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RBC highlights wood products news for week of Feb. 11: Lumber and OSB prices decrease; LP raises dividend by 8%; Tolko to reduce production at Lakeview Sawmill in Williams Lake, British Columbia

Tolko Industries will be temporarily laying off 60 workers at its Lakeview mill in Williams Lake, British Columbia, beginning Feb. 19; mill will reduce shifts from two to one 50-hour shift per week, citing high operation costs, economic conditions

Tolko aims to have curtailed Lavington, British Columbia, lumber mill fully operational again by the end of January; mill lost power on Dec. 4 due to a malfunctioning energy transformer, is currently undergoing testing of a replacement energy transformer

Recently rebuilt rail line boosts business at Jasper Lumber in Jasper, Alabama, on US$35M-US$40M in first-phase improvements; upgrades are part of investments in partnership with Tolko Industries, to help triple production to 200 mmbf/year, create jobs

Policy developed by Great Vernon Chamber and Tolko urging strategic planning in forestry receives 99% support at Canadian Chamber AGM; nearly 375 business leaders gathered for AGM in Calgary to discuss issues affecting prosperity of Canadian businesses

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