The deep economic downturn that cut U.S. demand for Canadian lumber significantly for several years has had an upside for Canfor Corp., which turned its focus to Asia and discovered "exponential growth" during the first quarter.
B.C.'s forests minister questions report predicting decline of forest industry
VANCOUVER, B.C. - British Columbia's forests minister says the outlook for the lumber sector in the province's Interior, ravaged by the mountain pine beetle, isn't as pessimistic as an industry report issued this week.
Between 2000 and 2005, Chinese timber imports tripled from 10 million to 30 million cubic metres. The import of sawn solid wood products also experienced a similar trend. During the second quarter of 2009, China was the world’s second-biggest importer of sawn softwood products.
As 2009 came to a close, Canfor Corp. announced it would invest $16 million to upgrade its Chetwynd sawmill for a planned re-opening this spring.
After a 20-month shutdown, the restart will put about 70 people back to work.
Global softwood lumber markets were mixed in 2009 - up in China and Africa, while slow in the US
(SkyNewswire.com)--- Seattle, USA. Softwood lumber markets continued to be weak in Japan and the US during the 3Q/09, but have improved in Europe and, surprisingly, northern Africa, according to the Wood Resource Quarterly.