Södra is planning a new investment for its state-of-the-art pulp mill in Värö which will allow the mill to increase capacity yet further, in steps toward 850,000 tpy. “The investment is part of Södra’s new Group strategy and means that we can continue to follow our chosen path and grow together with our customers. Increasing […]
Mortgage Applications Decrease in June 19th MBA Weekly Survey
Mortgage applications decreased 8.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (“MBA”) Weekly Mortgage Applications Survey for the week ending June 19, 2020. The Market Composite Index, a measure of mortgage loan application volume, decreased 8.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted […]
Report: Fire at Woodline Sawmills in Onamia
According to local news reports Woodline Sawmills, Inc. (HQ: Onamia, MN), had a fire break out at their facility. Message Media reports that a fire erupted in the evening of Wednesday, June 17, 2020. Woodline Sawmills owner Katie Vivant stated “three buildings had been damaged. One hoop structure was completely destroyed with the two adjacent […]
La-Z-Boy Reports Fiscal 2020 Fourth-Quarter and Year-End Results
La-Z-Boy Incorporated (“La-Z-Boy” & the “company”), a global leader in residential furniture, today reported its operating results for the fiscal 2020 fourth quarter and full year ended April 25, 2020. Fiscal 2020 full year versus Fiscal 2019 full year: – Consolidated sales decreased 2.4% to $1.70 billion, reflecting ten months of strength and two months […]
Conifex Provides Operations Update and More
Conifex Timber Inc. (“Conifex”) announced that at its annual general and special meeting of shareholders held on June 22, 2020, all management nominees were elected as directors of the Company. Operations Update Further to its previous news release, Conifex plans to recommence operations following its temporary curtailment at its Mackenzie, British Columbia sawmill on July […]
Lowe’s Appoints Janice Dupre Little Executive Vice President, Human Resources
Lowe’s Companies, Inc. (“Lowe’s”) announced the appointment of Janice Dupre Little as executive vice president, human resources, effective June 22. Little is a seasoned executive with 15 years of human resources and diversity and inclusion experience. Little joined Lowe’s in 2017 and most recently served as senior vice president, diversity & talent management. She has […]
Maibec Officially Acquires CanExel
Maibec officially celebrates its acquisition of the CanExel brand and production facility located in East River, Nova Scotia. Both the brand and the facility have been owned by LP Building Solutions (“LP”) for over 20 years. The transaction, poised to strengthen Maibec’s reputation as a leader in custom exterior siding systems, aligns well with its […]
Ace Hardware Announces Relocation Plans for its Distribution Center in Tampa
Ace Hardware Corporation, the world’s largest hardware cooperative, is pleased to announce relocation plans for its Retail Support Center (“RSC”) located in Tampa, Florida. Relocating the Tampa RSC, which Ace has operated since 1977, to nearby Plant City, Florida, allows Ace to add more than 315,000 sq. ft. to its current capabilities. Construction for the […]
NAHB Announces New Chairman
At the conclusion of last Friday’s Spring Leadership Meetings, NAHB Chairman Dean Mon informed the Board of Directors that he would be unable to complete the remainder of his term due to personal reasons and was resigning his chairmanship. Mon will continue to be an active member of the Federation, providing guidance to both NAHB […]
La-Z-Boy Announces Passing of Steve Kincaid
With great sadness, La-Z-Boy Incorporated (“La-Z-Boy”) announced that Steve Kincaid passed away over the weekend. A veteran of the furniture industry for almost 50 years, he was a part of the La-Z-Boy family. Involved in the Kincaid family business since he was a young boy, Steve formally started with Kincaid Furniture Company as a sales […]