Pricing & Supply

Pricing & Supply

Georgia-Pacific invests $120M in technology at lumber mill

Georgia-Pacific recently invested $120 million into Pineland Lumber in Pineland, Texas, making it the largest sawmill in the South. As a result of the improvements and new technology, Pineland Lumber is now positioned as a major competitor in the forest products industry, allowing the facility to better serve Georgia-Pacific's partners, and launching an exciting new chapter in its long and successful history.

Woodworking Industry News

CEO sells $30 million sawmill and laminate wood flooring factories for $1

The CEO of a company that plans to ship wood from Africa to the United States and use a patent-pending CO-Tech system to dry the lumber in route has sold his sawmill and laminate wood flooring facilities, valued at $30 million, for $1. Caravelle International Group, a global ocean technology company, announced that the Company's CEO Dr. Guohua Zhang has sold Penxing Gabon SARL to Caravelle. 

Pricing & Supply

FSC certification in Russia is ending

The Forest Stewardship Council (FSC) announces the withdrawal of the remaining forest management certificates in Russia by the respective certification bodies. This is due to the decision by Assurance Services International (ASI) to terminate its FSC assurance activities in Russia.ASI’s decision will enter into force on May 1, 2023, and will be re-evaluated once the conditions allow for assurance again.