Canfor reports a loss of almost $50 million for the second quarter
For the second quarter of 2019, the Company reported an operating loss of $49.70 million, an improvement of
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New Cabinet Poised to Unleash the Potential of Ontario’s Forestry Sector
June 20, 2019. The Ontario Forest Industries Association (OFIA) congratulates and welcomes Premier Ford’s new cabinet, following today’s announcement at Queen’s Park. Ontario’s forest sector is looking forward to continuing to work with the Ford government, including the Honourable John Yakabuski, Minister of Natural Resources and Forestry (MNRF) and newly appointed Minister of Environment, Conservation…
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Interfor acquires BC Interior cutting rights from Canfor
Interfor Corporation has announced that it has entered into a purchase agreement to acquire cutting rights in the Adams Lake area of the BC Interior from Canfor Corporation for $60 million to solidify long-term log supply. Summary Purchase Agreement Terms Interfor to acquire two replaceable licenses with annual cutting rights of approximately 349,000 cubic meters,…
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Province Recognizes the Importance of the Forestry Sector in Ontario
TIMMINS — Today John Yakabuski, Minister of Natural Resources and Forestry, highlighted next steps in the development of Ontario’s new forestry strategy while marking the 100th anniversary of EACOM Timber Corporation’s flagship sawmill. “Our government is making Ontario open for business and open for jobs. We are committed to ensuring the forestry industry can attract…
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Random Lengths Lumber and Panel Market Report
The framing lumber market took a step back after showing signs in prior weeks that it might break out of its longstanding malaise. Weather continued to play a role in some regions, but the consensus was that sluggish year-to-date sales had allowed too much supply to build up in the distribution system. Despite reports that…
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Voith and TSP launch joint venture
Voith and TSP have launched a new joint venture – TSP OnCare Digital Assets Inc. “With the new joint venture between Voith and TSP, Voith is enlarging its footprint in North America in the important field of automation and digitalization services. “With TSP, we have the right partner to expand our customer base and tap…
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Canada, BC announce funding to help tackle climate change
Canada and British Columbia are working together to take climate action and help Canadians access clean solutions that reduce pollution, create good jobs, and support healthy communities. The Minister of Environment and Climate Change, Catherine McKenna, was joined by British Columbia’s Minister of Environment and Climate Change Strategy, George Heyman, to announce $140 million in…
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Sappi and Borregaard celebrate 20 years of biorefinery investment
JOHANNESBURG – LignoTech South Africa (LignoTech) is an equal partnership joint venture between Sappi Southern Africa Limited (“Sappi”) and Borregaard AS of Norway (“Borregaard”). The lignin extraction plant in Umkomaas, KwaZulu Natal was first commissioned in December 1998 and officially opened in 1999. The plant at LignoTech was designed to generate revenue from a previously-unused…
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Random Lengths Lumber and Panel Market Report
Random Lengths Lumber Market Report While softness prevailed in prices, trading in framing lumber picked up modestly amid drier and warmer weather in some markets. Increased demand was mostly reported among distributors, wholesalers, and other buyers, while orders were slower to reach back to the mills. Even so, producers picked up on the modestly brighter…
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Forest sector applauds skills & innovation investment
The FPAC applauds the federal government’s commitment to skills development and innovation in Canada’s forest products sector. Today’s budget commits more than $250M in funding to bolster Canada’s forest products industry, which employs more than 230,000 Canadians. “Today the government signaled that it recognizes and supports the transformation taking place in Canada’s forestry communities, noted…