First Southeast U.S. CLT Plant Announced
International Beams, which has EWP (LVL, I-joist and rimboard) manufacturing facilities in Quebec and Ontario and is headquartered in Sarasota, Fla., was approved to receive tax incentive abatements for 10 years by the state of Alabama and the Houston County and 20 years by the city of Dothan.
Additionally, the Commission approved appropriating $632,000 to the Industrial Development Board of Dothan to meet obligations with the Alabama Municipal Electric Authority to facilitate the IB XLAM USA project.
Latest News
SPI Names Robert Hoover Vice President Of Resources
Sierra Pacific Industries (SPI) has named Robert Hoover Vice President of Resources, effective Jan. 1, 2024. He will work with SPI’s team of professionals who sustainably manage the company’s 2.4 million acres of timberlands and provide a steady log supply for the company’s sawmills. Hoover is assuming this role following the retirement of Dan Tomascheski at the end of the year…
U.S. Housing Starts Boom In November
U.S. housing starts—single-family and multi-family combined—made their largest monthly increase in 2023, jumping 14.8% in November over October to a rate of 1.560 million. Single-family starts in November were at a rate of 1.143 million, a whopping 18% above October, while multi-family was 404,000 in November, up nearly 9% over October…
Weyerhaeuser Enhances Coastal Holdings
Weyerhaeuser Co. entered into two agreements with Forest Investment Associates to divest 69,600 acres in upstate South Carolina for $170 million, and to purchase 60,700 acres of high-quality timberlands in coastal North Carolina, South Carolina and Mississippi for $163 million…
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