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Rockshield Engineered Wood Products ULC announces restructuring proceedings

by Working Forest | Feb 19, 2021 | Archive Articles, Articles

COCHRANE, ONTARIO, TIMMINSPRESS.COM – On February 8, 2021, Rockshield Engineered Wood Products ULC announced that it had commenced restructuring proceedings to restructure its business and financial affairs. Rockshield operates a premium hardwood core plywood...

British firm to buy Pinnacle Renewable

by Working Forest | Feb 18, 2021 | Archive Articles, Articles

A British-based bio-energy company has reached a deal to buy Pinnacle Renewable Energy which owns half of the Houston pellet plant. The deal will see the Drax Group spend $831 million for Pinnacle’s shares and assumption of its net debts. Pinnacle is the...

Husqvarna launches the MADSAW

by Working Forest | Feb 17, 2021 | Archive Articles, Articles

MISSISSAUGA, ON and CHARLOTTE, N.C. – Husqvarna has set a new standard for professional pole saws with the launch of its latest industry-first innovation – the 525DEPS MADSAW. MAD is a commonly used industry term, an acronym for...

Ian Rankin shows strong support for forest management

by Working Forest | Feb 17, 2021 | Archive Articles, Articles

CAPEBRETONPOST.COM — Nova Scotia’s new premier-designate Iain Rankin has indicated strong support for forestry management and for green policies. He is developing an economic recovery policy model framed around the environment. Rankin has promised to...

Manufacturing sales hit $54.2 billion in December

by Working Forest | Feb 16, 2021 | Archive Articles, Articles

OTTAWA, THE CANADIAN PRESS — Statistics Canada says manufacturing sales rose 0.9 percent to $54.2 billion in December led by sales of wood products, transportation equipment, and petroleum and coal products. The agency says there were record-high sales of wood...

Norbord reports record 2020 results

by Working Forest | Feb 12, 2021 | Archive Articles, Articles

TORONTO, CNW — Norbord Inc. a wholly-owned subsidiary of West Fraser Timber Co. Ltd. effective February 1, 2021, today reported Adjusted EBITDA of $865 million for the full-year 2020 compared to $138 million in 2019. The improvement was due to significantly...
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