Remote sensing technologies are enabling more efficient and profitable forestry operations. The latest forest technology conference in Vancouver in early March features practitioners who specialize in helping their forestry clients to see how well these systems work. A range of knowledgeable and practical forest management experts will deliver insights into this new technology at the…
VANCOUVER — West Fraser’s lumber segment generated operating earnings of $232 million (Q3-17 – $126 million) and Adjusted EBITDA of $258 million (Q3-17 – $195 million). This quarter’s results were favorably impacted by higher product pricing, higher SYP production and shipments, offset by slightly lower SPF production and shipments. Countervailing and anti-dumping duties, which were…
WorkSafeBC has released a new three-year plan to help employers reduce serious injuries in the forestry sector. The 2018-2020 Forestry High-Risk Strategy is a renewed three-year strategy for prevention activities in harvesting and related operations. The serious injury rate in the forestry sector is much higher than the average in other sectors. In 2016, the…
IKEA Group has acquired its first U.S. forest property, covering approximately 25,000 acres in Lowndes County, Alabama. The investment in forestry is part of a broader strategy to invest in the sustainable production of resources that IKEA Group consumes directly, such as energy, or indirectly through its products (wood raw material, recycled materials, etc.). IKEA…
TORONTO – CHAR Technologies has completed the acquisition of the Altech Group, which is comprised of Altech Environmental Consulting and Altech Technologies Systems. Bill White, chairman of CHAR, said the acquisition adds more than 30 years of experience in environmental technologies and professional engineering consulting to the company and that “Altech provides CHAR with a…
EDMONTON – Millar Western Forest Products continues its growth strategy with the acquisition of Spruceland Millworks Inc. Millar Western has acquired all shares of the company, its manufacturing operations in Acheson, Alberta, and its woodlands assets. The transaction brings together two companies that have enjoyed a productive business relationship for decades. Spruceland Millworks is a…
These are the last few days for consultation on the Forest Stewardship Council’s ecosystem services procedure and guidance. The two drafts are open for consultation until December 23, 2017. The Ecosystem Services Procedure aims to provide FSC certificate holders with a process to measure the positive impact that their management has on ecosystem services, such…
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…
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…
MONTREAL — Seven Quebec and Ontario sawmills are now owned by a specialty cellulose company based in Florida. Rayonier Advanced Materials has greatly diversified its product line with the acquisition of Tembec, which has pulp and paper operations and sawmills in Canada, plus a mill in France. The combined company will operate under the name…