Market News of Note

Corner Brook Pulp and Paper Limited will be shutting down one of its two paper machines for 11 days.

A roughly 350,300-square-foot warehouse and distribution facility in Mount Pleasant, Wisc. has been acquired by ND Paper, an Illinois-based paper and paper products maker, according to county records.

Beetles, tariffs and mill closures have cut into Canada's share of the U.S. lumber market, lifting prices by about a third over the past year and shifting even more logging to the U.S. Southeast.

Norbord Inc. announced that effective mid-November, it will indefinitely curtail production on Line 1 of its two-line oriented strand board (OSB) mill in Cordele, Georgia until further notice.

Fortress Global Enterprises Inc. announced that it will be taking market downtime at the Fortress Specialty Cellulose Mill (the "FSC Mill") in Thurso , Québec.

Domtar Corporation announced that it will permanently shut down two of its paper machines.

Rayonier Advanced Materials Inc. will increase prices of its high-alpha and high-viscosity Cellulose Specialties products (including acetate, ethers, micro-crystalline cellulose, nitrocellulose and other grades) by 6%, effective immediately, or as contracts allow.

In August 2019, Brazilian exports of wood-based products (except pulp and paper) fell 22% in value compared to August 2018, from $282.4 million to $219.7 million, according to ITTO.

WestRock Company has provided an estimate of the impact of Hurricane Dorian on its fiscal fourth quarter financial results.

Tolko Industries is cutting back its operations at a lumber mill in Kelowna, affecting 127 jobs as the company becomes the latest in the industry to announce a shutdown in British Columbia.

Metsä Group has scheduled several planned annual maintenance shutdowns at its pulp mills for the autumn of 2019.

West Fraser Timber Co. Ltd. says it will introduce variable operating schedules at five of its British Columbia sawmills, resulting in an estimated 15 to 25 per cent decrease in production.

If realized, the measures would result in a reduction of 265,000 tonnes of SC capacity and 240,000 tonnes of newsprint capacity in UPM's portfolio.

A scheduled week-long shutdown for maintenance at Prince George Pulp and Paper will be followed by a two-week closure in response to weak prices for its product, a Canfor Pulp spokesperson confirmed Wednesday.

Interfor Corp. plans to permanently close its Hammond sawmill in Maple Ridge, B.C., affecting more than 100 workers.

More workers at Georgia Pacific in Crossett are having to look for other jobs.

St. Stephen will lose 60 to 75 jobs by the end of the year because particleboard operations at the Arauco plant will be shutting down.

Tolko says its Armstrong, Lumby and Heffley Creek operations in British Columbia will see shift reductions as volatile conditions continue to plague the province's lumber industry.

The former Resolute pulp and paper mill in Fort Frances, Ont., could produce cannabis or even specialty packaging materials, according to the site's new owner.

Almost four years ago, the Old Town pulp mill was shut down. Nearly 200 workers were affected. But last fall, a subsidiary of a Chinese company purchased the mill, and now it has come back to life.

The curtailment is expected to reduce Conifex's US South lumber production by approximately 21 million board feet to the end of the year.

Sinclar Group Forest Products Ltd. has announced two week curtailments at its sawmill operations in Prince George, Vanderhoof and Fort St. James starting August 19.

Wisconsin's paper industry is alive and well, according to a new state report. A recent study shows the Badger State's paper industry leads the nation in many economic measures.

Canfor is extending the curtailment at the Taylor pulp mill into September.

Canfor Corporation announced further capacity reductions at two of its British Columbia sawmills with an indefinite curtailment at its Mackenzie sawmill and the permanent elimination of one shift at its Isle Pierre sawmill.