Structural Panel Production Rose
North American structural panel production increased 2.6% to 30.68 billion SF in 2014 compared to 2013.
OSB production was up 6% to 19.88 billion SF, with U.S. production increasing 4.1% to 13.008 billion SF and Canadian production increasing 9.7% to 6.877 billion SF.
Plywood production was down 3.1% to 10.795 billion SF, with U.S. output falling off 3.9% to 8.985 billion SF while Canadian production increased 1% to 1.810 billion SF.
North American glulam production was up 1.4% to 254.8 million board feet. I-joist production was up 7.4% to 672.2 million linear feet, and LVL production increased 11.7% to 63.9 million cubic feet.
U.S. plywood exports to Mexico and the offshore markets totaled 358MMSF, down 15% from 2013, including a 33% decline in exports to China.
U.S. plywood imports from offshore totaled 424MMSF, up 3.2%, while Canadian plywood imports from non-U.S. sources were 50MMSF, up 22%.
Latest News
Hasslacher Enters North America
Austria-based Hasslacher group is acquiring a stake in Element5, a mass timber producer specializing in the design, manufacture and assembly of modern engineered timber buildings. Based near Toronto, Can., Element5 employs more than 100 and produces cross-laminated timber and glued laminated timber for the North American market.
Endowment Welcomes New Board Members
U.S. Endowment for Forestry and Communities announces that Fritz Mason, Paul Hossain and Anna Torma were elected as new directors at the organization’s fall board meeting. “Drawing upon diverse backgrounds, they each bring a distinctive perspective and unique vision. We look forward to collaborating with them to further the mission of the Endowment,” comments Pete Madden, President and CEO of the Endowment.
FPIC At Louisiana Tech Receives Donation
Martin Sustainable Resources LLC of Alexandria, La. has donated $1 million to Louisiana Tech as a leadership gift toward construction of the University’s new Forest Products Innovation Center (FPIC), with the assurance of another $1 million to be presented by this June. The Center will be on South Campus and provide space for a transdisciplinary approach to solving the challenges…
Kadant Completes Key Knife Acquisition
Kadant Inc. has completed its previously announced acquisition of Key Knife, Inc. and some of its affiliates for approximately $156 million in cash, subject to certain customary adjustments. The acquisition was financed primarily through borrowings under Kadant’s revolving credit facility. Key Knife, a global supplier of engineered knife systems for custom chipping, planing, and flaking solutions for wood product industries, is headquartered in Tualatin, Ore. with…
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