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Trump probes lumber, timber imports for potential tariffs; names furniture as derivative product
WASHINGTON – Does the U.S.’ reliance on imported lumber and timber constitute a threat to national security? That’s what the Trump Administration aims to find out through a new executive order. “The wood products industry – composed of timber, lumber, and their derivative products (such as paper products, furniture, and cabinetry) – is a critical manufacturing […]
Speyside Bourbon Cooperage to create 40 jobs in Pittsylvania
Speyside Bourbon Cooperage will invest $16.85 million to build a new stave mill in Pittsylvania County’s Brosville Industrial Park, Gov. Glenn Youngkin announced last week. A U.S. subsidiary of a French company, Speyside Bourbon Cooperage produces staves, or strips of wood, from American White Oak, which are used to make the company’s bourbon barrels. Pittsylvania […]
Timber exporter building $1.1M facility in Suffolk
Kristi Corp. a global supplier of industrial raw materials for aluminum and steel metallurgical industries, will build a $1.1 million log load and fumigation facility in Suffolk, creating 10 jobs, Virginia Gov. Ralph Northam announced Tuesday. The company will source 100% of its exports from Virginia logging companies. Virginia competed with North Carolina and Pennsylvania […]
Lumber company to invest $11M in Caroline County
Gatesville, North Carolina-based lumber company Ashton Lewis Lumber Co. will invest $11 million to establish a specialty Southern yellow pine sawmill in Ruther Glen (part of Caroline County), Gov. Ralph Northam announced Friday. The company has also committed to sourcing 90% of its pine lumber purchases from Virginia forestland owners as part of the investment. […]
