We will take a look at the 5 biggest lumber companies in the world. To read our analysis of the recent market trends, you can go to the 15 Biggest Lumber Companies in the World.
5. Sierra Pacific Industries
Production Volume in 2021: 4,8631,000 m³
Anderson, California-based Sierra Pacific Industries is a family-owned forest products company. It is one of the largest U.S. lumber manufacturers and owns and manages more than 2.4 million acres of timberland in California, Oregon, and Washington. The company also produces millwork, windows, and renewable energy.
Sierra Pacific Industries was founded in 1949 with one sawmill and has since grown to be a leading lumber company with 14 sawmills and 3 remanufacturing centers with more than 4.72 million cubic meters of annual production.
4. Stora Enso Oyj (OTC:SEOAY)
Production Volume in 2021: 5,7001,000 m³
Stora Enso Oyj (OTC:SEOAY) is an integrated, paper, packaging, and forest products company based in Helsinki, Finland. It employs nearly 22,000 personnel across all continents and generated an annual revenue of €10.2 billion in 2021. The company owns or manages land covering a total area of 2.01 million hectares, across the globe.
The Wood Products segment of Stora Enso Oyj (OTC:SEOAY) operates globally and has 16 production units in Europe with annual sawing capacity of 5.5 million cubic meters and further processing capacity of 2.5 million cubic meters.
The shares of Stora Enso Oyj (OTC:SEOAY) are traded on NASDAQ Helsinki and NASDAQ Stockholm, while its ADRs are traded in the OTC markets in U.S. The company currently has a market capitalization of $11.6 billion.
3. Weyerhaeuser Company (NYSE:WY)
Production Volume in 2021: 7,6841,000 m³
Seattle, Washington-based Weyerhaeuser Company (NYSE:WY) is a leading timberland company with ownership of nearly 10.6 million acres of timberlands in the United States and an additional 14.1 million acres of timberlands in Canada under long-term licenses. In addition to managing the timberlands, the company also produces wood products and renewable energy.
The Wood Products segment of Weyerhaeuser Company (NYSE:WY) manufactures structural lumber, oriented strand board, engineered wood products and other specialty products. Its operations comprise of 35 manufacturing facilities in United States and Canada, including 19 lumber mills with annual capacity of 5.4 million board feet.
Weyerhaeuser Company (NYSE:WY) currently has a market capitalization of $23.8 billion. As of Q3 2022, 37 out of the 920 hedge funds tracked by Insider Monkey held shares of the company, valued at $330 million.
2. Canfor Corporation (OTC:CFPZF)
Production Volume in 2021: 8,9071,000 m³
Vancouver, Canada-based Canfor Corporation (OTC:CFPZF) is one of the world’s largest producers of lumber, pulp, and paper. The company primarily produces softwood lumber and also owns 54.8% shares of Canfor Pulp Products Inc., a leading producer of pulp and paper.
Canfor Corporation (OTC:CFPZF) produced 1.18 billion board feet of lumber during Q3 2022. On July 28, the company announced plans to invest approximately $210 million to build a new sawmill complex in Alabama with annual production capacity of 250 million board feet. Previously, in March this year, the company had acquired the solid wood operations of Millar Western Forest Products Ltd. for C$420 million, which added 630 million board feet of production capacity to its operations.
The shares of Canfor Corporation (OTC:CFPZF) are traded on the Toronto Stock Exchange as well as the OTC markets in United States. The company currently has a market capitalization $2.2 billion.
1. West Fraser Timber Co. Ltd. (NYSE:WFG)
Production Volume in 2021: 9,3981,000 m³
Quesnel, Canada-based West Fraser Timber Co. Ltd. (NYSE:WFG) is a wood products company with more than 60 manufacturing facilities across Canada, the United States, the United Kingdom, and Europe. It produces lumber, OSB, LVL, MDF, plywood, particleboard, pulp, newsprint, wood chips, and renewable energy.
West Fraser Timber Co. Ltd. (NYSE:WFG) currently has a market capitalization of $7.4 billion. As of Q3 2022, according to the Insider Monkey data on 920 eminent hedge funds, 15 hedge funds held share in the lumber company with a total value of $175 million. Waratah Capital Advisors was its largest hedge fund shareholder with ownership of 0.54 million shares valued at $39.4 million.
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