FREDERICTON, NB – The New Brunswick government announced measures today to combat what it considers to be unfair trade actions undertaken by the United States government against New Brunswick’s softwood lumber industry. Among those measures is the hiring of an expert firm to conduct a review of the New Brunswick forestry market. “The forestry sector…
The BC Council of Forest Industries (COFI) and the Coast Forest Products Association (CFPA) will become one association next year to “create a stronger, unified voice for the BC forest industry.” The two will continue under the Council of Forest Industries banner, effective April 1, 2018. Until that time, COFI and CFPA will operate independently,…
NANAIMO, B.C. – A British-Columbia producer of trusses and engineered wood products is expanding its footprint to Ontario with the purchase of Clinton Roof Truss Ltd. Atlas Engineered Products of Nanaimo, B.C., has entered into a letter of intent with Clinton Roof Truss to acquire all of the issued and outstanding shares. Guy Champagne, president…
TimberWest has a number of very large mobile machines working at its sort yards and logistics facilities. They unload trucks, transfer logs within the facility and move logs shipside for loading. When you see these machines in motion, the sites look like a well-orchestrated ballet. Every machine operator knows his or her part in the…
OTTAWA – The Canadian Wood Council (CWC) applauds the Ministry of Infrastructure’s announcement regarding a long-term infrastructure plan that includes climate change considerations. This announcement aligns with the forest product sector’s “30 by 30” climate challenge – a commitment from the sector to help Canada remove 30 megatonnes (MT) of CO2 by the year 2030….
Hornepayne Lumber and Hornepayne Power are receiving a $4 million equity investment from an alliance of three First Nation communities in northeastern Ontario. The investment group, Northeast Superior First Nation Investment LP, is taking a 30 per cent ownership stake in the dimensional lumber mill and co-generation plant, according to a report in Northern Ontario…
WINN, MI — Morbark has completed the acquisition of Rayco Manufacturing, which designs and produces an innovative line of environmental equipment, including stump cutters, forestry mulchers and brush chippers. The transaction is the first acquisition since affiliates of the private equity firm Stellex Capital Management acquired Morbark in 2016. The purchase of Rayco represents a…
SARNIA, Ont. – A building block for the support of early-stage Canadian bioeconomy and cleantech companies has been announced by Bioindustrial Innovation Canada (BIC). BIC has signed a Memorandum of Understanding (MOU) with each of five key venture capital firms investing in the Canadian bioeconomy and cleantech space. It is the intention of these companies…
OTTAWA – The federal government formally requested World Trade Organization (WTO) consultations with the United States concerning the recent anti-dumping and countervailing duty determinations on imports of certain softwood lumber products from Canada. A statement from Global Affairs Canada says the U.S. Department of Commerce’s decision to impose punitive duties on Canadian softwood lumber producers…
The successful development and commercial licensing of a Christmas tree species that will hold its needles longer to allow for earlier shipping was recently announced at Dalhousie University’s Agricultural Campus in Bible Hill, N.S., the Chronicle Herald reports. The new trees could have great benefit to the province’s Christmas tree industry. “These new trees will…