Ferguson (the “Company”) announces that Mike Powell, Group Chief Financial Officer (“CFO”), has resigned in order to take up a role as Group CFO of Mondi plc. Mike is committed to assisting the Company with an orderly transition and the search for his successor is underway. The new Group CFO role will in future be […]
Steelcase Provides Update on Status of Operations, Selected Financial Metrics and Liquidity
Steelcase Inc. (“Steelcase” or the “Company”) announced it has called back most of its manufacturing workforce from temporary layoffs as government restrictions related to the COVID-19 pandemic are beginning to ease. All of the company’s manufacturing and distribution locations around the world are open, with some locations in the process of scaling up capacity levels […]
Twin Rivers Reports No Injuries Following Recent Fire at Site
Twin Rivers Paper Company would like to advise the community of a fire at its Plaster Rock sawmill today. There were no injuries to Twin Rivers employees resulting from the incident. The fire started in, and has been contained to, chip and bark piles. The company is undertaking an assessment of the cause and any […]
NAHB: OSHA Reverses Course and Now Requires Employers to Track COVID-19 Cases
The U.S. Occupational Safety and Health Administration this week announced a significant reversal of previous policy on an employer’s obligation to record work-related cases of COVID-19 on OSHA injury and illness logs. The new requirements go into effect Tuesday, May 26. As with the previous guidance, OSHA acknowledged that it will be difficult to establish […]
Statement by the BC Lumber Trade Council on NAFTA Panel Decision Regarding U.S. ITC Remand Determination on Softwood Lumber
Susan Yurkovich, President of the BC Lumber Trade Council made the following statement with respect to today’s decision by the North American Free Trade Agreement (“NAFTA”) panel reviewing the affirmative injury remand determination of the U.S. International Trade Commission (“USITC”). “The BC Lumber Trade Council is disappointed that the NAFTA Panel’s decision affirms the unsupportable […]
Report: Interfor to Layoff 130 Workers at Gilchrist, Oregon Sawmill
According to local news reports, Interfor Corporation (HQ: Vancouver, BC), will be laying off workers at their Gilchrist, Oregon sawmill. KTVZ reports that Interfor will “lay off 130 of its 150 Gilchrist mill workers, starting late next month, the company confirmed Thursday.” Vice President for Western Operations, Andrew Horahan, was quoted as saying, “Layoffs will begin in […]
LP Building Solutions Board Names Chief Executive Officer W. Bradley Southern as Chairman
LP Building Solutions (“LP”) announced that its Board of Directors has elected W. Bradley Southern as chairman, effective immediately. Southern will also continue to serve as chief executive officer (“CEO”) of the building solutions company, a role he has held since July 2017. Southern succeeds E. Gary Cook, who has served as chairman since 2004 […]
Freddie Mac: Mortgage Rates Decrease in May 21st Report
Freddie Mac released the results of its Primary Mortgage Market Survey® (“PMMS”®), showing that the 30-year fixed-rate mortgage (“FRM”) averaged 3.24 percent. “For the fourth consecutive week, the 30-year fixed-rate mortgage has been below 3.30 percent, giving potential buyers a good reason to continue shopping even amid the pandemic,” said Sam Khater, Freddie Mac’s Chief Economist. […]
Tempur Sealy Opening U.S. Retail Locations and Announces Clean Shop Promise™ Protocol
Tempur Sealy International, Inc. (or the “Company”) announced that customers and associates are welcomed back into the Company’s U.S. Tempur-Pedic and Sleep Outfitters retail stores. After temporary closures, the Company has begun opening its domestic retail stores in a phased approach in compliance with recommended safety precautions from the CDC, state and local health authorities and […]
Canfor to Permanently Close Isle Pierre Mill
Canfor Corporation announced it will be closing its Isle Pierre sawmill, which is located near Prince George, British Columbia. The closure will take effect in the third quarter of 2020 following an orderly wind down of operations. The closure is a result of an insufficient supply of economically viable timber following the Mountain Pine Beetle […]