Catchmark Timber Trust (CTT) Announces CFO Brian M. Davis to Succeed Jerry Barag as Next CEO
January 21, 2020

January 21, 2020, CatchMark Timber Trust, Inc. (NYSE: CTT) announced today that Brian M. Davis, previously President and Chief Financial Officer, will succeed Jerry Barag as the company’s next Chief Executive Officer and join the company’s Board of Directors, effective immediately. Following six successful years in his role, Mr. Barag made the personal decision to […]

Pope Resources to be Bought by Larger East Coast Timber Company (Rayonier)
January 16, 2020

Nathan Pilling Kitsap Sun (Bremerton, Washington) Published Jan. 16, 2020 Pope Resources, whose roots in the timber industry on the Kitsap Peninsula stretch back nearly 170 years, is being acquired by Rayonier Inc., a timber company headquartered on the East Coast, the two announced Wednesday. The deal was unanimously approved by the boards of both […]

World’s Largest Wood Pellet Maker Both Welcomed and Condemned in North Carolina
January 3, 2020

Charlotte News and Observer BY RICHARD STRADLING JANUARY 03, 2020 10:22 AM Tractor-trailer trucks carrying timber arrive one after another at a factory in Northampton County, where logs are piled up to 35 feet high in rows as long as two football fields. Still more trucks come, carrying sawdust and wood chips from lumber mills […]

Canada’s Kenora Forest Products Files for Bankruptcy, Lists Sawmill for Sale
January 3, 2020 By Robert Dalheim January 03, 2020 WINNIPEG – Prendiville Industries, the parent of Kenora Forest Products, has filed for bankruptcy and is seeking to sell its Kenora Forest mill by April. Prendiville purchased the mill in 1994 and ran it for 14 years at full steam. It curtailed it in 2008 and didn’t reopen […]

Trustmark Suspected Mississippi Ponzi Scheme, Did Nothing, Federal Receiver Argues in Lawsuit
January 2, 2020

By Jimmie E. Gates Mississippi Clarion Ledger Published Jan. 2, 2020 Trustmark National Bank, the former personal bank of Mississippi’s largest Ponzi scheme mastermind Lamar Adams, has been sued by the federal receiver appointed to try to recoup some of the money loss by investors in the $100 million Ponzi scheme. Alysson Mills, the federal […]

A Look at the Mississippi Timber Industry from the Woods
December 26, 2019 by Betsy Jibben Dec 26, 2019 You’re probably getting a lot of packages delivered to your door this time of year. All of those boxes help create demand for the renewable timber market. However, demand is still needed to build up the timber market. “If it doesn’t rain, we’re probably going to be working, […]

Resolute to Acquire Conifex’s Sawmills in Florida and Arkansas
December 24, 2019 December 24, 2019 Resolute Forest Products Inc. has entered into an agreement to acquire Conifex Timber Inc.’s three sawmills in the U.S. South for $163 million plus working capital delivered at closing, which is currently estimated at $7 million. The three sawmills, with combined production capacity of 550 million board feet, are located in […]

RoyOMartin Upgrading 2 Louisiana Facilities
December 23, 2019

New Orleans City Business By: City Business staff December 23, 2019 Forest products company Martco says it’s spending $25 million to modernize its production facilities in Louisiana. The Alexandria-based company, which operates under the trade name RoyOMartin, is investing $23 million to upgrade an oriented strand board site in Oakdale and $2.2 million to modernize […]

Pinnacle to Build Second, 360K-Tonne Pellet Plant in Alabama
December 20, 2019

Canadian Biomass December 20, 2019 By Maria Church B.C.’s largest pellet producer Pinnacle Renewable Energy is expanding once again in the U.S. with the construction of a second industrial wood pellet plant in Alabama. The company announced last night it plans to build a 360,000 metric tonne wood pellet production facility close to its current […]

Timber Construction Company to Open Plant in Conway (AR)
December 9, 2019

Arkansas Times BY Max Brantley December 9, 2019 Structurlam Mass Timber Corporation, which uses laminated wood for construction of residential and commercial buildings, has announced it will invest $90 million in buying the former Nucor fasteners facility in Conway and equipping it for production. The venture will employ and use softwood lumber harvested in Arkansas. […]

International Trade Delegations Tour Mississippi Southern Yellow Pines in Lincoln and Amite Counties
December 6, 2019

Mississippi Business Journal December 6, 2019 This week, the Mississippi Department of Agriculture and Commerce (MDAC) hosted international trade delegations consisting of representatives from Vietnam, China and India as part of a two-day event in which the visiting delegations toured Mississippi logging companies and met with various exporters of Southern Yellow Pine logs. During the […]

Behind the Scenes at the Georgia-Pacific Pulp Mill in Monroe County. See What We Learned
December 4, 2019

Bham Now Author Nathan Watson Posted on December 4, 2019 You know paper come from trees, but have you ever wondered how? Fellow Bham Now producer Matthew Niblett and I had the chance to find out during a tour of Alabama River Cellulose (ARC), a Georgia-Pacific facility in Monroe County, Alabama. Here’s what us Birmingham […]