by Web Editor | Feb 19, 2018 | News
SmartLam Eyes $22 Million Maine Expansion For CLT Production
The nation’s first manufacturer of cross-laminated timber plans to set up shop in Maine, with a goal of creating 100 jobs at a $22 million mill, officials said Friday.
SmartLam, LLC of Montana still seeks a mill site, but has committed to building a factory in Maine within 18 months. Founded in 2012, the company produces more than 1 million board feet of the engineered wood product per month and employs 40 people in Montana’s Flathead Valley, SmartLam President Casey Malmquist said. “It is down to two sites right now,” Malmquist said in a telephone interview on Friday. “I’m just waiting to get further feedback on both of those sites and then we will be making our decision.”
“I don’t want to disclose them because I don’t want to influence the deal,” he added. “I think if they can kind of come up organically on their own rather than be influenced by one another it would be a more straightforward deal.”
SmartLam is the second maker of cross-laminated timber, a composite wood strong enough to replace steel and concrete in some types of high-rise buildings, to announce Maine expansion plans this week.
LignaTerra Global LLC of Charlotte, North Carolina announced plans at Husson University on Tuesday to build a $30 million, 300,000-square-foot factory to produce CLT in Millinocket. The company hopes to break ground in July and start production in 12 months with more than 100 workers.
From Bangor Daily News: bangordailynews.com.
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by Web Editor | May 20, 2016 | News
The U.S. Department of Agriculture’s Forest Service Chief Tom Tidwell today announced over $8.5 million to expand and accelerate technologies and strategies that promote the use of wood in commercial construction, heat and power generation, and other wood product innovations that also benefit forest health. Federal funds will leverage more than $18 million in investments from 42 business, university, nonprofit and Tribal partners in 19 states, for a total investment of $27 million.
“We are looking for opportunities to reduce forest restoration costs and create more jobs through strong forest products markets,” said Chief Tidwell. “This funding supports improving forest health on the National Forest System lands and other forested lands and promotes the economic and environmental well being of rural communities.”
The awarded funds will stimulate the use of hazardous fuels from National Forest System lands and other forested lands to promote forest health while simultaneously generating rural jobs. This year, 77 proposals were received for the Forest Service’s Wood Innovations grant program, highlighting the expanding interest and use of wood as a renewable energy source and as an innovative building material.
Healthy markets for forest products help the nation’s forests mitigate some of the impacts of climate change. Research has demonstrated that wood products from responsibly managed forests outperform other building materials in measures of greenhouse gas intensity, air and water pollution and other environmental impacts. Responsibly-sourced forest products also provide income for private landowners that keep their land forested and supports needed investments in forest management to provide clean water, wildlife habitat, and other resources millions of Americans depend upon.
Today’s announcement supports USDA’s Building Blocks for Climate Smart Agriculture and Forestry-a comprehensive effort to provide America’s farmers, ranchers and forest landowners with the tools and resources they need to combat climate change. Through this work, USDA expects to reduce net emissions and enhance carbon sequestration in soils and forests by over 120 million metric tons of CO2 equivalent per year by 2025-the equivalent of taking 25 million cars off the road or offsetting the emissions produced by powering nearly 11 million homes each year.
From the USDA: https://www.usda.gov/wps/portal/usda/usdahome?contentid=2016/05/0115.xml&contentidonly=true
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
