Posted November 16, 2018 05:22:13 It’s no secret that the United States’ lumber industry is in the grip of a devastating recession.
However, the reality is that American consumers aren’t the only ones who suffer.
As a result, many of the world’s leading lumber companies are taking advantage of the crisis to cut down on their costs by outsourcing their timber production.
That’s the story of the Logging, Timber Processing, and Production (LTP) division of American lumber giant Con Edison.
The company has a total of nearly 6,500 workers and has about $9 billion in revenues, according to the American Council on Science and Health.
The LTP division is responsible for the cutting and processing of about 2 million cubic yards of lumber each year.
The U.S. lumber industry employs about 13 million people and is expected to grow to more than 20 million by 2040.
As one of the leading companies in the industry, Con Edison has a strong relationship with the government and federal agencies, according the company’s website.
In fact, Con Ed, the country’s third-largest lumber company, is currently in the process of moving its headquarters to a new facility in Utah.
But, it’s not all good news for American consumers.
Con Ed has been using a technique called “sawing through” to save on lumber costs.
By using a saw, a cutting blade, and a hammer to “cut” a section of a log, the company is able to save hundreds of dollars per year.
By taking advantage, ConEd is cutting down on the environmental impacts of logging and cutting down tree species and landfills.
ConEd has also been using its new Utah facility to make a major expansion in the logging business.
“We are excited to begin work with the Utah Logging Development Authority to begin the first phase of a $2.6 billion, 1,200-acre (570-hectare) project that will enable us to produce lumber at a rate that will bring $2,500 in annual savings to our customers,” Con Ed CEO James Schlesinger said in a statement.
“It is important to understand that the cutting process involves the same technology and materials that are used in traditional logging.
We are working closely with the Department of Interior and Utah’s LDP to ensure that we can deliver an economic impact and the benefit to the public.”
In 2018, Con Edwards sawed through about 3.4 million cubic meters of lumber per year, or about 30% of the company total production.
In addition to saving on timber costs, the process also saves on energy costs.
“Lumber is the most efficient energy source used in the United Sates,” ConEd CEO James Shlesinger explained.
“As we look to the future, we are making an effort to be more energy efficient.
We have an ongoing program to improve the efficiency of our machinery and products to better meet the needs of the lumber industry.”
The Utah Loging Development Authority is working with Con Ed to develop a plan to expand the Utah facility and add about 1,000 new jobs, according a ConEd spokesperson.
While the company has invested millions of dollars in new machinery and a $1.9 billion expansion to the company headquarters, the LTP business is not without its problems.
Con Edison reported a $5.4 billion loss in 2017, a year in which the company also reported a loss of more than $50 million.
Con ed has been struggling to attract new customers for decades.
The number of Con Ed workers fell by about 15% from 2007 to 2017, according reports from the company.
“Con Edison has invested billions of dollars into its U. S. operations, and we remain committed to our strategy to grow our U.s. operations,” Con Edison CEO James Sclesinger wrote in a press release.
“Our new Utah headquarters will increase our capacity to serve our customers and help us achieve our vision of being the leading U. s. lumber company.
Our goal is to serve the U. and U.A. communities by delivering the best quality lumber for a sustainable future.”