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RBC highlights wood products news for week of April 14: Mass timber advancements announced in Ontario, British Columbia; Two Rivers Lumber investing US$115M to build new sawmill in Alabama; RoyOMartin announces US$30M upgrade to OSB facility in Louisiana
Published: April 18, 2024 by RBC Capital Markets LLC
Black Hills National Forest supervisor expresses concern for the economic health of sawmills, noting changed forest conditions, market forces likely led to layoffs at Neiman Enterprises' Spearfish sawmill; owner also cited logging reductions for layoffs
Published: April 17, 2024 by South Dakota Searchlight
TD Cowen names West Fraser a 'top pick,' expects it to benefit from surging North American structural panel prices toward end of the quarter; most lumber-weighted equities are undervalued, despite plateauing interest rates and new home construction trends
Published: April 17, 2024 by Canada StockWatch
TD Cowen says most lumber-weighted equities are undervalued, expects sawmill capacity closure initiatives to yield better operating rates once industry works through surplus inventory in coming months
Published: April 17, 2024 by Canada StockWatch
Western Forest Products announces indefinite curtailment of Alberni Pacific Division in Port Alberni, British Columbia; negotiations to operate the facility--temporarily curtailed since 2022--failed due to challenging macroeconomic, financing conditions
Published: April 17, 2024 by GlobeNewswire

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