Dismantled sawmill off to Siberia
A shuttered Maine sawmill has been dismantled and shipped off to Russia, where it will be reassembled in a timber-rich region of Siberia, according to an article in the Kennebec Journal.
It took workers two months to take apart and pack up the structure and equipment of Morgan Lumber, a 28,000-sq.-ft. former sawmill located in Bingham, Maine. The owner, citing the housing slump, filed for Chapter 7 bankruptcy in June, according to the article. A bank holding company in Canada with a lien on the property foreclosed on it and then sold the mill to a Russian company.
Russia has lost a considerable amount of wood products trade since 2007, when it imposed a 25% tariff on its own exported logs, which come mainly from Siberia. Russian trade officials wanted China and other trading partners to buy finished products, like lumber, instead. Since that time, China has largely turned to Canada and the United States for its log imports.
I sure hoped that the
I sure hoped that the dismantled parts of the sawmill has some fleet tracking device on them so that it would be easy to recover them in case some mishandling occurs. In some places, there are strict regulations about trading of lumbers and woods. But this industry has lots of profits in it.
Ply Gem Holdings reports sales growth in 2010
Cary, N.C.-based exterior products manufacturer Ply Gem Holdings posted 2010 sales of $995.9 million, up 4.7% from 2009.
Net income for the full year ended Dec. 31, 2010, was $27.7 million, compared with a loss of $76.8 million in the prior year.
“Ply Gem’s fourth-quarter and full-year results continue to reflect the challenging conditions that exist in the housing market today. Despite these challenging market conditions, Ply Gem’s operating performance improved in 2010 with demonstrated sales growth, improved operating earnings and increased Adjusted EBITDA,” said Gary E. Robinette, president and CEO of Ply Gem.
For the quarter, sales were $220.5 million, up from $214.6 million in the same quarter last year. The company posted a fourth-quarter loss of $19.6 million, compared with a loss of $17.6 million in the prior-year quarter.
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Chinese hardwood flooring slapped with duty
An unfair-competition complaint by U.S manufacturers has led to preliminary duties on multilayered wood flooring from China.
The Commerce Department Tuesday announced a 27.01% duty rate on multilayered flooring imports — a move described as a preliminary decision, based on evidence of Chinese subsidies.
Facing what they called unfair competition, a group of hardwood flooring suppliers formed the Coalition for American Hardwood Parity (CAHP) in October and filed an unfair trade petition regarding imported engineered wood flooring from China.
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