International Timber & Veneer Announces Closure

We are writing to inform you that our U.S.-based production facility, International Timber & Veneer (ITV), will cease operations in the summer of 2025.

As part of the IVC Group, the veneer manufacturing plant was established in 1997 and has since processed logs into high-quality veneers for our group-owned trading companies R. Ulrich & Co. and International Veneer Company (IVC South Hill), as well as veneer trading companies around the globe.

Following thorough consideration, we have made the difficult decision to close the facility.  This step is the result of a range of factors.  In addition to the widely known challenges such as skilled labor shortages, rising labor costs, and sharply increased prices for equipment and production supplies, the current global economic and trade developments in 2025 have played a particularly decisive role.

Increasingly unpredictable customs policies, a tense international trade climate, and above all, the import ban on American logs into China, have made raw material procurement highly uncertain.  Under these economic conditions, we no longer see a viable long-term outlook for the continued operation of International Timber & Veneer.

Source: International Timber And Veneer, L.C.