New Legislation Introduced to Support Modernizing Sawmills

Even as the U.S. Congress remains deeply divided, a new bipartisan bill has been introduced into the Senate. The proposed legislation comes from Oregon Senator Jeff Merkley and Montana Senator Tim Sheehy and is called the “Supporting American Wood and Mill Infrastructure with Loans for Longevity (SAWMILL) Act.” It would support mills around the nation by […]

Sumitomo Completes Teal Jones Mill Acquisition

The deal will allow the company to launch its first mass timber manufacturing facility in the U.S. For Tokyo-based Sumitomo Forestry Co. Ltd, the purchase of Teal Jones Louisiana Holdings LLC gives it the capabilities to produce dimension lumber and other materials for homes and multi-family buildings in addition to being able to get into […]

TimberHP Files for Pre-Packaged Bankruptcy

The wood fiber insulation producer is restructuring to eliminate its debt and will continue in operation. Based in Madison, ME, TimberHP said in court papers that it ran into financial difficulties from delays and unexpected costs retrofitting its paper mill facility because of inflation and supply-chain issues. The pre-arranged filing is expected to eliminate about […]