from market demand and issues, as well as the pressure from US tariffs. “We had a weakened market to start with for an extended period of time, with lower demand,” Brian McConkey, VP at Millar Western, says. “Then the new tariffs from China have only worsened our overall demand.” McConkey adds that it is not just Quesnel’s pulp mill going into curtailment; the Slave Lake Pulp and Whitecourt Pulp mills in Alberta will also experience temporary curtailment during the same period of time. An estimated over 200 workers between the three pulp mills will laid off temporarily. …McConkey adds Millar Western’s focus is to be back up with normal operations by July 2.

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Eby calls for ‘new era’ of cooperation with feds in letter to Carney

By Simon Little & Richard Zussman
Global News
May 1, 2025
Category: Business & Politics
Region: Canada, Canada West

David Eby congratulated Mark Carney on his election win and urged him to “commit to a new era of federal-provincial-territorial cooperation.” The missive comes following a campaign in which Carney positioned himself as best prepared to bolster Canada’s economy and sovereignty under the shadow of US President Trump’s tariff and annexation threats. Eby emphasized the need to break down interprovincial trade barriers, along with the need for a national response to Trump’s attacks on the forestry industry. The letter called for a “Team Canada” approach to US softwood lumber duties, which it said represent a serious threat to BC’s economy and workers. Such an approach must support affected workers while seeking to incorporate a new softwood lumber agreement in any trade deals reached with the U.S., it added. “We are under direct attack,” Eby said of the lumber duties, “We are under a national security investigation; it’s ludicrous.”

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Plenty of fun planned for Interior Logging Association’s 67th annual AGM and convention

Interior Logging Association
Castanet
April 30, 2025
Category: Business & Politics
Region: Canada, Canada West

KAMLOOPS, BC — There will be a forest of possibilities in Kamloops this weekend when Interior Logging Association hosts its 67th annual general meeting and convention. The family friendly event is free and open to the public, and it promises a plethora of fun on Friday (May 2) and Saturday (May 3) at the Powwow Grounds. It serves as a celebration of the forest industry and a showcase of its future. …The event will feature the second annual Big Truck Show and Shine, as well as a new tree falling competition that will be held virtually. Operators will compete against one another in a virtual logging simulator provided by Inland Truck & Equipment. …On the business side of things inside Coast Kamloops Hotel and Conference Centre, is BC Minister of Forests Ravi Parmar’s keynote address.

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BC business groups seek ‘drastic’ action on trade, tariffs following election

By Graeme Wood
Business in Vancouver
April 30, 2025
Category: Business & Politics
Region: Canada, Canada West

Kim Haakstad

BC business groups are calling on the new federal government to cut red tape, boost innovation and diversify trade as tariff pressures mount. Their wish list for the new federal government includes mandates for Canadian-made materials in capital projects, expanded tax credits and harmonized rules across provinces. “We need something drastic,” said Andrew Wynn-Williams, of the Canadian Manufacturers & Exporters. He said Canadian manufacturing is in a “crisis” after U.S. tariffs — both implemented and threatened — compounded already low rates of productivity in the sector. …Meanwhile, BC Council of Forest Industries CEO Kim Haakstad said the province’s competitiveness is in decline and new tariffs will only add fuel to the longstanding softwood lumber dispute with the US. …“[Prime Minister Carney] has a big capital spending plan, but we don’t have details on how wood is built into that,” said Haakstad, who suggested the feds tie funding for housing to such “wood-first” policies.

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Dispute over $6.7 million leads to closure of Kingsley Trucking

By Noi Mahoney
Freight Waves
April 28, 2025
Category: Business & Politics
Region: Canada, Canada West

Kingsley Trucking , a 46-year-old Canadian company has been put into receivership at the request of Royal Bank of Canada (RBC). …The Vancouver Island-based trucking company had more than 100 employees, including a fleet of 23 trucks and 41 drivers. Kingsley Trucking is related to the San Group, which is in a dispute with its lenders for over $150 million. The San Group sought creditor protection on Nov. 29, 2024. The San Group of Companies, which included Kingsley Trucking, was founded in 1979 by CEO Kamal Sanghera and President Suki Sanghera, along with partner Iqbal Deol. …RBC persuaded the court to add Kingsley Trucking to the proceedings in February, as well as another firm owned by the San Group called Cojax Heavy-Duty Repair. …In its petition to add Kingsley Trucking and Cojax Heavy-Duty Repair to the proceedings, RBC cited payments to the related companies leading up to the San Group’s CCAA filings in Canada.

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Northern Pulp mill seeks another extension to prepare for potential sale

By Sean Mott
CTV News
April 29, 2025
Category: Business & Politics
Region: Canada, Canada East

NOVA SCOTIA — The Northern Pulp mill, which has been under creditor protection after it shut down more than four years ago, is seeking its second extension on a stay of proceedings this year. Northern Pulp announced it filed documents requesting the extension under the Companies’ Creditors Arrangement until July 18. The company had previously requested an extension until early May, which Minister of Natural Resources Tory Rushton said the provincial government would approve. “The company will use this time to further advance preparations for a potential sale of its assets, should a new mill not be feasible,” the company said. “Additionally, Northern Pulp will continue discussions with various stakeholders and rights holders regarding the feasibility of establishing a new bioproducts hub in Liverpool, Nova Scotia.” The company previously said designing and building the bioproducts hub could cost more than $2.5 billion. …The hearing for the extension request is scheduled for Friday.

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New Brunswick premier’s internal trade moves don’t touch industry protection

By Jacques Poitras
CBC News
April 28, 2025
Category: Business & Politics
Region: Canada, Canada East

Premier Susan Holt’s bold talk about “eliminating” and “tearing down” interprovincial trade barriers still has a long way to go before it catches up with economic reality. …The two MOUs recently signed by New Brunswick say provinces will “build on” existing legislation, “strive to” open up trade, “encourage” other provinces to join in and “identity options” for harmonizing provincial regulations. …But so far she has not touched the big ones. Provincial policies require forestry companies licensed to cut wood on Crown land to sell that wood to mills within the province, for example. Kim Allen, with Forest NB, says those policies have created an integrated forestry sector that ensures there is enough wood to keep those mills running.  …”It is the province’s largest economic driver, so changing the flow of Crown wood could impact the value of the raw product that’s flowing out of the province… and put manufacturers at risk.

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Kimberly-Clark to Invest Over $2 Billion in US Manufacturing

Yahoo Finance
May 2, 2025
Category: Business & Politics
Region: United States

Kimberly-Clark Corporation announced plans to invest over $2 billion over the next five years in its North America business, marking the company’s largest domestic expansion in more than 30 years. …The broad-based investment program will focus on two projects: a new advanced manufacturing facility in Warren, Ohio, and an expansion of its Beech Island, South Carolina, site with an automated distribution center. It will also include additional capital expenditure linked to innovation and automation upgrades across its North America supply chain network. Kimberly-Clark expects the projects to create more than 900 jobs. The new Ohio facility will serve as a hub for the Northeast and Midwest regions. …Construction for both facilities is scheduled to begin in May 2025 and expected to be completed over the next two to three years.

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Smurfit Westrock announces capacity reductions and facility closures in the US and Germany

Smurfit Westrock
April 30, 2025
Category: Business & Politics
Region: United States, International

DUBLIN — Smurfit Westrock announced it will permanently close its coated recycled board (CRB) mill in St. Paul, Minnesota, US and will discontinue production at its containerboard mill in Forney, Texas. The specialty coating facility at Forney will not be impacted. As a result, the Company’s containerboard and CRB capacity is expected to reduce by over 500,000 tons. Smurfit Westrock has also initiated consultations with local works councils in Germany with a view to permanently closing two converting facilities there. Approximately 650 employees in the US and Germany will be impacted as a result of these closures. …“While closing facilities is never an easy decision, it is based on a realistic expectation of current and future capacity needs, operating costs and an unrelenting focus on improving our business,” said Tony Smurfit, President & Group Chief Executive Officer, Smurfit Westrock. 

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US Lumber Dealers Advocacy Update on America’s Trade Policy

The HBS Dealer
May 1, 2025
Category: Business & Politics
Region: United States

Early on, the National Lumber Building Material Dealers Association (NLBMDA) called on the White House to exclude additional tariffs on lumber and building materials imports. On April 2, the administration granted an exclusion for lumber imports, which the NLBMDA views as a major win for the industry. While there remains a long road ahead, and the tariff issue remains unclear. …NLBMDA championed advocacy for the Fix Our Forests Act, which passed the House of Representatives earlier this year and has received bipartisan support and official introduction in the Senate. This legislation aims to make meaningful strides toward protecting regions most susceptible to wildfires. NLBMDA has also supported the Disaster Reforestation Act, a bill that allows forest owners to deduct the value of lost timber, and the Jobs in the Woods Act, a comprehensive workforce development initiative equipping the next generation with the training necessary to enter the lumber industry.

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American Kitchen Cabinet Alliance urges strong action in Section 232 investigation

By American Kitchen Cabinet Alliance
GlobeNewswire
April 30, 2025
Category: Business & Politics
Region: United States

WASHINGTON, DC — The American Kitchen Cabinet Alliance (AKCA) recently submitted formal comments as part of the Section 232 investigation on Timber, Lumber and Derivatives (including cabinets). Unfairly traded cabinet imports many of them sold at prices that are often over 60% below that of the domestic market are flooding into the US. …“American cabinet manufacturing plants cannot compete with foreign countries flooding the market with unfairly traded cabinets which has resulted in an estimated $6.5 billion in lost revenue to the domestic industry over the last five years,” remarked Perry Miller, President of Kountry Wood Products. “Foreign imports primarily from Cambodia, Malaysia, Mexico, Thailand, Vietnam that are heavily subsidized are destroying American cabinet jobs. …“The domestic cabinet industry is on the brink of collapse. “We are asking for a Section 232 tariff of at least 60%, to level the playing field and stop the cheating as we seek to protect over 250,000 American jobs.”

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Trump administration opens national security probe into imported commercial trucks

By David Shepardson
Reuters
April 23, 2025
Category: Business & Politics
Region: United States

WASHINGTON – The US Commerce Department said on Wednesday it is opening a probe into national security impacts of imports of medium-duty and heavy-duty trucks and related parts into the United States. The “Section 232” investigation could form the basis of grounds to impose new tariffs on work trucks, buses, vans and other larger vehicles. Tariffs would hurt Mexico, as it is the largest exporter of trucks to the US. …Canada and Japan are also large exporters of larger trucks to the US. The Commerce Department is seeking public comment by mid-May on the extent to which domestic production of trucks and truck parts can meet domestic demand. …It also wants comments on the impacts on prices “due to foreign unfair trade practices and state-sponsored overproduction”. …Higher tariffs on commercial vehicles could put pressure on transportation costs.

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Greif to close Los Angeles mill, end West Coast coated paperboard production

Yahoo Finance
May 1, 2025
Category: Business & Politics
Region: United States, US West

LOS ANGELES, California — Greif announced Thursday that it intends to close a paperboard mill in Los Angeles this summer. Approximately 72 employees will be affected by the closure, which is slated for June. “Closing this facility was not an easy decision, especially knowing the effect it has on our team members, their families, and the surrounding community,” said President and CEO Ole Rosgaard. The mill produces coated recycled paperboard and uncoated recycled paperboard, and its closure will result in removing an estimated 50,000 tons of CRB and 22,000 tons of URB capacity from the company’s system. This move also will cease Greif’s coated paperboard production on the West Coast. The Los Angeles mill closure is due to increased costs and limited integration opportunities, the company said.

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Plywood mill will close near Hood River, lay off 81

By Mike Rogoway
Oregon Live
May 2, 2025
Category: Business & Politics
Region: United States, US West

BINGEN, Washington — A plywood mill in the southern Washington city of Bingen will close next month and lay off all 81 workers, the plant’s operator said Thursday. The SDS facility has been operating — with occasional stoppages — since 1949. It uses older equipment, according to Wilkins, Kaiser & Olsen, which was part of a consortium of firms that acquired the mill in 2021. “Regrettably, the long-term challenges and the magnitude of the required investment render continued operation unsustainable,” the mill’s operators said. An adjacent stud mill, planer mill and marine facility will continue operating. Bingen is a small city just across the Columbia River from Hood River. WKO and an affiliated business, Mt. Hood Forest Products, are adding 60 full-time positions to increase their output by 35%. The firms said they will consider hiring some of the laid-off workers.

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Oregon Senate Bill would create program for lumber graders

By Bill Bradshaw
La Grande Observer
April 28, 2025
Category: Business & Politics
Region: United States, US West

SALEM, Oregon — The Oregon Senate on Monday passed a bill to establish a lumber-grading pilot training pilot program. “This bill opens the door for small sawmill operators to participate in local housing solutions,” said Sen. Todd Nash, R-Enterprise, the bill’s sponsor. “Forty years ago, Eastern Oregon had 69 mills. Today, only seven remain. This is a practical step to support rural economies and increase housing options using locally sourced materials.” Senate Bill 1061, otherwise known as the Oregon Forests to Homes Act, would operate through Oregon State University’s Extension Service, in partnership with the Department of Consumer and Business Services. …Once certified as a grader, a mill owner could sell his lumber directly to a builder. Certified small sawmill operators will be able to sell lumber directly to homeowners or their agents for use in single-family homes or duplexes.

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Georgia-Pacific to Close Emporia Plywood Facility in Virginia

Georgia Pacific
May 2, 2025
Category: Business & Politics
Region: United States, US East

ATLANTA, Georgia – Employees at the Emporia Plywood mill in Emporia, Virginia, were told that Georgia-Pacific will permanently close the plant. Approximately 550 jobs will be impacted. Normal operations will cease May 2 – and the site will be permanently closed on July 1. Georgia-Pacific will provide all affected employees with at least 60 days’ pay with benefits in accordance with WARN. Housing affordability challenges and a 30-year low in existing home sales are impacting our plywood business, as many of our plywood products are used in repair and remodel projects, which often occur when homes change ownership. To align with current demand, we are reducing our production capacity. A decision on the facility and property will be made at a later date.

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International Paper Celebrates the Groundbreaking of Greenfield Packaging Facility in Waterloo, Iowa

By International Paper
PR Newswire
May 2, 2025
Category: Business & Politics
Region: United States, US East

MEMPHIS, Tennessee — International Paper announces the groundbreaking of its new state-of-the-art sustainable, packaging box plant in Waterloo, Iowa. …Located in the heart of the Midwest, the new facility will primarily focus on serving the protein segment, providing tailored packaging solutions and meeting the growing demand for high-quality, sustainable packaging. …The Waterloo box plant will feature cutting-edge technology and equipment, enabling International Paper to deliver innovative and sustainable packaging solutions. …The new facility is currently scheduled to begin operations in the fourth quarter of 2026 and create an estimated 65 new jobs to the current facility with a total of 190 team members.

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Judge Allows Lawsuit Against Mississippi River Commission To Proceed

By David Murray
The Waterways Journal
May 2, 2025
Category: Business & Politics
Region: United States, US East

A federal judge in Jackson, Mississippi, issued an order April 28 allowing a lawsuit by a newspaper publisher and lumber company against the Mississippi River Commission (MRC) to proceed. The lawsuit alleges a lack of transparency in meetings. The suit was originally filed in September 2024. Emmerich Newspapers Inc., which publishes dozens of publications across Mississippi, Louisiana and Arkansas, sued the MRC over what it claimed were secret meetings where proper records were not kept and the public was not notified or admitted. Emmerich was joined as plaintiff by a lumber company that manages hundreds of acres alongside the Mississippi River. The lumber company claims the Corps of Engineers’ decisions on flood control, informed by advice from the MRC, adversely affect its properties. The judge’s decision allows the lawsuit to proceed without ruling on the merits of the allegations.

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Missouri lumber businesses struggle to find stability amid Trump tariffs

By Caden Michaels
KOMU 8 News
May 1, 2025
Category: Business & Politics
Region: United States, US East

FAYETTE — Missouri’s lumber exports have taken a major hit, with more than half of international shipments grinding to a halt in the wake of tariffs enacted under President Donald Trump’s administration. Industry leaders say the effects are already being felt statewide. The Missouri Forest Products Association says demand for lumber is declining both domestically and internationally, driving down market prices and straining businesses that rely heavily on exports. “About 60% of the material produced here in Missouri is exported to China,” said Brian Brookshire, the Missouri Forest Production Association’s executive director. Brookshire said the lack of international exports is causing problems for the market. …With international demand shrinking, one lumber company in Fayette said it is seeing shipments stall and backlogs grow. The MOPAC Lumber Company said the uncertainty surrounding the tariffs has thrown previous export plans into chaos.

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Builders FirstSource Releases 2025 Corporate Social Responsibility Report

By Builders FirstSource
Business Wire
April 30, 2025
Category: Business & Politics
Region: United States, US East

IRVING, Texas — Builders FirstSource announced that it has published its 2025 Corporate Social Responsibility (CSR) report, highlighting how the Company aligns and advances sustainability within its business strategy to deliver value for its customers, team members, and stakeholders. …Highlights from the 2025 CSR report include: Delivered an industry-leading total recordable incident rate of 1.39, a year-over-year reduction of 10%, meeting our 10% annual goal >60% of the Company’s facilities were accident-free in 2024. …~89% of the Company’s wood is from Sustainable Forestry Initiative (SFI) or Forest Stewardship Council (FSC) certified vendors >7.5 million trees saved since 2019 through sales of the Company’s more efficient manufactured products. …We continued to provide innovative products and solutions allowing our customers to operate more sustainably. Our safety-always mindset is a core value embedded in our culture and operations,” said Peter Jackson, CEO.

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J.C. Snavely & Sons celebrates 90 Years with Lumbermens Merchandising Corporation

LBM Journal
April 29, 2025
Category: Business & Politics
Region: United States, US East

Steve Snavely

J.C. Snavely & Sons, established in 1878, has served Lancaster, Pennsylvania for over 145 years. This family-owned business, now led by fifth generation President Steve Snavely, supplies building materials, millwork, lumber, and drywall while helping establish the sixth generation. With two locations, the company caters to various business and commercial projects. J.C. Snavely & Sons has stayed strong by sticking to its values, leadership, and keeping their customers first. As a founding member of the Lumbermens Merchandising Corporation (LMC), J.C. Snavely & Sons has been involved with the organization since 1935 when Steve Snavely’s grandfather joined the co-op. Snavely saw the vision of working together to improve the purchasing power of independent lumber dealers. Three generations of the Snavely family have worked with LMC, benefiting from the organization’s network, market insights, and supplier relationships. 

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Tennessee needs more time to review Domtar’s permit application for a new wastewater treatment system

By Allison Winters
Six Rivers Media
April 28, 2025
Category: Business & Politics
Region: United States, US East

KINGSPORT — Tennessee Department of Environment and Conservation (TDEC) representatives have asked Domtar for an extension to review the company’s permit application for its anaerobic digester. Environmental Manager Doug Wright wrote…“Our permitting workload is such that we can not devote sufficient time to all applications such that all of the applications are processed within the ideal timeline.” …Domtar Kingsport Mill Manager Troy Wilson replied to TDEC’s request, agreeing to the extension. “Domtar agrees to extend the date for the final issue of the construction permit for the new wastewater treatment system at the Kingsport, Tennessee Mill. Domtar’s plans for an anaerobic digester is planned to help Domtar with its long-term odor mitigation efforts as requested by the surrounding Kingsport community.

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Stora Enso completes the acquisition of the Finnish sawmill company Junnikkala

Stora Enso OYJ
May 2, 2025
Category: Business & Politics
Region: International

Stora Enso has completed the acquisition of the Finnish sawmill company Junnikkala Oy, announced in October 2024. The acquired sawmills will be integrated with Stora Enso’s packaging board site in Oulu, Finland, and secure a cost-efficient wood supply to the site, where a new packaging board machine recently started ramping up production. The total enterprise value for the transaction is up to EUR 137 million, a significant part of it being contingent upon achieving specific production milestones. The acquisition is expected to gradually generate synergies of approximately EUR 15 million annually once Junnikkala’s new sawmill in Oulu is fully operational. The products of the Junnikkala sawmills will complement Stora Enso’s wood products portfolio. Stora Enso’s annual wood procurement in Finland will increase by approximately 1.7 million m³.

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New Zealand government kick-starts trade negotiations with India

Radio New Zealand
May 5, 2025
Category: Business & Politics
Region: International

Todd McClay

New Zealand Trade Minister Todd McClay says a government delegation has landed in New Delhi to kick-start free trade negotiations. Following significant remote engagement over the past month, the first in-person round of negotiations towards a comprehensive India-New Zealand free trade agreement will take place in India this week. …”With a population of 1.4 billion and a GDP estimated to grow to US$5.2 trillion by 2030, India offers significant opportunity for New Zealand exporters,” McClay said. “Strengthening ties with India is a key part of the Government’s strategy to diversify and grow New Zealand’s export markets and double trade by value in 10 years.” …After returning from India in March, Trade Minister McClay called for public submissions on free-trade negotiations. Several industry organisations such as the NZ Timber Industry Federation indicated strong support to the proposed free trade deal.

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Finance & Economics

Lumber futures fell below $550 per thousand board feet, hovering at yearly lows

Trading Economics
May 5, 2025
Category: Finance & Economics
Region: Canada, United States

Lumber futures fell below $550 per thousand board feet, hovering at yearly lows as excess supply from winter restocking collided added to a decline in demand. A 14.2% drop in U.S. single-family housing starts to an annualized 940,000 units in March, pushed new-home inventories to nearly eight months of supply. While a federal directive to raise timber production from public lands by 25% may ease constraints in the long term, the 90-day pause on new reciprocal tariffs has removed near-term urgency for buyers to cover import risks. At the same time, expectations of sharply higher anti-dumping duties on Canadian lumber have prompted mills to hold back supply, further pressuring prices as domestic inventories accumulate and demand remains subdued despite the onset of the spring building season.

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Lumber Prices Ease as Uncertainty Settles Despite Prices Settling

By Vincent Salandro
Builder Magazine
May 5, 2025
Category: Finance & Economics
Region: Canada, United States

Uncertainty over international trade barriers has caused significant fluctuations in lumber prices in recent months, according to Keta Kosman, publisher of Madison’s Lumber Reporter. “The whipsaw fatigue of conflicting tariff announcements over two months had Western Canadian suppliers hoping to see the market settle down,” Kosman. …Some stakeholders held off on buying lumber altogether, while others ordered early in hopes of securing delivery ahead of any potential trade restrictions. “Others decidedly switched their purchasing to Southern Yellow Pine from SPF,” Kosman says. …Data from the WWPA indicates US sawmills were running at only 67% of full capacity in January, compared to 72% for the full-year 2024. In Canada, sawmill utilization was 74% of capacity, down just one percentage point compared to the previous year. …“At this time, there is significant lumber supply able to come back online at existing facilities should demand improve into the summer.”

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Mercer International reports Q1, 2025 net loss of $22.3 million

Mercer International Inc.
May 1, 2025
Category: Finance & Economics
Region: Canada, International

NEW YORK, NY — Mercer International reported first quarter 2025 Operating EBITDA of $47.1 million, a decrease from $63.6 million in the same quarter of 2024 and $99.2 million in the fourth quarter of 2024. In the first quarter of 2025, net loss was $22.3 million compared to $16.7 million in the first quarter of 2024 and net income of $16.7 million in the fourth quarter of 2024. Mr. Juan Carlos Bueno, Chief Executive Officer, stated: “There was continued strength in pulp markets and an improving lumber pricing environment in the first quarter of 2025. However, our operating results in the quarter were negatively impacted by annual planned maintenance downtime at our Celgar mill and the impact of the weaker dollar against the euro.

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Canada’s economy shrunk 0.2% in February, but early signs point to growth in March

CBC News
April 30, 2025
Category: Finance & Economics
Region: Canada

Statistics Canada says the Canadian economy shrunk in the month of February, but declines might not last long, as early signs for March point to moderate GDP growth. The agency says real gross domestic product decreased 0.2% in February. This follows previous growth in the month of January of 0.4% overall. While goods-producing industries pulled the economy up in January, Statistics Canada says it saw a decline of 0.6% overall for February. …Statistics Canada says 12 of the country’s 20 industrial sectors saw declines in February. But the manufacturing sector bucked the trend — that industry saw a 0.6% rise in February. …Advanced information from Statistics Canada indicates that real GDP increased by 0.1 per cent last month. The agency says the annualized growth rate for the first quarter of 2025 based on the March flash estimate is 1.5 per cent.

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Risk of global economic recession surges on US tariff shockwaves

By Hari Kishan
Reuters
April 28, 2025
Category: Finance & Economics
Region: Canada, United States

Risks are high that the global economy will slip into recession this year, according to a majority of economists in a Reuters poll, in which scores said US President Donald Trump’s tariffs have damaged business sentiment. Just three months ago, the same group of economists covering nearly 50 economies had expected the global economy to grow at a strong, steady clip. …While Trump has suspended the heaviest tariffs imposed on almost all trading partners for a few months, a 10% blanket duty remains, as well as a 145% tariff on China, the United States’ largest trading partner. …Showing unusual unanimity… three-quarters of economists cut their 2025 global growth forecast, bringing the median to 2.7% from 3.0% in a January poll. …China and Russia were forecast to grow 4.5% and 1.7% respectively, outperforming the US. However, growth forecasts for Mexico and Canada were downgraded from January by some of the largest margins, to 0.2% and 1.2%.

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Lumber Futures Stabilizes at Over 2-Month Low

Trading View
April 28, 2025
Category: Finance & Economics
Region: Canada, United States

Lumber futures stabilized around $570 per thousand board feet, nearing their lowest point since early February, and marking a sharp drop from late March when prices briefly spiked to $685, the highest in two and a half years. The threat of additional trade tariffs continues to weigh on the construction sector, dampening demand and slowing housing starts. The US produces only 35 billion board feet of lumber annually, far short of the 50 billion board feet it consumes, making it heavily reliant on imports. While steep duties on Canadian softwood lumber have long been in place, these tariffs are set to more than double by September, further driving up material costs for builders. Additionally, concerns are rising that Washington could impose tariffs on European wood, which would directly impact Swedish exporters.

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As GDP Contracts, NAHB Fights NIMBYs and an Exec Order

The National Association of Home Builders
May 1, 2025
Category: Finance & Economics
Region: United States

Gross domestic product (GDP) contracted in the first quarter by 0.3%, with imported goods being a large contributor to the decline as the suppliers prepared for President Trump’s tariff proposals once he took office. NAHB estimates this should even out in the second quarter. Other economic data of note are inflation, which is still elevated but creeping downward, and the unemployment rate, which remains low but may edge up among economic uncertainty. …NAHB Chief Economist Robert Dietz hasn’t hit the panic button yet. And I still think that we don’t know what President Trump’s economy really is yet. It’s been policy by sledgehammer, and now they’re going to start putting the pieces back together.” NAHB Senior Officers and staff continue to actively engage with lawmakers on this and other policies, including a special BUILD-PAC Capital Club event this week featuring an interview with Sen. Tim Sheehy.

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Remodeling Market Poised for Growth as the Age of Owner-Occupied Homes Increases

National Association of Home Builders
May 1, 2025
Category: Finance & Economics
Region: United States

To kick off National Home Remodeling Month in May, which promotes the benefits of hiring a professional remodeler, the National Association of Home Builders (NAHB) has highlighted recent data from the American Community Survey (ACS) that shows almost half of the owner-occupied homes in the U.S. were built before 1980 and have a median age of 41 years. The aging housing stock, combined with insufficient new home inventory, indicates the remodeling market is poised for future growth. The U.S. owner-occupied housing stock has aged rapidly, particularly since the Great Recession, as ACS data analyzed by NAHB shows that around 48% of the housing stock dates back to the 1980s and earlier. The median age of owner-occupied homes climbed to 41 years in 2023, up from 31 years in 2005.

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US Housing’s Share of the Economy Grows Higher to Start the Year

By Jesse Wade
NAHB Eye on Housing
May 1, 2025
Category: Finance & Economics
Region: United States

Housing’s share of the economy grew to 16.4% in the first quarter of 2025, according to the advance estimate of GDP produced by the Bureau of Economic Analysis. This is the highest reading since the third quarter of 2022 and is up 0.2 percentage points from the fourth quarter of 2024. The more cyclical home building and remodeling component – residential fixed investment (RFI) – was 4.1% of GDP, up from 4.0% in the previous quarter. The second component – housing services – was 12.3% of GDP, up from 12.2% in the previous quarter. The graph below stacks the nominal shares for housing services and RFI, resulting in housing’s total share of the economy. …In the first quarter, RFI added 5 basis points to the headline GDP growth rate, marking the second straight quarter of positive contributions.

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Prices up, confidence down after 100 days of Trump 2.0

By Rod Sweet
Global Construction Review
April 30, 2025
Category: Finance & Economics
Region: United States

Tuesday marked the 100th day of President Trump’s second term in office and there are signs of stress and jitters in the US construction industry, with rising prices, falling confidence, and a sharp uptick in abandoned projects. “Lumber and metals prices shot up in March, while contractors’ inboxes are bulging with ‘Dear Valued Customer’ letters announcing further increases for many products,” said Ken Simonson, chief economist at AGC. “Rapid-fire changes in tariffs threaten to drive prices higher for many essential construction goods,” he added. The price of materials and services used in nonresidential construction rose 0.4% in March, the third monthly increase in a row, AGC said. It was the first time since September 2023 that input prices had risen for three consecutive months, and comes after more than a year of stable or falling prices, Simonson said. …Within the 0.4% hike, lumber and plywood rose 2.7%.

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US Consumer Confidence Plunged Again in April

The Conference Board
April 29, 2025
Category: Finance & Economics
Region: United States

The Conference Board Consumer Confidence Index® fell by 7.9 points in April to 86.0 (1985=100). The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—decreased 0.9 points to 133.5. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—dropped 12.5 points to 54.4, the lowest level since October 2011 and well below the threshold of 80 that usually signals a recession ahead. …Stephanie Guichard, Senior Economist at The Conference Board said, “The decline was largely driven by consumers’ expectations. …In addition, expectations about future income prospects turned clearly negative for the first time in five years, suggesting that concerns about the economy have now spread to consumers worrying about their own personal situations. However, consumers’ views of the present have held up, containing the overall decline in the Index.”

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US economy shrank 0.3% in the first quarter as Trump policy uncertainty weighed on businesses

By Jeff Cox
CNBC Economy
April 30, 2025
Category: Finance & Economics
Region: United States

The US economy contracted in the first three months of 2025 on an import surge at the start of President Trump’s second term in office as he wages a potentially costly trade war. Gross domestic product fell at a 0.3% annualized pace, according to a Commerce Department report adjusted for seasonal factors and inflation. This was the first quarter of negative growth since Q1 of 2022. Economists had been looking for a gain of 0.4% after GDP rose by 2.4% in the fourth quarter of 2024. However, over the past day or so some Wall Street economists changed their outlook to negative growth, largely because of an unexpected rise in imports as companies and consumers sought to get ahead of the Trump tariffs implemented in early April. …The more telling number for the future of the expansion was consumer spending, and it grew, but at a relatively weak pace,” said Robert Frick. 

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US Jobs Openings Fall as Economy Slows

By Robert Dietz, Chief Economist
The NAHB Eye on Housing
April 29, 2025
Category: Finance & Economics
Region: United States

Consistent with soft sentiment data, the count of job openings for the overall economy and construction fell in March as employers slowed hiring plans amid a broader economic slowdown, per the March Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). The number of open jobs for the overall economy declined from 7.48 million in February to 7.19 million in March. This is notably smaller than the 8.09 million estimate reported a year ago and reflects a softened aggregate labor market. Previous NAHB analysis indicated that this number had to fall below 8 million on a sustained basis for the Federal Reserve move on interest rate reductions. With estimates remaining below 8 million for national job openings, the Fed, in theory, should be able to cut further despite a recent pause. However, tariff proposals may keep the Fed on pause in the coming quarters.

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US Homeownership Rate Dips to Five-Year Low

By Na Zhao
NAHB – Eye on Housing
April 28, 2025
Category: Finance & Economics
Region: United States

The homeownership rate declined to 65.1% in the first quarter of 2024, the lowest level since the first quarter of 2020, according to the Census’s Housing Vacancy Survey (HVS). Amid elevated mortgage interest rates and tight housing supply, housing affordability is at a multidecade low. Compared to the peak of 69.2% in 2004, the homeownership rate is 4.1 percentage points lower and remains below the 25-year average rate of 66.3%. Homeownership rates declined across nearly all age groups over the past year, except those aged 65 and older. Among younger households, the homeownership rate for those under 35 rose slightly to 36.6% in the first quarter of 2024. However, it is still hovering at the lowest rate in the last 6 years. This age group, particularly sensitive to mortgage rates and the inventory of entry-level homes, saw the largest decline among all age categories.

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President Trump’s tariffs are hurting Massachusetts construction industry, lawmaker says

By Jon Keller
CBS news – WBZ
April 27, 2025
Category: Finance & Economics
Region: United States

Massachusetts Rep. Stephen Lynch is hitting out at the Trump administration, criticizing the president for his tariff war that he said is having an adverse effect on the construction industry in his district. “Tariffs on 140 countries at the same time, treating Canada the same way we treat China was a terrible mistake,” “I would have hoped for a balanced scheme. …”With the market going down, with the strength of the dollar receding, I think he’s a bit worried Treasury bills are not as desirable,” Lynch said. …”I come out of the construction industry, so we’ve got a bunch of projects in my district that are ready to go. The community’s on board, and yet the developers are afraid to put a shovel in the ground. “Is it going to cost 25% more with the tariffs on Canada, all of our lumber, steel, aluminum, aggregate concrete, all of that?

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US consumer sentiment fell for the fourth straight month, plunging 8% in April

The University of Michigan
April 28, 2025
Category: Finance & Economics
Region: United States

US consumer sentiment fell for the fourth straight month, plunging 8% from March. While the April decline in current conditions was modest, the expectations index plummeted with drop-offs in personal finances as well as business conditions. Expectations have fallen a precipitous 32% since January, the steepest three-month percentage decline seen since the 1990 recession. While this month’s deterioration was particularly strong for middle-income families, expectations worsened for vast swaths of the population across age, education, income, and political affiliation. Consumers perceived risks to multiple aspects of the economy, in large part due to ongoing uncertainty around trade policy and the potential for a resurgence of inflation looming ahead. Labor market expectations remained bleak. Even more concerning for the path of the economy, consumers anticipated weaker income growth for themselves in the year ahead. Without reliably strong incomes, spending is unlikely to remain strong amid the numerous warnings signs perceived by consumers.

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Agriculture isn’t nearing trade war tariffs crisis, ‘it is full blown crisis already’ farmers say

By Lori Ann LaRocco
CNBC News
April 28, 2025
Category: Finance & Economics
Region: United States, International

The clock is ticking on trade deals that the US will need to strike with many nations, most notably China, to avoid what Trump’s Treasury Secretary has described as an “unsustainable” tariffs war. But in the U.S. farming sector, the damage has already been done and the economic crisis already begun. US agriculture exporters say the global backlash to President Trump’s tariffs is punishing them, especially a decline in Chinese buying of US farm products, leading to cancelled export orders and layoffs. Peter Friedmann, of the Agriculture Transportation Coalition …says “massive” financial losses are already being shared by its members. …A wood pulp and paperboard exporter reported to the trade group the immediate cancellation or hold of 6,400 metric tons in a warehouse and a hold of 15 railcars sitting in what is known in the supply chain as “demurrage,” when fees are charged for delayed movement of goods.

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Tariffs Are Already Raising Home Prices — Here’s How Much and Why

By Jack Caporal
Motley Fool Money
April 25, 2025
Category: Finance & Economics
Region: United States

Tariffs on key home-building materials — particularly softwood lumber — could significantly increase the cost of new homes in the United States. With the country already facing a housing shortage and widespread affordability challenges for many, new tariffs could price out over 100,000 more prospective home buyers. Home builders reported in April 2025 that existing tariffs had already increased costs by $10,900 per home, according to the NAHB)/Wells Fargo Housing Market Index (HMI). …The Trump administration has opened an investigation into whether imports of lumber and related products threaten U.S. national security — an inquiry that could result in tariffs. New duties on Canadian softwood lumber, the primary source of U.S. imports, could lead home construction costs to surge. …More than 70% of lime and gypsum, critical for drywall and plaster, are imported from Mexico. The Trump administration has threatened to impose a 25% tariff on Mexican goods.

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Boise Cascade reports Q1, 2025 net income of $40.3 million

Boise Cascade Company
May 5, 2025
Category: Finance & Economics
Region: United States, US West

BOISE, Idaho – Boise Cascade reported net income of $40.3 million on sales of $1.5 billion for the first quarter ended March 31, 2025, compared with net income of $104.1 million on sales of $1.6 billion for the first quarter ended March 31, 2024. …Wood Products’ sales, including sales to Building Materials Distribution (BMD), decreased $53.1 million, or 11%, to $415.8 million for the three months ended March 31, 2025, from $468.9 million for the three months ended March 31, 2024. The decrease in sales was driven by lower sales prices and sales volumes for LVL and I-joists. In addition, lower plywood sales prices and sales volumes also contributed to the decrease in sales. …Nate Jorgensen, CEO said “As we move through the second quarter and better understand the underlying demand for 2025, we will be prepared and flexible as the economic situation changes.”

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Clearwater Paper reports Q1, 2025 net loss of $6.3 million

By Clearwater Paper Corporation
Business Wire
April 29, 2025
Category: Finance & Economics
Region: United States, US West

SPOKANE, Washington — Clearwater Paper reported financial results for the first quarter ended March 31, 2025. …For the first quarter of 2025, Clearwater Paper reported net sales of $378 million compared to $259 million for the first quarter of 2024. Clearwater Paper reported net loss from continuing operations in the first quarter of 2025 of $6 million compared to net loss from continuing operations of $2 million for the first quarter of 2024. Adjusted EBITDA was $30 million compared to $14 million in the first quarter of 2024. The increase in Adjusted EBITDA was primarily driven by higher sales volume due to the inclusion of our Augusta facility, the absence of a significant weather event at our Lewiston, Idaho facility that negatively impacted the first quarter of 2024 and benefits from our cost reduction plan, offset by lower sales prices.

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PotlatchDeltic reports Q1, 2025 net income of $25.8 million

PotlatchDeltic Corporation
April 28, 2025
Category: Finance & Economics
Region: United States, US West

SPOKANE, Washington — PotlatchDeltic Corporation reported net income of $25.8 million on revenues of $268.3 million for the quarter ended March 31, 2025. Net loss was $0.3 million on revenues of $228.1 million for the quarter ended March 31, 2024. Highlights include: Total Adjusted EBITDDA of $63.4 million and Total Adjusted EBITDDA margin of 23.6%; Waldo, Arkansas sawmill ramp-up complete; achieved targeted production metrics and run rate for annual nameplate capacity of 275 million board feet; Repurchased 93,100 shares for $4.1 million. …”We delivered solid operational results across all of our business segments despite the prevailing economic and trade policy uncertainties affecting the market,” stated Eric Cremers, President and Chief Executive Officer.

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Kansas builders face uncertain prices as U.S. and Canada ‘keep flexing their muscles’ on tariffs

By Morgan Chilson
Kansas Reflector
May 5, 2025
Category: Finance & Economics
Region: United States, US East

TOPEKA, Kansas — Building a new house in today’s market doesn’t yet mean extra dollars for lumber or manufactured wood products, but Kansas building supply managers warn that tariffs have driven up other construction costs. While on-again, off-again tariffs on Canadian timber are currently off, Kansans should prepare to pay more for just about everything else in the house, they said. “You take the hardware and the millwork portion of our business, and we’re getting daily price increases. …“Canada is the source of upwards of 80% of our lumber, so that’s a huge issue for the homebuilding industry in particular,” he said. …“I would say pretty much 99.9% of all the builders we deal with have language in their contracts for increases due to market conditions,” he said. “Unfortunately, the end user is the one that’s bearing the brunt of all these tariffs,” Robinson added.

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Rayonier Inc. reports Q1, 2025 net loss of $3.4 million

Rayonier Inc.
April 30, 2025
Category: Finance & Economics
Region: United States, US East

WILDLIGHT, Florida — Rayonier reported first quarter net loss attributable to Rayonier of ($3.4) million on revenues of $82.9 million. This compares to net income attributable to Rayonier of $1.4 million on revenues of $113.7 million in the prior year quarter. Due to the Company’s previously announced agreement to sell entities that hold its entire 77% New Zealand joint venture interest, the contribution from the Company’s New Zealand operations are now reflected as discontinued operations on its consolidated financial statements. “We continued to advance key strategic initiatives during the first quarter, underscored by our announcement of an agreement to sell our New Zealand joint venture interest in March,” said Mark McHugh, President and CEO.

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International Paper reports Q1, 2025 net loss of $105 million

By International Paper
PR Newswire
April 30, 2025
Category: Finance & Economics
Region: United States, US East

MEMPHIS, Tennessee — International Paper reported first quarter 2025 net earnings (loss) of $(105) million and adjusted operating earnings (non-GAAP) of $101 million. First quarter net sales were $5.9 billion in 2025 and $4.6 billion in 2024. First quarter net earnings includes a pre-tax charge of $271 million for accelerated depreciation and restructuring charges related to the previously announced closure of the Company’s Red River containerboard mill in Campti, Louisiana. …Andy Silvernail, Chief Executive Officer said., “This year’s first quarter results reflect higher sales and earnings, primarily driven by the DS Smith acquisition, sales price increases, and cost out”. “We also made good progress on growing our market position in our North American packaging business. Overall market demand, however, was softer than anticipated in both of our regions. 

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UFP Industries reports Q1, 2025 net earnings of $79M

By UFP Industries Inc.
Business Wire
April 28, 2025
Category: Finance & Economics
Region: United States, US East

GRAND RAPIDS, Michigan — UFP Industries announced first quarter 2025 results including net sales of $1.60 billion and net earnings attributable to controlling interests of $78.8 million. …Will Schwartz, UFP Industries CEO. “Business activity improved sequentially in each month during the quarter and that improvement has continued into April. …We remain on target to realize $60 million of structural cost savings by year-end 2026″ …“While the prospect of lumber tariffs only adds to the macro uncertainty, we have dealt with lumber tariffs for many years and are well equipped to manage through them. We believe our diverse and balanced customer base will help us navigate through any market challenges.” …Net earnings attributable to controlling interests of $78.8 million represents a 35% decrease from last year. 

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Stora Enso reports Q1, 2025 net income of EUR 107 million

Stora Enso OYJ
April 25, 2025
Category: Finance & Economics
Region: International

FINLAND — Stora Enso reported its Q1, 2025 results. Highlights include: Sales increased by 9% to EUR 2,362 million, mainly due to higher prices and deliveries. The average sales growth was 4.6%. Adjusted EBIT increased, for the fourth consecutive quarter compared year-on-year, to EUR 175 million. Adjusted EBIT margin increased to 7.4%. Operating result was EUR 171 (141) million, and net income was EUR 107 million. …The new consumer packaging board line at the Oulu site in Finland started production ramp-up in March. The line is expected to reach EBITDA breakeven by the year-end 2025 and full capacity during 2027. …Stora Enso has received regulatory approval to proceed with the acquisition of the Finnish sawmill company Junnikkala Oy, announced in October 2024.

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UK Housing starts lag behind completions for sixth consecutive quarter

By Tom Lowe
Housing Today UK
April 28, 2025
Category: Finance & Economics
Region: International

UK — Housing starts in the UK have lagged behind completions for the sixth successive quarter, including to the latest official data. Around 32,000 homes were started in the last quarter of 2024, compared to just over 49,000 completed during the same period, according to the Office for National Statistics. The number of starts is down from 37,000 in the preceding quarter and well below the average of 42,000 homes which have been started per quarter since the ONS resumed gathering the data after the pandemic in April 2022. Completions have remained more stable, rising in the last quarter of 2024 from 41,500 in the third quarter, with an average of just over 49,000 completions a year since the pandemic. Pocket Living chief executive Paul Rickard said: “By any measure these are a disappointing set of figures and continue to highlight the massive challenge the government has.”

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Wood, Paper & Green Building

Mark Carney’s bet on prefabricated homes has promise – and big risks

By Erica Alini
The Globe and Mail
May 5, 2025
Category: Wood, Paper & Green Building
Region: Canada

Prime Minister Carney has pledged billions of dollars in financing for makers of prefabricated homes to help end the country’s housing shortage. Experts say the plan is visionary – and laden with risks. Mr. Carney has promised to provide $25-billion in loans and $1-billion in equity financing for companies that largely build homes in factories rather than on construction sites. The federal government will also place bulk orders of prefabricated housing to help jump-start a nascent industry. …It’s a big, bold bet that could make it faster, cheaper and more environmentally friendly to build a chunk of the 3.5 million homes that Canada needs to add by 2030. But factories need sustained demand, a large enough market and streamlined production. That’s what must weave out of the web of housing bureaucracy and hyperlocal rules that currently tangles up residential construction, the experts caution. [to access the full story a Globe and Mail subscription is required]

Related content:

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Mass Timber Meets Workplace Wellness

By Danielle Anderson
Work Design Magazine
April 28, 2025
Category: Wood, Paper & Green Building
Region: Canada, United States

Designing for today’s workplace is no longer just about square footage, it’s about impact. Organizations and employees expect more from their environments: healthier air, emotional resonance, flexibility, and alignment with sustainability goals. …This shift is already underway in next-generation office ecosystems through projects like T3 ATX Eastside in Austin, Texas, and T3 Sterling Road in Toronto, which strategically apply mass timber and biophilic design to redefine high-performance workplaces. …Among emerging building materials, few carry as much promise, or presence, as mass timber. It’s gaining traction across the US for its low-carbon profile, construction efficiency, and raw beauty. …There’s something deeply human about the presence of wood in a workplace. In fact, 82% of employees exposed to wood report higher wellbeing, and 70% say they feel more connected to nature, according to a study conducted for Forestry Innovation Investment (FII). 

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Hemp a viable insulation material says BC developer

By Grant Cameron
Journal of Commerce
April 30, 2025
Category: Wood, Paper & Green Building
Region: Canada, Canada West

KELOWNA — Developer Wilden Group used hemp to insulate a five-bedroom, 3.5-bathroom, net-zero-ready home in a master-planned community near Kelowna. …CEO Karin Eger-Blenk wanted to test the use of hemp as an insulation material because it lowers the carbon footprint of a structure. …A high-performance, carbon-negative material, hemp boosts thermal efficiency, enhances soundproofing, and improves indoor air quality. Unlike traditional insulation, it is non-allergenic, low in VOCs, and free from synthetic toxins. …However, the use of hemp for insulation posed some practical challenges, and there was a learning curve due to the unfamiliar properties of the hemp batts, notes Eger-Blenk. …“For the Kelowna home, the hemp was about $3 more per square foot of wall compared to fibreglass. Using fibreglass would have been $10,000 cheaper.

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Mass timber innovation continues as sector expands

By Don Wall
Daily Commercial News
April 28, 2025
Category: Wood, Paper & Green Building
Region: Canada, Canada East

Two construction science specialists from EllisDon say Canada’s homegrown mass timber construction sector is creating its own momentum, with the cost gap between the product and traditional materials continuing to decrease and innovators learning new best practices with every successful project. As of Jan. 1, Ontario’s Building Code has been updated to allow construction of mass timber buildings up to 18 storeys, up from 12 storeys. An RBC report estimated the market could reach $4.9 billion by 2030 if global demand continues to grow at an annual rate of 14.5%. The same study noted widespread adoption of wood, specifically mass timber, could cut embodied emissions in buildings by as much as 25%. Mark Gaglione and Vincent Davenport say success breeds success in the sector. Two of the firm’s Toronto projects that were completed in the past year-and-a-half, T3 Sterling Road from Hines and Centennial College’s A Block Expansion project, used mass timber from British Columbia and Quebec respectively.

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Welcome to the first fire-resistant neighborhood. Now what about the rest of California?

By Ben Christopher
CALmatters
April 30, 2025
Category: Wood, Paper & Green Building
Region: United States, US West

The homes in the half-built subdivision look a lot like all the others nestled up against the parched, shrubby hills of Escondido, north San Diego County. But look a little closer. The gutters and vents are enclosed in a thin, wire mesh. Each window is double-paned, the glass tempered to withstand the heat of a wildfire, the stucco around the shutters resistant to flame. The privacy fences, a suburban staple, look like wood, but are actually brown-tinted steel. Every foundation sits behind a moat of gravel. Developer KB Home is marketing Dixon Trail as the first purpose-built “wildfire resilient neighborhood” in the US. The next time fire rips through the chaparral in surrounding hills this cluster of homes is being built to keep the flames at the subdivision’s edge. …The California Wildfire Mitigation Program is funding half a dozen neighborhood-wide retrofits in fire-prone corners of the state.

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Forestry

Calgary continues efforts to plant nearly a million trees, and better balance local canopy

By Andrew Jeffrey
CBC News
May 4, 2025
Category: Forestry
Region: Canada, Canada West

After a major influx of federal dollars last fall, Calgary’s efforts to plant more trees continues this spring. Since 2023, Calgary has planted 200,000 trees. Looking further ahead, Calgary, a city of roughly seven million trees, aims to nearly double its urban canopy coverage from 8.25%, as measured in 2022, to 16% by 2060. The local effort was bolstered by nearly $61 million from the federal government last fall. The funding is part of Canada’s 2 Billion Trees program, a national effort to improve urban spaces, provide cleaner air and help the country adapt to climate change. But where Calgary’s new trees will go is a pressing question surrounding this project. …Paul Atkinson, the city’s acting urban forestry lead, said Calgary targets areas with less trees per hectare of public land. Some areas need soil rehabilitation, which can be expensive, while other neighbourhoods weren’t developed with enough space for trees.

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New funding supports fight against BC’s invasive plants

By Ministry of Forests
The Province of BC
May 1, 2025
Category: Forestry
Region: Canada, Canada West

May is Invasive Species Action Month and 33 organizations throughout BC will be able to continue their work fighting invasive plants, due in part to a funding boost. …Ravi Parmar, Minister of Forests said “No one person, group, agency or government can effectively control invasive plant species alone, and collaboration is critical to everyone’s success. The work these groups do is crucial in our fight to ensure BC’s environments remain healthy and vibrant.” …Nearly $3 million will go toward groups, such as regional invasive species committees, local governments, environmental groups, researchers and the Invasive Species Council of BC, to continue collaboration and support of invasive plant programs and management actions. …Gail Wallin, executive director, Invasive Species Council of British Columbia said, “Invasive plants are estimated to cost us over $2 billion in losses annually.”

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More timber harvesting environmental folly

Letter by Peter Rutland
The Cowichan Valley Citizen
April 30, 2025
Category: Forestry
Region: Canada, Canada West

NORTH COWICHAN, BC — We read with horror the Cowichan Citizen’s April 26, 2025 article about the mayors of North Cowichan and Nanaimo urging timber-harvesting hikes to boost jobs, and reap revenues to help fund our failing municipal infrastructures. This is environmental folly at its best. …Cutting more trees — including rare species and vanishing old growth — just to feed our struggling sawmills and paper mills is simply reckless short-term thinking. It also pumps pressure to resume logging our precious municipal forest reserve, against community wishes, for meagre returns compared to preservation-based carbon-credit cash yet to be chased. Please disregard our mayors’ desperate request.

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Logging irony: Unsustainable logging practices, unfair trade arguments threaten Alberta caribou

By Kirby Smith, retired Alberta wildlife biologist
Alberta Daily Herald Tribune
April 28, 2025
Category: Forestry
Region: Canada, Canada West

Irony is one of Alberta’s most sustainable products. A current example is Weyerhaeuser, an American timber giant, with significant questions about environmental conservation and trade fairness. This company, alongside other American timber enterprises, have fervently lobbied the US Government to impose tariffs on softwood lumber imported from Canada. …Wearing its faux-Canadian hat, Weyerhaeuser, a Forest Management Agreement Holder, is now proposing to clear-cut log the remaining core forested winter range of the Redrock-Prairie Creek and Narraway southern mountain caribou populations. This proposal endangers the future of these already threatened caribou, which rely on these forests for their survival during winter. …Why should Albertans allow the future of these caribou populations to be jeopardized for the sake of supporting a US company? This same company has argued that Canadian softwood lumber is unfairly subsidized, yet it sees no issue with exploiting provincial lands in Alberta at fire-sale prices.

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Forest Service Braces for Restructuring as Timber Orders Add to Workload

By Robert Chaney
The Mountain Journal
April 25, 2025
Category: Forestry
Region: United States, US West

A national strategy to increase timber production and use emergency authorities to protect forests from fire, insects and disease should be in place by May 3, according to an order by Forest Service Acting Associate Chief Chris French. At the same time, the agency is consolidating its nine regional offices into two or three centers. Simultaneously, its parent USDA could lose as many as 30,000 of its 100,000 employees. Approximately 12,000 of those are expected to leave in the second wave of buyout offers in late April. The remaining 18,000 USDA employees are expected to be fired, the firm said. How that might play out in Greater Yellowstone regions like the Bridger Teton or Custer Gallatin national forests is not clear. …With a looming fire and tourist season about to spin up activity in the woods, the Forest Service’s ability to handle baseline missions while reinventing itself has other longtime forest observers worried.

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Carbon, Climate & Bioenergy

Supreme Court won’t hear province’s appeal in youth-led Ontario climate case

The Canadian Press in CBC News
May 1, 2025
Category: Carbon, Climate & Bioenergy
Region: Canada

Canada’s top court has turned down Ontario’s request to weigh in on a major challenge to its climate plan brought by a group of young activists. The Supreme Court of Canada’s decision means the challenge will instead be revived in an Ontario court. Lawyers for the seven young people have argued Ontario’s 2018 decision to replace its climate target with a weaker one committed the province to dangerously high greenhouse gas levels, in a way that jeopardizes their right to life and forces them to bear the brunt of future climate impacts. Their challenge was initially rejected but given fresh life by Ontario’s top court last year, which sent the case back to a trial judge for a new hearing. Legal experts say the case could clarify whether governments in Canada have any constitutional obligation to protect Canadians from climate change.

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BC Admits It Won’t Come Close to 2025 and 2030 Climate Goals

By Zoe Yunker
The Tyee
May 1, 2025
Category: Carbon, Climate & Bioenergy
Region: Canada, Canada West

Almost two decades after B.C. committed to slash greenhouse gas emissions, the provincial government reported one of the largest annual increases in decades and conceded that it won’t meet its 2025 target. …It shows emissions spiking thanks to increases in sectors like gas fracking and transportation. The province now estimates it will miss its emissions reduction target for this year and fall far short of its promised reductions by 2030. “The purpose of the report is to be absolutely clear on these points that we are not on track to meet our near-term 2030 goals,” said Energy and Climate Solutions Minister Adrian Dix. Last year’s accountability report painted a far rosier picture. The government forecast that its CleanBC plan, if implemented, would result in the province almost meeting its 2030 target. …This year’s accountability report cut out some of that aspirational modelling, revealing a major gap in B.C.’s climate action.

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BC says it will miss key climate target by half

By Stefan Labbe
Business in Vancouver
April 29, 2025
Category: Carbon, Climate & Bioenergy
Region: Canada, Canada West

The BC government says it will only meet half of its 2030 target to lower greenhouse gas emissions. In an annual report released Tuesday, the province said it expects to drop BC’s carbon pollution to 20% below 2007 levels by 2030. That’s just half the 40% reduction in emissions the BC government committed to achieving in its Climate Change Accountability Act.  …Kathryn Harrison, a University of British Columbia political scientist researching climate policy, said the government report was surprisingly candid in its inability to meet its climate targets. …The largest polluting sector of the economy was transportation, which accounted for 42% of the province’s total emissions in 2022, the report found. The sector saw an 18% increase in emissions between 2007 and 2022, largely driven by commercial trucking. The next most polluting sector was the industrial sector — including oil and gas — which released 39% of BC’s total. The remaining 19% of emissions came from the buildings and communities sector.

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Svante and Mercer International Advance Carbon Capture Project at Alberta Pulp Mill

Business Wire in the Canadian Press
April 28, 2025
Category: Carbon, Climate & Bioenergy
Region: Canada, Canada West

VANCOUVER, BC — Svante Technologies, a leader in carbon capture and removal technology, announced that its joint carbon capture and storage project with Mercer International has advanced to the Front-end Engineering and Design Phase 2 (FEL-2). Also known as Pre-FEED, this phase involves engineering, cost estimation, and risk analysis to evaluate the project’s commercial viability. …The carbon capture project targets biogenic CO2 emissions from Mercer’s Peace River pulp mill, where the biomass is sourced from sustainably managed forests. Advancing to the Pre-FEED stage will support further development of the integrated design, cost estimates, and risk assessments—key steps toward a final investment decision and potential implementation. …Utilizing a Novel Carbon Capture Technology for Commercial Deployment, Svante’s second-generation capture technology maximizes low-grade waste heat from pulp mills, reducing energy consumption and increasing cost-effectiveness.

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Justice Department sues Hawaii, Michigan, Vermont and New York over state climate actions

By Alexa St. John
Oregon Public Broadcasting
May 1, 2025
Category: Carbon, Climate & Bioenergy
Region: United States

The DOJ on Wednesday filed lawsuits against Hawaii and Michigan over their planned legal action against fossil fuel companies for harms caused by climate change. On Thursday, the DOJ sued New York and Vermont, challenging their climate superfund laws that would force fossil fuel companies to pay into state-based funds based on previous greenhouse gas emissions. “These burdensome and ideologically motivated laws and lawsuits threaten American energy independence and our country’s economic and national security,” Attorney General Pamela Bondi said. …The DOJ lawsuits, which legal experts say are unprecedented, mark the latest of the Trump administration’s attacks on environmental work and raises concern over states’ abilities to retain the power to take climate action without federal opposition. …The DOJ cited the Clean Air Act saying it creates “a program for regulating air pollution in the US and “displaces” the ability of States to regulate greenhouse gas emissions beyond their borders.”

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Forest Fires

Several ‘overwintering’ fires are becoming more active in BC’s north

By Nicholas Johansen
Castanet
May 4, 2025
Category: Forest Fires
Region: Canada, Canada West

As conditions across BC continue to warm up, some of the massive wildfires that burned in the province’s north last season are beginning to become active once again. Known as “overwintering fires,” these burn deep underground into the organic matter of the forest floor through the winter months, covered by snow, before resurfacing in the spring time. The BC Wildfire Service says several overwintering fires in Northern B.C. have become more active and are producing smoke. Two of the fires that crews are focusing their efforts on include one along Highway 77, north of Fort Nelson, and another along the Fort Nelson River. “Response officers are assessing whether the fire will stay within last year’s burn area or could spread further.  …These overwintering fires come as crews are also responding to a number of other fires in the northern half of the province.

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Extreme danger: Wildfires ignite in forest protection area west of Sundre

The Albertan
May 3, 2025
Category: Forest Fires
Region: Canada, Canada West

MOUNTAIN VIEW COUNTY, Alberta – Provincial officials elevated the wildfire danger rating to extreme across the Rocky Mountain House Forest Area Saturday after five new wildfires ignited in the area in recent days. Parts of Mountain View County are included in the forest area, namely west of Sundre and Bergen, covering Coal Camp and Bearberry west of Range Road 60 from Township Road 312 to the north boundary of the county. “The wildfire danger is now extreme in the Rocky Mountain House Forest Area,” the province said in its May 3 update for the forest protection area. “Dead and dry vegetation continues to be a major concern, as it is highly flammable and provides an easily available fuel source for wildfires.” …On Thursday, two wildfires were discovered in the Rocky Mountain House Forest Area while three more were discovered on Friday.

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Wildfire prompts evacuations in Fort St. John, city says

By Brenna Owen
The Canadian Press in the Vancouver Sun
May 1, 2025
Category: Forest Fires
Region: Canada, Canada West

Firefighters from Fort St. John and the B.C. Wildfire Service were battling a blaze that prompted evacuations late Thursday, the city said. The fire is in the Fish Creek Community Forest on the northern outskirts of the city. …The wildfire service website indicates the out-of-control blaze was discovered Thursday and spanned an estimated 0.56 square kilometres — about four times the size of Granville Island in Vancouver — as of 7:32 p.m. The suspected cause of the fire is human activity. The fire is one of nearly two dozen active across BC on Thursday, as the provincial government warned that a combination of warm, dry conditions and strong winds would raise the fire risk in southern parts of B.C. It’s one of two blazes classified as burning out of control, the other being a 1.85-square-kilometre blaze that began as two separate fires about 30 kilometres southwest of Dawson Creek, which is south of Fort St. John.

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