Softwood Lumbermen Still Feeling Good
U.S. softwood lumbermen are not as bullish about their lumber business situation as they were a year ago, but they’re still upbeat and capital expenditure projects are in full force, according to Timber Processing’s annual 2022 U.S. Sawmill Operations & Capital Expenditures Survey.
Eighty-five percent of the respondents forecasted their situation for 2022-2023 as excellent or good (compared to 92% a year ago looking at 2021-2022), while 11% said fair, and 4% said poor or very poor.
“I think markets should continue to be strong, but not near the level of 2021,” commented Patrick Harrigan, president of Harrigan Lumber in Alabama.
The survey questionnaire, which was e-mailed to subscribers of Timber Processing, drew responses from representatives of approximately 175 sawmills.
The main question of the survey asked lumbermen how much capital expenditure they have committed to for 2022 and 2023. An impressive 54% of the lumbermen said at least $1 million, and broken down further it was 2% at more than $50 million, 1% at $30-$50 million, 3% at $20-$30 million, 6% at $15-$20 million, 9% at $10-$15 million, 4% at $8-$10 million, 7% at $5-$8 million, 6% at $4-$5 million, 3% at $3-4 million, 4% at $2-$3 million, and 9% at $1-$2 million.
Read the full report in the June issue of Timber Processing.
Latest News
JoeScan Adds Technology & Process Improvement Manager
JoeScan Adds Technology & Process Improvement ManagerJoeScan, a sawmill scanning technology provider, has announced the appointment of Joseph Elliott to the newly created role of Technology & Process Improvement Manager. In this position, Joseph will spearhead...
GP Shakes Up Operations Leadership
GP Shakes Up Operations Leadership Georgia-Pacific has changed its operations leadership. Jeff Koeppel, senior vice president of operations, will retire in the first quarter of 2025. A role he has held since 2016, Koeppel’s been a critical part of the transformation...
2025 WWPA Master Lumberman Nominations Open
2025 WWPA Master Lumberman Nominations OpenWestern Wood Producers Assn. (WWPA) has opened nominations for the 2025 Master Lumberman honors. The awards will be presented at the Association's Annual Meeting on April 14, 2025. Master Lumberman is the industry's highest...
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.