US plywood producers scramble to increase productionThursday 28 Mar 2013 Plywood producers in the U.S. are scrambling to return plywood production to pre-recession levels as prices reach levels 45% higher than a year ago, the Wall Street Journal reported on March 21. The Random Lengths structural panel composite price reached US$511 per thousand sq. ft. (msf) on March 15, up $150 (45.58%) over the price reported in the corresponding week of 2012 of $351/msf.The nation's largest plywood producer, Atlanta-based Georgia-Pacific (GP), announced on March 22 that it plans to invest around US$400 million over the next three years to increase its softwood plywood and lumber capacity by 20%. The investment will be focused on revamping and expanding GP's lumber and plywood plants in the southeastern U.S. |
Copyright 2004-2026 © Innovatek Ltd. All rights reserved. |