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Companies in the timber industry / Daily News / Global Trends / Market Analysis / Wood Industry Prices / Forestry / Lumber / Price analysis and info / Sawmilling / Wood Products / Global / North America
November 9, 2020

Canadian lumber companies make record profits; optimistic outlook for 2021

Canadian lumber companies make record profits; optimistic outlook for 2021
   Canadian lumber companies that pulled in record earnings are optimistic about next year despite lower wood prices, as they see the wave of home building and renovations continuing.    Norbord Inc., North America’s biggest producer of oriented strand board (OSB), reported record third-quarter revenue while Resolute Forest Products Inc.’s wood segment saw record-high income, boosted by soaring lumber prices and strong demand from home building and do-it-yourself renovations amid the Covid-19 pandemic.    The long-term growth prospects Norbord sees for the wood-chip panels ...

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