Tembec cuts production at Ontario sawmill
Tembec, the Montreal-based international lumber producer, will take downtime at its Huntsville, Ontario, hardwood sawmill effective today.
The sawmill will be restarted on a one-shift basis July 16, with the second shift continuing to be idle for an indefinite period, the company said.
“This one-week shutdown and the subsequent indefinite shutdown of the second shift are due to a combination of factors, including overall market conditions for hardwood lumber, economic sawlog availability and the high value of the Canadian dollar,” said Dennis Rounsville, executive vp and president of Tembec’s Forest Products Group.
Tembec has yearly sales of about $3.5 billion, with approximately 9,000 employees worldwide.
Lowe’s undertakes campaign to aid flood victims
Lowe’s has announced all of its stores in Texas, Oklahoma and Kansas will be set up to receive cash donations on-site following serious floods in parts of those states. Funds will benefit the American Red Cross.
Lowe’s Charitable and Educational Foundation will match donations from customers, up to $50,000.
Rains have caused serious damage in river communities in those southern states. Earlier, a state of emergency was declared in Oklahoma, while more than a thousand homes reportedly have been destroyed by floods in Texas, and thousands of residents have been displaced in all three states.
Lowe’s Charitable and Educational Foundation, the philanthropic arm of the nation’s second largest home channel retailer, aids a variety of organizations, including Habitat for Humanity, local education systems and others.
Miron Building Supply acquires Catskill dealer
Miron Building Supply, an LBM dealer based in Brooklyn, N.Y., has purchased Bogner-Seitel Lumber for an undisclosed price. The deal was effective July 2.
Headquartered in Monticello, N.Y., Bogner-Seitel Lumber is situated in the heart of the Catskills and serves contractors, camps, hotels and commercial operations in New York, New Jersey and Pennsylvania.
In addition to its Brooklyn store, Miron Building Supplies has locations in Gardiner and Ridgewood, N.Y.