News
May Canadian Manufacturing Down
Seasonally adjusted Canadian wood product sales in May were $4.4 billion (CAD), down 2.1% from April and 16.3% lower than the comparable month in 2021. Sales of furniture and related products totaled $1.4 billion, rising 3.2% from April and jumping 29.5% over May 2021. Canadian manufacturing sales for all industries decreased 2.0% from April to
Canadian Construction Investment Decreases in May
Canadian building construction investment in May was down 0.2% from April to $20.6 billion (CAD). Residential construction spending grew slightly by 0.1% to $15.4 billion over April, and non-residential totals were 0.9% lower in May at $5.2 billion. Seasonally adjusted single-family spending declined 2.5% from April to $8.4 billion and multi-unit levels increased 3.4% to
CPA Publishes Revised ANSI Particleboard Standard
CPA is pleased to announce that the revised ANSI A208.1-2022 Particleboard Standard is now available. This latest version supersedes the 2016 standard and includes the addition of the U.S. EPA TSCA Title VI formaldehyde regulation as a requirement, a more comprehensive definition of particleboard, updated ASTM standards, corrected referenced footnotes in ASTM D1037, as well
Fall Meeting Hotel Reservations Continue; Registration Available Next Week
Members are encouraged to book hotel reservations now for CPA’s Fall 2022 Meeting, September 11-13 at the Fairmont Queen Elizabeth hotel in Montreal, Quebec. The meeting begins on Sunday with the Welcome Reception at 6:30pm and concludes on Tuesday afternoon with the Board of Directors Meeting. Reservations are being accepted through August 19 or until the
CPA Presents at EPF Meeting
CPA Chairman Steve Carroll (Arauco) and CPA President Andy O’Hare participated in the 2022 European Panel Federation (EPF) annual meeting which was held in Gent, Belgium from June 28-July 1, 2022. Chairman Carroll presented an overview of the current state of the North American composite panel industry, highlighting the most up-to-date capacity and shipment statistics
Tafisa Announces Investment to Build Sixth TFL Line
Tafisa Canada, Lac-Megantic, announced a $34 million investment to expand its main plant and build a sixth TFL line. The new production line is expected to be operational in the fall of 2023. Additionally, Tafisa inaugurated its lacquered panel plant which was a $28 million investment. See Tafisa
Save the Date: 2023 Spring Meeting
Save the date for CPA’s 2023 Spring Meeting which will take place at the Westin La Paloma in Tucson, AZ from April 16-19. The Westin is accessible from the Tucson International Airport. Hotel reservations and meeting registration will be available in January. See CPA Annual Meetings. More Info: Allyson O’Sullivan
Industry Mourns Passing of Norm Hoeppner
Norm Hoeppner, retired Sauder Woodworking executive, passed away on July 12. Norm retired in 2020 after a 15-year career with Sauder, much of which time was spent as the VP of Procurement. He was an active CPA member, served as an Associate Member on the Board of Directors and was well respected throughout the industry.
U.S. Manufacturing Drops in June
The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) in June was 52.7, down 4.3 points from May. Manufacturers cited supply chain challenges, a decrease in new orders and increased costs as the reasons for the decline. The PMI index is composed of five sub-indices tracking changes in new orders, output, employment, suppliers’
Q2 U.S. Remodeling Confidence Falls
U.S. remodeling confidence in the second quarter of 2022 decreased nine points from the previous three months to 77 and dropped 10 points from same period in 2021, according to the National Association of Home Builders’ (NAHB)/Royal Building Products Remodeling Market Index (RMI). This marks the greatest year-over-year decline since the first quarter of 2020.
May Canadian Manufacturing Down
Seasonally adjusted Canadian wood product sales in May were $4.4 billion (CAD), down 2.1% from April and 16.3% lower than the comparable month in 2021. Sales of furniture and related products totaled $1.4 billion, rising 3.2% from April and jumping 29.5% over May 2021. Canadian manufacturing sales for all industries decreased 2.0% from April to
Canadian Construction Investment Decreases in May
Canadian building construction investment in May was down 0.2% from April to $20.6 billion (CAD). Residential construction spending grew slightly by 0.1% to $15.4 billion over April, and non-residential totals were 0.9% lower in May at $5.2 billion. Seasonally adjusted single-family spending declined 2.5% from April to $8.4 billion and multi-unit levels increased 3.4% to
