by Web Editor | May 25, 2016 | News
LP Building Products and Sherwood Lumber announce the distribution of the full line of LP SolidStart Engineered Wood Products to the distributor’s locations in Holtsville/Long Island, New York; North Bergen, New Jersey; and Palmer, Massachusetts. This increased distribution of LP’s products—including LP FlameBlock I-Joists—brings the building products to the Northeast.
“Because of their brand excellence and diverse product line, there is tremendous value in doing business with LP Building Products,” said David Gaudreau, senior vice president of sales for Sherwood Lumber. “We are excited to launch the LP program, providing our customers with some of the finest engineered wood products available to help grow sales.”
“Sherwood Lumber has a reputation for providing tremendous logistical and technical support to their customers, and we look forward to working with them in the Northeast,” said Jim Abbott, regional sales manager for LP. “Sherwood’s extensive relationships combined with our innovative products, solutions and sales support to the professional lumber dealer align well to aid future building industry growth within the market.”
From LBM Journal: https://www.lbmjournal.com/lp-building-products-and-sherwood-lumber-partner-on-engineered-wood-in-northeast/
by Web Editor | Mar 18, 2016 | News
The Engineered Wood Construction Guide, APA’s comprehensive and widely recognized guide to engineered wood construction systems, has been updated and is now available on the APA website.
The 92-page guide features information on engineered wood products and recommendations for their use in a wide range of applications in residential and commercial construction. It includes information on plywood and oriented strand board (wood structural panels), glulam, I-joists, structural composite lumber, typical specifications, and design recommendations for floor, wall, and roof systems, diaphragms, shear walls, fire-rated systems, and methods of finishing.
The guide can be downloaded free of charge in PDF format or purchased in printed format for $12 at www.apawood.org/resource-library. The online offering has been enhanced with this edition to simplify the options for downloading selected chapters of the guide or the complete publication.
First published in 1962, this is the 33rd printing of the popular guide.
by Web Editor | Jan 25, 2016 | News
Demand For Engineered Wood Products To Grow Through 2020
Engineered wood product output will grow between 25% and 33% by 2020, according to the Fall 2015 Forecast by APA – The Engineered Wood Association. That should bode well for LBM dealers as the housing market continues its gradual recovery.
APA’s 2015-2020 Market Outlook for structural panels and engineered wood products forecasts that demand for North American-made structural panels will increase 21% by 2020, from 31.5 billion square feet to 38 billion, largely in response the increase in housing starts to 1.5 million units by the end of the decade.
APA’s forecast for an uptick in demand for structural panels and engineered wood doesn’t surprise J.D. Saunders, the 2014-2015 chairman of the National Lumber and Building Material Dealers Association (NLBMDA) and vice president of Economy Lumber in Campbell, Calif. “We’ve already experienced an increase in demand, and part of that is attributable to the recovery of the housing market,” he says.
In fact, APA’s Market Outlook notes that although the U.S. homeownership rate is expected to trend lower through 2020 as interest rates rise, the improving economy could push household growth as high as 1.3 million per year over the next three to five years.
Several factors are dampening the potential for stronger growth in homebuilding. Young would-be homeowners are delaying marriage as they pay off historically high levels of student debt and their projected incomes are unlikely to keep pace with the rise in mortgage payments as home prices and interest rates rise. In addition, first-time home-buyers continue to struggle to meet strict mortgage lending standards to qualify for home loans. Many of the households they form in the near future are likely to be living in rented apartments, as described in the APA report.
From LBM Journal: lbmjournal.com.
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by Web Editor | Dec 11, 2015 | News
Boise Cascade Company, one of the largest producers of plywood and engineered wood products in North America and a leading U.S. wholesale distributor of building products, is expanding its existing operations in Chester County. The company is investing $23.5 million in the facility, creating 52 new jobs in Chester, S.C.
In 2013, Boise Cascade acquired Chester Wood Products, effectively establishing the company’s first Palmetto State operations. Operating today as Chester Plywood, Boise Cascade has decided to expand its Chester County operations in an effort to better serve its growing customer base. With respect to its investment in the facility, which is located at 1445 Lancaster Highway in Chester, Boise Cascade has already begun installing new equipment and expanding the warehouse.
With a heritage dating back to 1957, and headquartered in Boise, Idaho, Boise Cascade manufactures engineered wood products, plywood, lumber and particleboard. As a national distributor, the company operates more than 30 distribution centers across the U.S.
Hiring for the new positions began in the third quarter of 2015, and will continue through the first quarter of 2016.
The Coordinating Council for Economic Development has approved a $100,000 Rural Infrastructure Fund grant to Chester County to assist with the costs of real property improvements.
From the S.C. Department Of Commerce: https://sccommerce.com/news/press-releases/boise-cascade-company-expanding-chester-county-operations
by Web Editor | Dec 7, 2015 | News
Increasing housing starts and higher consumer spending will drive anticipated operating income growth for the global paper and forest products industry of 1%-3% in 2016, underpinning the current stable outlook for the sector for the next 12 months, says Moody’s Investors Service in a report published today. However, the outlook for the Printing and Writing Paper segment is negative as digital alternatives continue to curb paper demand.
“Our outlook for the global paper and forest products sector over the next year remains within our stable range as increasing home construction and economic growth drive wood product, packaging and market pulp earnings growth in the low single digits in 2016,” says Ed Sustar, a Moody’s Vice President — Senior Credit Officer and author of the report.
The outlook for the Paper Packaging and Tissue segment will be stable with operating earnings forecast to grow by 0%-4% on the back of increased (1) packaging demand, driven by modest economic uptick and stable food consumption; and (2) tissue demand, driven by population growth and improving hygiene standards.
Expected improvements to US housing starts will likely prop up end-market demand for timber, lumber, oriented strand board and engineered wood products in 2016, which will in turn support the stable outlook for the Wood Products/Timberland segment. However, lower Chinese infrastructure spending is pressuring North American log and lumber exports. Operating earnings in this sector are expected to grow by between 0%-4% in 2016.
Operating earnings growth for 2016 in the 1%-3% range will support the Market Pulp segment’s stable outlook. Prices across most grades (hardwood, softwood, dissolving pulp) will remain flat or decrease as capacity increases outpace demand. As additional pulp capacity comes on-line, inventory management across the fragmented global pulp industry will remain critical to balancing supply and demand.
From Moody’s: https://www.moodys.com/research/Moodys-Stable-2016-outlook-for-global-paper-and-forest-products–PR_340351
