Roseburg Forest Products To Acquire Canada’s Pembroke MDF

by Web Editor | Mar 7, 2018 | News

Roseburg Forest Products To Acquire Canada’s Pembroke MDF

Oregon-based Roseburg Forest Products recently reached an agreement in principle with Pembroke MDF, Inc. to purchase Pembroke’s medium density fiberboard (MDF) and molding production facilities located in northeastern Ontario, Canada. Upon final due diligence and Board of Director approval, the parties expect the sale to close by April 9, 2018.

The acquisition will be Roseburg’s first international purchase and will continue the company’s expansion throughout North America. Roseburg is currently building an engineered wood products plant in Chester, S.C., and recently acquired 158,000 acres of timberland in Virginia and North Carolina.

“The Pembroke plant and its employees present untapped potential that can be used to better serve existing and future customers of our innovative and versatile MDF product line,” said Mark Avery, Roseburg Senior Vice President of Industrial Products and National Accounts. “It’s an exciting opportunity for Roseburg to move into the northeastern region and further diversify our operations and meet demand.”

Roseburg currently owns and operates an MDF plant in Medford, Ore., which produces the company’s Arreis, Medite, Medex, Permacore and Fibrlite product lines. “The addition of the Pembroke MDF plant means Roseburg customers will have access to a broader portfolio of products from a company with a demonstrated, long-term commitment to the industry,” said Jim Buffington, Roseburg’s Business Director for Industrial Products.

“While this deal represents an excellent strategic opportunity for the company, it also offers Pembroke employees and suppliers the promise of stability and consistency provided by Roseburg’s large manufacturing enterprise,” Roseburg President and CEO Grady Mulbery said. “This is a win-win for everyone involved, and we look forward to what the future will bring.”

Isaias Damages $33.5 Million in Alabama Timber

Hurricane Isaias damaged more than 2.5 million tons of timber valued at more than $33.5 million in southwest Alabama, according to a preliminary aerial assessment by the Alabama Forestry Commission (AFC). The Category 2 storm…

BASF Reveals New MDI Plant In Louisiana

BASF Corp. planned its new MDI plant inauguration celebration in Geismar, La. in November. Representing a nearly $1 billion investment, the event markes the completion of BASF’s multi-year MDI expansion project and reinforces the company’s…

Siempelkamp, Hexion Go Separate Ways On AI Development

Siempelkamp and Hexion have ended their cooperation toward the development of AI solutions for the wood-based panel industry. Siempelkamp states it will continue to pursue its own strategy in this area, and Hexion says its…

« Older Entries

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1589916740199-0'); });

Find Us On Social

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548376916922-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548376961890-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548377005333-0'); });

Newsletter

The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.

Subscribe Now

Subscribe/Renew

Panel World is delivered six times per year to North American and international professionals, who represent primary panel production operations. Subscriptions are FREE to qualified individuals.

Complete the form

Advertise

Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!

Contact Us

Roseburg Names Odom Business Manager For Plywood And Lumber

by Web Editor | Jan 8, 2018 | News

Roseburg Forest Products has announced that Phil Odom has been named business manager for the company’s plywood and lumber business, a newly created role that consolidates the reporting structure of plywood and lumber sales organization. Reporting to Odom are the central planning manager, the plywood field sales team, and sales managers for lumber, softwood plywood, and hardwood plywood.

Odom has had experience at BlueLinx Corporation where he served as vice president of national business development, and at Georgia-Pacific. At both companies, Odom managed sales, distribution, manufacturing, and operations teams. Bringing a breadth of experience in organizational leadership and team development to the role, Odom has developed national sales strategies and built out new channels, markets, and product lines.

Odom holds a bachelor’s degree in business administration and marketing from Georgia Southern University. He has served as a board member of the Construction Suppliers Association and as an active member of both the North American Wholesale Lumber Association and the National Lumber and Building Material Dealers Association.

Founded in 1936, Roseburg Forest Products is a privately owned company and a producer of particleboard, medium density fiberboard, and thermally fused laminates. Roseburg also manufactures softwood and hardwood plywood, lumber, LVL, and I-joists. The company owns and sustainably manages more than 600,000 acres of timberland in Oregon, North Carolina, and Virginia, as well as an export wood chip terminal facility in Coos Bay, Oregon.

From Woodworking Network: https://www.woodworkingnetwork.com/roseburg-names-business-manager-plywood-and-lumber?ss=news,news,woodworking_industry_news,news,almanac_market_data,news,canadian_news

Moody’s: Wood Product Growth Supports 2018 Stable Outlook

by Web Editor | Dec 13, 2017 | News

The likelihood of strong profits from the wood products business, alongside higher prices and growth in paper packaging from increased e-commerce demand, will help to offset the secular declines in the printing and writing paper segment, says Moody’s Investors Service in its annual sector outlook published recently. As a result, the outlook for the global paper and forest products sector will remain stable in 2018.

“The stable outlook for paper and forest products globally next year is underpinned by an expected 2%-4% growth of our rated paper and forest products companies, as strength in the wood products and paper packaging subsectors offset decreased demand for commodity paper as the shift to digital-first alternatives continues,” says Ed Sustar, a Moody’s Senior Vice President and author of the report.

On a subsector basis, the positive outlook for wood products and timberland is buoyed by improving strong end-market demand for timber, lumber, oriented strand board (OSB) and engineered wood products as US housing starts increase about 6%, or approximately 1.28 million units, in 2018.

Bolstered by the robust demand emanating from the US homebuilding market, average lumber prices are expected to remain strong, with increased production capacity aligning to support the demand, Moody’s says. Nevertheless, analysts caution that the tight lumber markets will allow countervailing anti-dumping duties assessed on Canadian lumber exported to the US to be passed on to consumers. The issuers most expected to benefit from a combination of higher lumber prices and little-to-no lumber tariffs include Potlatch Corporation, Georgia-Pacific, Weyerhaeuser Company and Rayonier Inc.

From Moody’s Investors Service: https://www.moodys.com/research/Moodys-Wood-product-growth-supports-2018-stable-outlook-offsetting-commodity–PR_377021

Brian Luoma Picked To Lead Alabama’s Westervelt Company

by Web Editor | Mar 22, 2017 | News

Brian Luoma Picked To Lead Alabama’s Westervelt Company

The Westervelt Company named Brian Luoma as President and CEO, succeeding Mike Case, who announced his retirement after more than 32 years with the company. Luoma will oversee Westervelt Lumber, Westervelt Renewable Energy, Westervelt Forest Resources, Westervelt Communities, Westervelt Ecological Services and Westervelt New Zealand.

Luoma most recently served as executive vice president and general manager, Siding, with Louisiana-Pacific Corp.

Jon Warner, Chairman of the Board at The Westervelt Co., based in Tuscaloosa, Alabama, comments, “Brian’s proven leadership and vision will be essential in leading our company.”

“I am thrilled to join the Westervelt team,” Luoma says. “The company’s commitment to excellence and focus on sustainability are the driving forces behind 133 years of success.”

Since 1987, Luoma held roles of increasing responsibility with LP. Luoma graduated in Forestry from Humboldt State University in Arcata, California. He worked for LP while attending college, first as an assistant log scaler at the LP stud mill in Fort Bragg, California and then in the woods as a forestry technician. After graduating he worked for Simpson Timber in Korbel for a year before rejoining LP as timberlands manager in northern California. He then became wood procurement manager for LP’s Western Region. He later led LP’s Northern operations OSB group in Hayward, Wisconsin before moving to LP headquarters as head of forestry, wood procurement and logistics.

He advanced to LP’s vice president of Engineered Wood Products before becoming executive vice president and GM over LP Siding, based at headquarters in Nashville, Tennnessee.

Westervelt operates a high production, modernized southern yellow pine sawmill at Moundville, Alabama, a large industrial wood pellet plant in Aliceville, Alabama, and owns/manages 500,000 acres of timberland.

For more information on The Westervelt Company visit westervelt.com.

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548375988914-0'); });

Isaias Damages $33.5 Million in Alabama Timber

Hurricane Isaias damaged more than 2.5 million tons of timber valued at more than $33.5 million in southwest Alabama, according to a preliminary aerial assessment by the Alabama Forestry Commission (AFC). The Category 2 storm…

BASF Reveals New MDI Plant In Louisiana

BASF Corp. planned its new MDI plant inauguration celebration in Geismar, La. in November. Representing a nearly $1 billion investment, the event markes the completion of BASF’s multi-year MDI expansion project and reinforces the company’s…

Siempelkamp, Hexion Go Separate Ways On AI Development

Siempelkamp and Hexion have ended their cooperation toward the development of AI solutions for the wood-based panel industry. Siempelkamp states it will continue to pursue its own strategy in this area, and Hexion says its…

« Older Entries

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1589916740199-0'); });

Find Us On Social

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548376916922-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548376961890-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548377005333-0'); });

Newsletter

The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.

Subscribe Now

Subscribe/Renew

Panel World is delivered six times per year to North American and international professionals, who represent primary panel production operations. Subscriptions are FREE to qualified individuals.

Complete the form

Advertise

Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!

Contact Us

Stable 2016 Outlook For Global Paper And Forest Products Sector

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