Idaho Statesman, Nov. 6, 2012
Lumber was a sweet market for Idaho sawmills in 2006. Then the housing market went kerplunk. Some mills turned to a new market to help them survive: Asia. Idaho lumber exports grew by 200 percent between 2009 and 2011. Idaho Forest Group, with five mills in North Idaho, said one-eighth of its production went to China, Vietnam, Japan and elsewhere in Asia.
How is that wood used? Some goes into furniture. Some goes into decking and tongue-and-groove paneling. “I’m really impressed about timber and lumber and how they were willing to adopt and find new markets,” said Jeffery Sayer, director of the Idaho Department of Commerce. Full story here
Spokane, Washington – Oct. 26, 2011 – Clearwater Paper Corporation (NYSE: CLW) today announced the company has entered into an agreement to sell its Lewiston, Idaho, sawmill to Idaho Forest Group of Coeur d'Alene, Idaho.