Leo Oei moves from Vice President of National Accounts to lead commercial strategy for the US building products distributor.
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New five-year revolving facility refinances two previous agreements totaling Euro 1.75 billion.
Exports of lumber from Latvia expanded 15%.
Exports of lumber from European Union to Egypt increased 7%.
Exports of lumber from Germany contracted 21%.
Price for lumber exported from Sweden to the U.S. decreased 12%.
Exports of lumber from Sweden to Morocco expanded 8%.
New leader brings international real estate development and project delivery experience to advance mass timber adoption.
Price remains unchanged from previous week, but down $15 from one month ago.
The price for softwood lumber exported from Canada to U.S. decreases 8%.
U.S. deal involves over 1,000 employees at 28 plants, with Bright Wood to operate under existing leadership.
Finland holds 33% share of Egypt’s lumber imports, followed by Russia with 26% and Sweden with 22%, based on data from Lesprom Analytics.
Retailer sees 2.5%–4.5% sales rise in 2026, below expectations.
The American Wood Council also elects new vice chairs from SmartLam and PotlatchDeltic, effective January 2026.
Price down 6% from a month ago, marking a $29 decline since November.
The upgrade will add a Hybrid Sawline with a 7 ft bandsaw, dual-profiling gang, and full IoT integration, supporting current processing of 160 thousand m3 of timber per year.
Mike Mackay becomes CFO and Andrew Horahan assumes COO role, both effective December 8, 2025.
Exports of lumber from Russia to Japan slipped 1.9%.
Lumber shipments grow 14.4%, while year-to-date output declines 3.9% compared to last year.
Cedar lumber declines 0.1% while cypress lumber increases 0.2% from October.