NEWS

After a devastating fire in September at the Weed, CA, veneer plant, Roseburg resumed full operations at the facility on November 9, returning 145 workers to full schedules.

Resources:

The Kitchen Cabinet Manufacturers Association expressed shock and dismay at the Department of Commerce's decision to make no changes to the zero dumping margin for 16 Chinese cabinet manufacturers and suppliers. KCMA has been working with trade officials and lawmakers to halt alleged unfair trading practices by Chinese importers of wooden cabinets, vanities, and components into the U.S.

Resources:

More than 30 wood-related trade associations have signed on to a Hardwood Federation letter advocating for the extension of bonus depreciation: the ability to fully expense the cost of capital expenditures when purchased. Currently, this tax break will begin to phase out in 2023 and will be completely eliminated in 2027.

From January through September, the volume of Russia's industrial lumber declined by 7.5% vs. the same period last year. Plywood production dropped further, by nearly 26%. In September alone, plywood production was down by 40% vs. September 2021.

Resource:

Globalwood.org: Russia's lumber production decreased by 17% and plywood by 40% in September

A consortium has paid $1.8 billion for a block of U.S. hardwood forests, the largest bet yet on forest carbon markets. The consortium is acquiring and managing timberland to maximize how much carbon is stored in the standing trees, rather than sustainably managing the forest for harvest.

Resources: