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Lumber’s price drop has been particularly dramatic in just the last 90 days in the futures market, with contract prices for July falling 28% to $466 per thousand board feet (futures prices are ...
In the narrow sense of the terms, wood, forest, forestry and timber/lumber industry appear to point to different sectors, in the industrialized, internationalized world, there is a tendency toward huge integrated businesses that cover the complete spectrum from silviculture and forestry in private primary or secondary forests or plantations via the logging process up to wood processing and ...
Coconut logs in Klaten, Java, Indonesia.. Coconut timber is a hardwood-substitute from coconut palm trees. It is referred to in the Philippines as coconut lumber, or coco lumber, and elsewhere additionally as cocowood [1] or red palm. [2]
The Canada–U.S. softwood lumber dispute is one of the largest and most enduring trade disputes between both nations. [1] This conflict arose in 1982 and its effects are still seen today. British Columbia , the major Canadian exporter of softwood lumber to the United States , was most affected, reporting losses of 9,494 direct and indirect ...
Lumber prices. Presently there is a healthy lumber economy in the United States, directly employing about 500,000 people in three industries: Logging, Sawmill, and Panel. [62] Annual production in the U.S. is more than 30 billion board feet making the U.S. the largest producer and consumer of lumber. [62]
GFG Alliance was Greensill’s biggest client and it was reported at the time of the collapse that it had an exposure totalling $5bn. [13] In April 2024, Grant Thornton, the administrators for Greensill, published a report where they revealed that they were still owed round $587.2m (£472m) from the GFG Alliance.
As of 2018, "West Fraser has become the largest lumber manufacturer in North America with 8,600 employees globally – about 5,000 in Western Canada – at about 50 locations." [ 4 ] In April 2020, it was revealed that Canadian business magnate Jim Pattison had upped his stake in West Fraser to 13.8% ownership, prompting speculation that the ...
In 2021, the company had over 200 locations in eight countries with 15,000+ employees and sales of $8.6 billion. The company is listed in the Fortune 1000 list of America's largest corporations as of 2022, [ 1 ] and in the 2005 Forbes magazine's Platinum 400 ranking of the best-performing U.S. companies with annual revenue of more than $8 billion.