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Betsy Bates

Investments In Sawmills Driven By Increased Demand In Lumber

July 25, 2018/0 Comments/in news-2018 /by Betsy Bates

The second quarter of 2018 saw another wave of announcements by lumber producers of plans to build new mills or expand current facilities to boost lumber production, particularly in the U.S. South.

The housing market is steadily growing stronger, lumber demand is robust, and manufacturers, for the most part, are thriving financially from the record high lumber prices driven up by demand.  With lumber consumption expected to continue on an upward trajectory, lumber producers are aggressively positioning themselves to take advantage of anticipated future demand.

This quarter’s announcements include plans for new mills in Alabama and Texas, facility expansions in South Carolina and Mississippi, and a Canadian lumber producer acquiring two mills in the deep South that will significantly expand its presence—and production capacity—in the U.S.

The summer issue of the F&W Forestry Report details these announcements.

TO SEE THE FULL ARTICLE IN THE SUMMER 2018 F&W FORESTRY REPORT, SUBSCRIBE NOW

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